In a fast-changing world with huge challenges innovative speed is crucial
A clear focus on the anticipated solution is often the point of departure for driving an innovation strategy
Open innovation means finding others with exactly those skills, market knowledge or technology that can help to move the project forward
Instead of the solid walls of the traditional development funnel, the open innovation funnel has permeable walls, information and ideas flow in and out
There are lots of ways to accelerate innovation through this open mindset. For instance, by collaborative research with universities, scientific institutes, suppliers, customers and even peer companies
The benefits: 1. A greater chance of success 2. It all happens much faster