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Open Innovation is like making a sandwich

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What do you think about when someone asks what open innovation is? There is of course the long winded answer, that says that “open innovation is a paradigm that assumes that firms can and should use external ideas as well as internal ideas, and internal and external paths to market, as the firms look to advance their technology”.* Open innovation also …

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Innovation can be found anywhere

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Some of the things that we now take for granted have been discovered by accident. I’ll give you a couple of examples: The slinky – During WW2, navy engineer Richard James was trying to find a way of using springs on navy ships, to keep sensitive instruments from bumping around. He dropped one on the floor and was amused by the …

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4 tips to measure innovation

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“There is a clear correlation between capability in innovation measurement and innovation success, yet less than 20% of companies believe they have a decent innovation measurement capability” says the 8th Arthur D. Little’s Global Innovation Excellence Study. Few business processes are more critical to a company’s continued performance than innovation. But when it comes to the question “what should I …

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The importance of employee engagement

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Employee engagement strongly relates to key organisational outcomes in any economic climate, says a 2012 Gallup study, which examined 1.4 million employees across 192 organisations. Positive outcomes vary from lower absenteeism to higher productivity and profitability.  The results of the study are quite clear. For example, highly engaged organisations have double the rate of success compared to lower engaged organisations. …

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Gamification in innovation

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High-powered rewards are no better than low-powered incentives at producing radical innovation according to a recent study. Did you know that? Big rewards, in fact, seem to produce an overload of satisfactory ideas that most of the time end up being stuck in the pipeline pending approval and, considering that innovation is about concretising a small amount of good ideas, …

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Happiness and creativity

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Experiencing positive emotions spurs creativity and allows people to see the world in a different way. A positive mood, in fact, allows your brain to think more creatively. This is what Ruby Nadler, a graduate student of University Western Ontario, found out in a study carried out in 2010 with two colleagues, Rahel Rabi and John Paul Minda. Researchers altered …

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8 ways to engage your employees

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Your employees no longer work just for job security or a good salary; they also want to attain personal fulfilment. Their goals have changed and today, as customers, they seek an internal value proposition. Here at Wazoku, we believe that employee engagement means having your staff recognise that they benefit from the success of your business. They will perform better …

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Culture for innovation – It’s all about leadership

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Implementing open innovation requires a shift in the mindset and a change in culture. It requires individuals to share their knowledge and to be open to external ideas. This means that innovation success lies mainly in creating a culture to support it. Here at Wazoku, we do believe that corporate culture is the only true competitive advantage. But, to be …