Developing a broad and deep innovation community puts a wonderful resource at your fingertips. Yet tapping into that resource requires more than just cheerleading. Here’s how to bring your community together and work toward a common goal. Know Your Community Start by truly understanding who your innovation community is. For example, perhaps the unifying factor … Continued
The three things I learned about crowdsourced innovation are: Innovation is required to be competitive, creating a concrete innovation system helps firms get ahead, and the hardest aspects of crowdsourced innovation are participation and accountability.
The average number of years a company spends on the Fortune 500 list is dropping. Fifty years ago, a company on the Fortune 500 list could expect to stay there for 33 years, but by 1990, that tenure had shrunk to 20 years. By the year 2026, forecasters expect that the average length of time … Continued
Crowdsourcing is becoming increasingly popular in today’s business world. Defined by the Merriam-Webster dictionary as the practice of obtaining needed services, ideas, or content by soliciting contributions from a large group of people, it clear to see why a company would want to engage in the use. One of the main reasons why crowdsourcing is … Continued
Working together means expanding your definition of “together.” Inclusivity is vital across any organization. But it’s particularly important for innovation, and will only become more so as society goes through new shifts and as your organization changes. Your innovation strategy should reflect it. What Is Inclusivity? Inclusivity, at its most basic, is ensuring your organization’s … Continued
Jessica Day
Calvin Hoang