Measuring open innovation is a new field. I would like to examine three sets of factors unique to open innovation. Firstly, aligning the metrics of both parties is important, so that partners continue to get what they need out of the relationship and remain keen. Secondly, measuring the health and strength of relationships is vitally important because this is the glue that holds collaborations together. Thirdly, we must learn to value networks, factor in the anticipation of future rewards from them.
I firmly believe that open innovation is highly counter-intuitive which is why it remains somewhat marginal. To illustrate the point here are some traits of open innovation which often pass people by so I feel compelled to capture them in this post. 1. Start At The End. 2. Buy From Your Customers 3. Show Not Tell 4. You Will Never Spot a Winner. 5. It’s Not Who You Know, It’s Who Knows You
February 25, 2010 – 2:17 am
Many thanks to everybody who responded to a previous post asking ‘Who are the best open innovation speakers globally?’. We have taken on board your feedback and I’m pleased to announce that on the 8th of April, NESTA is hosting the Open for Business conference in London that will explore new open business models and [...]
February 5, 2010 – 1:05 pm
This week I’ve had a tremendous serious of conversations based around the power and pitfall of innovation networks. Everyone I spoke to recognise their importance but few people – myself included – know how to understand how they work or harness them. Let me tell three quick, and mostly personal stories, to illustrate what I mean.
We recently hosted Dr Karen Stephenson at Nesta for an event called 'Deciphering Trust' with the rather enticing sub-title 'How cigarette breaks, gossip and other informal networks influence your capacity to innovate'. The feedback from the event was excellent and possibly the best we've had, from all of the many events I've been involved with [...]
February 9, 2009 – 3:18 pm
We had a very interesting event this morning at Nesta on networks of influence with about 70 people co-facilitated by Mark Earls, Johnnie Moore and James Cherkoff. The structure was very simple, but possibly rather groundbreaking for a Monday morning. We played a number of 'games' whereby we all lead, influenced, nudged, suggested in different ways and [...]
December 2, 2008 – 12:30 pm
“More people, sharing more resources, in new ways, is the history of civilisation.” The above quote comes from Howard Rheingold’s 2002 book Smart Mobs and its sets a suitably grand tone for this post that I‘ve been chewing over for a while. I’ve always been interested in new way of connecting & networking & relationship building and recently have been spurred on to write this post by 3 unrelated events, described briefly below:
