In the previous post, we gave an overview of the Open Innovation Methods Matrix below, and defined the varying degrees of openness (the X-axis) and the different stages of open innovation (the Y-axis). In this post we describe the range of methods, together with examples, and how they can be applied.
Within the Open Innovation Methods Matrix above there are nine methods that are most commonly used to innovate openly, as follow:
Broadly speaking, we would advocate starting in the bottom left hand corner and expanding out, ultimately arriving in the top right hand corner. However, there is no right or wrong path through this matrix and not all boxes will necessarily be relevant depending on a wide range of factors. Increasingly though, mature and sophisticated organisations will need to build their capabilities in most, if not all, of these areas to remain competitive.
We hope this tool is helpful in thinking about where you could start or go next with your open innovation strategy. As ever, we would appreciate your feedback on this open innovation methods matrix, as we know that “none of us are as smart as all of us”.