When it comes to open innovation, knowing where to start or what to do next can often be the hardest decision. This uncertainty leads to inaction and missed opportunities. To counter this, we have produced a simple tool (below), which is based on our range of practical experience, to show the most common and relevant methods to successfully innovate openly.
There are varying degrees of openness that are relevant and helpful depending on your sector and circumstances (the X-axis), which include:
Additionally, the value of opening up is very different depending on which stage of the innovation process you are at (the Y-axis). The three stages are:
In the next post, we’ll describe a range of open innovation methods together with examples, and explain how they apply to The Open Innovation Methods Matrix.