While launching an open-innovation challenge is a fantastic idea, launching a successful one is not always that easy. There are numerous pitfalls to avoid and this initiative can easily turn into a bad buzz.
Originally written in French by Olivia Mazon. Translated by Hannah-Mei Grisley. In a marketing environment full of strategies, skills and consumer needs, we should ask ourselves where open innovation fits in big businesses’ marketing strategies. Reflecting on the global final of an innovation challenge organized by one of the biggest French cosmetic brands, it’s now
This month, three global banks opened up their own innovation labs in Singapore. The fact that Bank of China, Australian Westpac and Deutsche Bank have all opened innovation labs in Asia demonstrates the shift in mentality for larger corporates and institutions towards innovation and an increasingly common pivot towards the East. Why Singapore? It’s not
After more than 500 challenges organized since the beginning of our adventure, we are always happy to hear that our customers have found more than what they’ve hoped for through their open innovation challenge. Complacency you said? Actually, 3/4 of our clients renew their open innovation challenge. Among them, some success-stories deserve to be told.
It is an incredibly exciting time to be involved in innovation in Asia. In an increasingly connected world, there is a fast-developing community of innovators and entrepreneurs in Asia. According to the 2017 Top 100 Global Innovators report, Asian companies are outperforming the rest of the world in terms of commercializing and creating more impactful
Boosting its digital transformation is the goal of almost every single company on this football called planet earth. If some approaches work better than others, internal open innovation challenges are still at the top of our list. Agility, intrapreneurship, digital acculturation, learning by doing, etc. These words, abruptly said by major companies, are actually quite
First thing first: take a look at the Fortune 500 companies in 1955 v. 2017: only 60 firms (12%) that made the list in 1955 are still on the list in 2017. 88% of the companies have either merged (or were acquired by) another organization, gone bankrupt, or still exist but have fallen from the
“Digital transformation is expected to deliver both operational and financial results within 18 months on average” says Fujitsu’s digital transformation PACT. The biggest drivers of this transformation are the customers by 58%. How can my company start going digital today? Tough one. If 85% of companies are putting a digital strategy together, only 26%
Business games, open innovation challenges, hackathons… How do the most successful companies hire talented people by sourcing innovation? How do you spot the one in a million candidate? Here is the recipe for a fruitful challenge. AIM FOR MILLENNIALS, HIRE THE DIGITAL NATIVES I am a bit tired of hearing “We really should
The talent war is raging on. 83% of recruiters state that recruiting talented people is their top priority for their company. In a labour market that’s undergoing major transformation, the challenges are significant in both number and scope – the increase in the number of ‘passive’ job seekers, reportedly accounting for 75% of employees on LinkedIn, the
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