Tag Archives: Open Innovation Tools

Crowdsourcing: An Innovation Tool to Overcome the Limits of Remote Work

(A version of this article was originally posted to the Qmarkets blog) The unprecedented shock caused by the COVID-19 pandemic has forced many organizations to change the ways they do business. Almost every business operation has been affected: from the … Continue reading

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What Will Crowdsourcing Look Like in 10 Years?

(This piece was originally posted to the HeroX blog) There is a popular joke (attributed to Niels Bohr): “It is difficult to make predictions, especially about the future.” And at times of uncertainty that we’re all living through, predicting the future … Continue reading

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Crowdsourcing: Going Above and Beyond Consumer Products

(This piece was originally posted to the HeroX blog) In the past few years, crowdsourcing has finally come of age as a powerful open innovation tool allowing organizations – including corporations, government agencies, and non-profits – to use external crowds to … Continue reading

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Five Barriers to Adopting Open Innovation and How to Overcome Them

(This piece was originally posted to the HeroX blog) A friend of mine, an innovation consultant, likes to joke: “Innovation is simple…but not easy.” The same can be said about open innovation. Henry Chesbrough, who introduced the concept of open innovation … Continue reading

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Does the Term “Closed Innovation” Still Have Meaning?

(This piece was originally posted to the HeroX blog) Remember the famed Bell Labs, once a powerful R&D center for the telecommunication equipment company Lucent Technologies (acquired by Nokia in 2016)? Bell Labs’ researchers are credited with the development of radio … Continue reading

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The Role of Diversity in Innovation

(This piece was originally posted to the HeroX blog) Can labor laws affect innovation? To many people, this question may sound nonsensical. Why would such a boring thing like labor law have anything to do with an exciting act of creating … Continue reading

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Innovating With Competitors

(This piece was originally posted to the HeroX blog) With the waves of disruption rocking every corner of the global economy – dethroning powerful incumbents while skyrocketing to fame brazen startups – innovation isn’t a luxury anymore. It’s a means of … Continue reading

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Democratizing Innovation with Crowdsourcing

(This piece was originally posted to the HeroX blog) In 2006, Prize4Life, a Cambridge, MA-based nonprofit organization dedicated to finding the cure for amyotrophic lateral sclerosis (ALS, a.k.a. Lou Gehrig’s Disease) launched a multi-stage crowdsourcing campaign, the ALS Biomarker Grand Challenge. … Continue reading

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United We Innovate

As I wrote on numerous occasions, in recent years crowdsourcing has become a popular topic in academic circles, business publications, and social media. Yet, its acceptance as a practical problem-solving tool has been relatively slow. There are a few reasons … Continue reading

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Don’t blame crowdsourcing for “bad ideas”

As I mentioned a couple of years ago, I try to follow what academic researchers write about crowdsourcing. As a crowdsourcing practitioner, I welcome the clarity, holistic approach, and intellectual vigor academic research brings to the table. On occasion, however, … Continue reading

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