hasansaidinmitpm2010
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MITPM 2010
“It’s no longer individuals toiling in a laboratory, coming up with some great invention. It’s not an individual. It’s individuals. It’s multidisciplinary.
It’s global. It’s collaborative.”Sam Palmisano, Chair, President and CEO, IBM
Open Innovation
Innovation is the novel application of shared knowledge and resources to add
social or economic value
MITPM 2010
Collaborative Innovation
Collaborative innovation – not just about transactions but about relationships
MITPM 2010
Strategic Use
• Identify collaborative and convergent linkages
• Open up new channels to market
• Scout for new and emerging technologies
• Fresh perspective to evaluate capabilities and define problems
• Keep tabs on competitor efforts
• Tap into extensive InnovationXchange network
MITPM 2010
Client Range
Academic Institutions
Research Organisations
Large Corporations
SMEs
Government Bodies
MITPM 2010
Example Success: Dept of Transport & La Trobe U.
Intelligent Transport System to Improve SafetyAUD 4million project; 2 years to set up
Culture
Communication
Timelines
Motivations
Trust
Leadership
MITPM 2010
Success Factors
Senior ManagementOn board and
supportive
LeadershipKey to push forward
MITPM 2010
Success Factors
CoherenceOverall innovation
goals
UnderstandingInternal capabilities
MITPM 2010
Success Factors
Knowledge ManagementReduce duplication
ProcessesDealing with information
MITPM 2010
Success Factors
FlexibleAct on information
ProcessLegal
MITPM 2010
Success Factors
FinancesValuing knowledge
IntermediationImpartial
MITPM 2010
Success Factors
MINDSET
MITPM 2010
SMEs – Limitations
Limited
Time
Resources
ManpowerOverload
MITPM 2010
SMEs – Strengths
Strong
Flexible
Platform Technology
Quick decisions
Area knowledge
MITPM 2010
Summary
Utilize open innovation to propel your business forward
