A company’s success depends on its ability to innovate. Sharing ideas and adopting systematic innovation culture can enhance your capabilities to a great extent. Open innovation in itself gives you an added competitive advantage against your competitors. The abilities of the company to evaluate a solution to a problem greatly depends on its access to knowledgeable resources that can help you make the innovation effective and efficient.

First things first, you have to identify the need of your customers, learn more about their problems, pain points and then analyze what benefits an innovation should deliver to make a difference. Precise information on the customers can increase the effectiveness of the innovation process. It will also help in delivering a tailored innovation according to the customer requirements.

Adopting Open Innovation.
Open innovation process

The integration of Open Innovation broadens the search by looking for solutions in the outside world. External partners are approached and the process of acquiring the knowledge from the partners is different from traditional solver coordination. The problem should be broadcasted in public to receive a network of solvers who can collaborate on solving a problem. You can focus on external technology providers in order to acquire solution knowledge.(Well that’s how Ideapoke works !)

Evaluating Open Innovation readiness

The organizational structure makes it difficult to adopt the external ideas within the organization. Involving external solvers makes the management affair more complex.
The most important task of the internal team is to embrace external ideas and use them to the organization’s advantage. If the company does not absorb the external knowledge and ideas, Open innovation can become just another cost driver.

Open Innovation readiness audit

Perform an open innovation audit including an assessment of organizational skills to the opening of innovation processes. The audit includes the criteria “Organizational readiness” such as cultural openness, dynamic adaptability, “the ability to cooperate,” such as Inside-out and outside-in collaboration and “knowledge absorption”, i.e. identification, assimilation, transformation and exploitation of knowledge.

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