Tag Archives: innovation tools

Applying open innovation tools to business model innovation

Posted on April 5, 2017 by Eugene Ivanov

Recently, I proposed a “map” of existing open innovation tools based on the identity of open innovation partner(s) and the mode of interaction between them. Three large “baskets” were included: co-creation (known partners, two-way interaction), crowdsourcing (unknown partners, two-way interaction) … Continue reading →

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Why does your doctor hate crowdsourcing?

Posted on March 26, 2017 by Eugene Ivanov

One of the signs of the growing popularity of crowdsourcing is its steady expansion into gated professional communities dominated by experts. Take, for example, medical diagnostics, an area that has for centuries been a fiefdom of medical professionals. Now, a … Continue reading →

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A map of open innovation practices

Posted on March 17, 2017 by Eugene Ivanov

A problem that I see with the current literature on open innovation is that while focusing predominantly on theoretical aspects of the concept (value proposition, strategic alignments, governance and management, human capital and culture), it pays little attention to the … Continue reading →

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Don’t confuse crowdsourcing with brainstorming

Posted on March 6, 2017 by Eugene Ivanov

I try to follow what academic researchers have to say about crowdsourcing. As a crowdsourcing practitioner, I welcome the clarity, holistic approach and intellectual vigor that academic research brings to the table. But not always. Take, for example, a recent … Continue reading →

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What can crowds do?

Posted on February 22, 2017 by Eugene Ivanov

Since the publication, in 2004, of James Surowiecki’s highly influential book, “The Wisdom of Crowds,” the idea that large groups of people are smarter than a few individuals, however brilliant, has been gradually gaining prominence in academic circles, business communities … Continue reading →

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When many experts are too many

Posted on February 17, 2017 by Eugene Ivanov

In my earlier posts (here and here), I argued that when facing a complex technical or business problem the majority of organizations have a natural inclination to begin the problem-solving process with engaging experts, either internal (employees) or external (consultants). … Continue reading →

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Crowdsourcing: adding more diversity to your innovation process

Posted on February 8, 2017 by Eugene Ivanov

I think that today only a very stubborn few would deny a positive role that diversity plays in the marketplace. Studies abound pointing to better performance of companies promoting diversity in their ranks. For example, a 2015 McKinsey report on … Continue reading →

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Should we blame crowdsourcing for Quirky’s downfall?

Posted on February 1, 2017 by Eugene Ivanov

In December 2015 issue of Harvard Business Review, Sebastian Fixson and Tucker Marion attempted to figure out what went wrong with Quirky, a collaborative-invention platform that connects creative individuals with consumer product companies. Launched in 2009 and hailed as a … Continue reading →

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Matching crowdsourcing to specific stages of business model innovation

Posted on January 23, 2017 by Eugene Ivanov

(The original version of this piece was posted to the Qmarkets blog) I like to argue (for example, here) that one of the major reasons crowdsourcing has not yet become a mainstream innovation tool is a paralyzing uncertainty over the question … Continue reading →

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Open Innovation = Co-Creation + Crowdsourcing

Posted on December 20, 2016 by Eugene Ivanov

A good friend of mine Michael Docherty, the founder of the consulting and new ventures firm Venture 2 Inc. (and author of the highly-acclaimed book “Collective Disruption”), was interviewed recently by IdeaConnection’s Paul Arnold. (By way of shameless self-promotion, here … Continue reading →

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