Open Innovation and Digitalization
Description
EP1: Open Innovation and Digitalization
Last week, Aurelia already gave you some insight on
this series and open innovation, but today we will dig a little bit deeper into
the topic on digitalization itself and I will explain to you how digitalization
can be used to drive open innovation.
We will give you some advice on
how open innovation can help to drive the transformation.
Open Innovation: accessing external knowledge to find solutions for pressing
problems. In a business context open innovation means to use inflows and outflows of
knowledge to accelerate internal innovation. As a consequence the
organization's boundaries become permeable, what allows to combine the company
resources with the external co-operators. For example you can get access to
important knowledge though experts. Moreover, companies can
reduce costs and bring innovations to market more quickly.
How can open innovation help to
support digital transformations? The explanation is based on these four key
elements.
1. Determine
your strategy
2. Developing the organisational culture <o:p></o:p>
3. Developing
the right mindset
4. Empowering
your employees <o:p></o:p>
Further Links:
Open Innovation Tool: Adobe Kickbox
This episode was based on the blogpost from Tatjana Juskov; October 13th, 2020: How to Use Digital Transformation to Drive Open Innovation which was originally posted on a blog of the RMIT University in collaboration with Geoffrey Mann. Here is the link to the original publication*
*Engelsberger, A., Juskov T. and Mann, G. (2020), 'How to Use Digital Transformation to Drive Open Innovation'
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United States
