Tag Archives: Open Innovation

Five Barriers to Adopting Open Innovation and How to Overcome Them

Posted on August 23, 2020 by Eugene Ivanov

(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?

Posted on August 19, 2020 by Eugene Ivanov

(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

Posted on August 13, 2020 by Eugene Ivanov

(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

Posted on July 24, 2020 by Eugene Ivanov

(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

Posted on July 16, 2020 by Eugene Ivanov

(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

Posted on February 15, 2020 by Eugene Ivanov

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”

Posted on December 31, 2019 by Eugene Ivanov

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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What Can Crowds Do?

Posted on December 7, 2019 by Eugene Ivanov

Since the 2004 publication of James Surowiecki’s highly influential book, The Wisdom of Crowds, the idea that large groups of people are smarter than a few individuals, no matter how brilliant, has been gradually gaining prominence in academic circles, business … Continue reading →

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Being an expert: traveling the same road again and again

Posted on November 24, 2019 by Eugene Ivanov

There are several reasons for the slow adoption of crowdsourcing as a practical problem-solving tool. One of them is the lack of trust in the intellectual power of the crowd, its ability to tackle complex problems. Almost everyone would agree … Continue reading →

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Crowdsourcing: two approaches, two objectives

Posted on November 13, 2019 by Eugene Ivanov

In my previous post, I reminded the original definition of crowdsourcing by Jeff Howe: “the act of taking a job traditionally performed by a designated agent (usually an employee) and outsourcing it to an undefined, generally large group of people … Continue reading →

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