Great products are the result of excellent innovation management. However, it’s often the final product that makes the headlines. For this reason, ISPIM, the International Society for Professional Innovation Management, has announced their second ISPIM Grand Prize for Excellence in Innovation Management, to recognize the outstanding work that innovation professionals do to deliver great innovation to the market.
Following our articles on how the packaging and manufacturing sectors are embracing crowdsourced innovation, we now turn to the energy sector. The energy sector is ideally suited for InnoCentive’s Challenge Driven Innovation methodology for a number of reasons, including:
Open innovation has its history in point solutions – one specific issue was placed to a crowd and one specific solution was sought. This framework certainly still has validity today, but as methodologies have improved and tech platforms developed, open innovation for some has moved beyond this singular event. Instead it can represent a system; a repeatable framework that has intrinsic importance to the innovation methodology of an organisation. So how does open innovation move from unique and occasional events to perennial and habitual systems?