Open Innovation -
definition, examples, Innompic Games
"
We are sure that you have an excellent internal
innovation team. But, just like there are innovators
in your company, they also exist outside of it. So,
what stops you from taking advantage of that? This
plethora of external innovators and skill teams
brings a fresh perspective to your projects and
suggests ideas for new ones from their varied range
of experiences and expertise. Such external
innovation not only enables you to solve some of the
pressing challenges of your organization but also
opens doors for novel business opportunities through
corporate open innovation.
Now, let’s see how open innovation boosts your
internal innovation. We’ll give you five real-life
examples of global industry players. These case
studies will give you an idea of how to successfully
deploy corporate open innovation in your company and
what kind of results you can expect!"
General Electric crowdsources New Ideas
General Electric is one of the bigshots that
implements not one, but multiple corporate open
innovation models. They are built on its GE Open
Innovation Manifesto, which says, “We believe
openness leads to inventiveness and usefulness.” To
this end, General Electric crowdsources innovation
from experts and entrepreneurs worldwide to solve
various internal challenges.
One of GE’s significant initiatives is the First
Build. It is a platform that enables the
collaboration among designers, engineers, and
budding innovators to share new ideas, mainly
focussing on creating new home appliances. GE then
makes the best ideas available for purchase so that
companies develop them further and bring them to
life.
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