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Guide Open Innovation Solutions en

This document discusses different options for companies to pursue open innovation when they need to source ideas externally. It outlines three families of approaches - traditional DIY methods, consulting, and new platform-based options. Traditional methods include suggestion boxes, crowdsourcing, and scouting teams tapping internal/external crowds, while consulting involves hiring external experts. Platform-based options access larger networks through social media and dedicated innovation platforms. While no single option fits all cases, the document provides a decision tree to help companies consider their budget, timeline, and source of ideas/solutions needed to determine the best open innovation approach.

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84 views7 pages

Guide Open Innovation Solutions en

This document discusses different options for companies to pursue open innovation when they need to source ideas externally. It outlines three families of approaches - traditional DIY methods, consulting, and new platform-based options. Traditional methods include suggestion boxes, crowdsourcing, and scouting teams tapping internal/external crowds, while consulting involves hiring external experts. Platform-based options access larger networks through social media and dedicated innovation platforms. While no single option fits all cases, the document provides a decision tree to help companies consider their budget, timeline, and source of ideas/solutions needed to determine the best open innovation approach.

Uploaded by

Profe Andres UCV
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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THE OPEN

INNOVATION OPTIONS
The ‘Comparison Guide’
Going external - How to choose the best
Open Innovation option for your company ?
GOING EXTERNAL ,
YES BUT HOW ?

When no answer to a question can be found


internally, when going external is the best way
forward, what are the best options to find an
external solution ?

Should the market


intelligence or the Maybe an external
scouting teams (if they consultant would be
exist) be in charge ? more effective ?

Should the project


What about Open
manager be sent to
Innovation platforms ?
conferences ?

Maybe Google the


best way forward ?
Is Linkedin an option ?
GOING EXTERNAL ,
THE OPTIONS

Families
3 families of approaches
and 2 main sources of of approaches
ideas, here is the list of
options to be considered : Traditional New

DIY Consulting Platform

Suggestion boxes Challenge-based Internal / external


Crowd Contact forms consulting Crowdsourcing
Source platforms
Social networks
of Ideas
Scouting teams Tech Consultants ideXlab-like approach
Tech tours
Experts Participation to
events
Intelligence teams
Google
…
EXAMPLES
Many companies out there can provide
tools and solutions to this Open
Innovation problem.
Families
of approaches

Traditional New

DIY Consulting Platform

Crowd
Source
of Ideas

Experts
NO IDEAL OPTION ,
THE PROS / CONS ANALYSIS
However, no one-fits-all
solution exists ; cost and speed
considerations are important to
pick the best option.

Families
of approaches

Traditional New

DIY Consulting Platform


+ Service + Cost
+ Collective Intelligence + Collective Intelligence
+ No external cost - Cost - Time consuming
Crowd - Time - Time ? (hidden cost)
Source - Random results - No competency
building
- Random results
- Best suited to simple

of Ideas
problems

+ No external cost + Service + external view + Cost & Speed


+ Competency building + Depth + Reach & Depth
Experts - Time ? + Cost !! + Competency building
- Results ? - Time ? - Requires training
- No competency - Requires an Open Innovation
building mindset
THE DECISION TREE TO OPEN
INNOVATION OPTIONS
This is our proposal to clarify the decision process.

Question in need
of external input

+ No external cost
No + Competency building
Need help ? DIY - Time ?
- Results ?

Yes
+ Service + external view
+ Depth
No - Cost !!
Limited budget Hire Consultants - Time ?
- No competency
building
Yes
+ Cost
+ Collective Intelligence
Cost & Speed + No - Time consuming
Reach & Depth + Time critical ? Crowdsourcing (hidden cost)
Competency building + - Random results
Requires training - - Best suited to simple
Requires an Open Innovation mindset- problems
Yes
(-Like)
CONCLUSION

When going external, there is no one-fits-all solution

However, two key factors influence the choice Ultimately, cost and timing constraints are decisive
of the best option : to pick the best option.
- The source of ideas / solutions (crowd or But using platforms-based approaches attracts a
expert). growing interest
- The approach : DIY, outsourcing or platform - They present cost, speed and reach advantages
based.
- They require a new (open) mindset and new skills
acquisition

Want to find out more ?


Or to start experimenting
a platform-based approach ?

Try for free Contact Us


the ideXlab platform

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