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What’s the Difference Between Open vs. Closed Innovation?

There is a multitude of approaches to innovation management. One key factor, however, is “open” innovation versus “closed” innovation. While the names are slightly misleading, they're important to understand as you approach your change management strategy. Looking to explore open

IdeaScale Podcast – NSW Health Pathology

In the best of times, New South Wales (NSW) Health Pathology, a statewide clinical service, has a complex mission. Formed in 2014, the department supports the critically ill, protects public health, analyzes health data, and supports the state across a

Bed, Bath & Beyond Announces $1 Billion Innovation Strategy

Leading home goods retailer Bed, Bath & Beyond is upping the innovation game by launching an omnichannel transformation to drive sales. As part of a new three-year strategy, the $1 billion to $1.5 billion investment is designed to drive growth and increase

Building a Culture of Value Creation

Innovation cultures are essential in the workplace. They help sustain innovation and improve outcomes. Building value is one of the best methods for ensuring future success. Establish innovation behaviors and norms that create a communicative environment rich in imagination and

What Is the Cost of Ignoring Change Management?

Change is necessary for innovation to occur. If managed well, it is effective, but if managed incorrectly, it can be worse than no change at all. Change management requires a well-developed strategy. Failing to create one can result in high

What the U.S. Treasury is Learning from Its Blockchain Projects

Government innovation needs a different path and approach than in the private sector. It's something the Office of Financial Innovation and Transformation (FIT), in the Treasury Department's Fiscal Service Bureau, knows well. As they begin working to implement their first blockchain