Open innovation offers several benefits to companies operating on a program of global collaboration: Reduced cost of conducting research and development Potential for improvement in development productivity Incorporation of customers early in the development process Increase in accuracy for market research and customer targeting Potential for synergism between internal and external innovations Potential for viral marketing  Disadvantages[ edit ] Implementing a model of open innovation is naturally associated with a number of risks and challenges, including: Possibility of revealing information not intended for sharing Potential for the hosting organization to lose their competitive advantage as a consequence of revealing intellectual property Increased complexity of controlling innovation and regulating how contributors affect a project Devising a means to properly identify and incorporate external innovation Realigning innovation strategies to extend beyond the firm in order to maximize the return from external innovation   Government driven[ edit ] In the UK the Knowledge Transfer Partnerships KTP is a funding mechanism encouraging the partnership between a firm and a knowledge-based partner.
I think as open innovation moves from the labs and research centres then OI will be one of the ways for a shift in thinking to take place, not just with the outside world but within the inside organization for a number of reasons.
Critical needs of open innovation are the trust, the behaviors and the relationships that need to be at the forefront of thinking when you engage in more opening up to fresh avenues of innovation thinking.
I think this changing mindset of how to Distripute innovation within will permeate throughout the organization more and more as these often dormant but available skills get put into practice more. How can we influence leadership in everyday contexts?
As a starting point to distribute innovation we need to reset the innovation mindset. Formally appointed managers will never achieve without gaining the respect of the people around them, which is simply a common fact of life! We still have incredible difficulty learning this in many organizations.
It does seem a more distributed leadership structure built on individuals who have strength to influence others is more likely to succeed- the respect of your peers has greater power than impose and control.
It can flatten the organization structure. The flat lattice organization is a start.
They work on achieving respect throughout the organisation based on a fascinating set of disciplines NOT rules and hierarchy. If we feel our contribution is valued this becomes a powerful motivator not just to turn up for work, but to engage in new productive work.
What is changing constantly around us in this distributed innovation need and we need to put a better system in place to capture distributed knowledge. We need to capture these. This requires front line effort and capital but by distributing the task, you have the chance of a greater knowledge flow.
In a world of changing knowledge we need to recognise that educating and informing our people and our network of what we are doing will lead to contribution, to the capture of knowledge and reveal the skills dormant in us all to indentify productive knowledge.
How can we turn knowledge into innovation potential? These are human dimensions we need to encourage by distributing the tools and clarity of purpose to those within our company to ramp up the innovation pay-offs increasingly expected.
Distributed innovation needs to cultivate Absorptive behavior and allow it to flow. We need a system to capture and allow knowledge to flow. For me the adoption model seems to be one worth investigating. If we want to achieve the goal of distributed innovation we need to have in place this possible framework.
The report argues in a place with a strong absorptive capacity three main outputs subsequently result from the flow of external or distributed knowledge: Innovation by adapting the adoption model within your distributed innovation needs.
If we agree that most innovations happen outside often self-imposed boundaries then we have to extend to all our boundaries and beyond.In distributed innovation, a problem is divided into many tasks, each of which is solved by one or more experts, which communicate with each other by message passing.
The experts interact with each other in order to achieve a common goal. Distributed Innovation is deﬁned by network dependence and is made possible by all of the aspects mentioned above.
In DI, ﬁrms depend on other ﬁrms in their network for success.
Strategy consulting and advisory dedicated to growth and innovation in the evolving global energy and infrastructure industry, distributed energy and storage. Distributed innovation systems are an approach to organizing for innovation that seems to meet the challenge of accessing knowledge that resides outside the boundaries of any one organization.
|Author Abstract||Distributed Innovation — Saugatuck Research: Share Crowdsourcing Innovation Programs Cloud technology has made it easy to scale apps and infrastructure, but scaling technical talent is still a bottleneck to growth and innovation.|
|Disruptive Innovation Definition | Investopedia||Christensen and introduced in his article Disruptive Technologies:|
|Christensen and introduced in his article Disruptive Technologies: Catching the Wave,  which he cowrote with Joseph Bower.|
We provide an overview of distributed innovation systems that are achieving success in . Distributed innovation also refers to the use of distributed experts to solve computational problems. In distributed innovation, a problem is divided into many tasks, each of which is solved by one or more experts, which communicate with each other by message passing.
Open innovation is a term used to promote an information age mindset toward innovation that runs counter to the secrecy and silo mentality of traditional corporate research labs.