Archive for September, 2011

Open Innovation is Here to Stay

Open innovation has been used by organizations,including companies, on the vanguard for several decades. The antecedents are large manufacturers that have historically relied on their trusted vendors, then efforts followed that enabled supplier-customer partnerships involving shared privileged data, development plans and goals, to morphing in the current state into a committed reliance on these outside organizations to help in the brainstorming to development steps all along the pipeline to commercial launch. 

The use of human capital outside the organization has been found to actually reduce the risks of hiring ineffective internal resources. Outside resources with proven accomplishments can effectively close gaps in innovation potential and contribute to commercialization often limited by internal resources.

By incorporating the skills of the human resources or strategic planning department in your organization, a framework of complementary talent pools in and outside the organization can be developed to streamline commercialization efforts.