Adi Gaskell

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How to Create an Open Innovation Culture: Act Like a Venture Capitalist

Posted by Adi Gaskell on Dec 5, 2017 1:28:13 PM

In previous posts I’ve spoken about both the growth in open innovation and the ways that open innovation can help to tame the rapidly advancing costs associated with innovating in the modern world.

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Topics: Innovation Insights

Why Open Innovation Makes Sense

Posted by Adi Gaskell on Nov 14, 2017 6:16:04 AM

Innovation is something that most organizations want to master so that they can survive in our increasingly ‘VUCA’ world. Innovating well is increasingly challenging however. A recent study from the Stanford Institute for Economic Policy Research highlighted the difficulties organizations face in the modern world.

The study examined the productivity of research and development, on both a national as well as industrial scale, and found that organizations need to spend significantly more, both in terms of human and financial resources, to achieve the same kind of results as were achieved in the past.

Despite both research expenditure and the number of researchers deployed in R&D going up significantly, the out is not rising in unison. Indeed, the authors reveal that roughly 20 times as many people are employed in R&D as was the case in 1930.

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Topics: Innovation Insights

Should You Have an Innovation Department?

Posted by Adi Gaskell on Sep 19, 2017 8:33:49 AM

In my previous post I highlighted a report from The European Academic Network for Open Innovation into the skills shortage many organizations face when trying to innovate successfully. One potential solution to this challenge is to build a dedicated department whose primary remit is to innovate. You can then do everything necessary to ensure that the personnel within that department have the skills required.

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Topics: Innovation Insights

The Extent & Form of Open Innovation Today

Posted by Adi Gaskell on Aug 10, 2017 10:43:38 AM

Whilst challenge prizes have existed for hundreds of years, the concept of open innovation came to widespread attention through the work of Henry Chesborough. His 2003 classic Open Innovation: The new imperative for creating and profiting from technology highlighted the considerable potential of a more open approach to innovation, and alongside James Surowiecki’s Wisdom of Crowds, which was published the following year, showed a new way of thinking.

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Topics: Innovation Insights

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