Transformation through Open Innovation
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This document discusses how open innovation can help companies transform in today's digital world. It notes that 52% of Fortune 500 companies have disappeared since 2000 as the world changes rapidly. The document advocates that companies tap into ideas from a wide network of innovators through various modes of open innovation like partnerships, contests, and online communities. It provides examples of how different organizations have successfully launched open innovation programs to source ideas from startups, students, and other external innovators. The key message is that open innovation can help companies access more and better ideas to stay relevant in a fast-changing business environment.
Transformation through Open Innovation
- 1. Corporate Transformation through Open Innovation
- 2. The world is not changing. The world has changed!
- 3. Pitch Deck Being Disrupted by Digital 52% of the Fortune 500 have disappeared since 2000 30% of revenues of large companies will be generated from Digital in the next 2 years 67% of the CEOS from top 2000 global enterprise placed digital transformation at the center of their strategy
- 7. « We didn’t do anything wrong, but somehow, we lost. » Stephen Elop – former Nokia CEO
- 8. Where you see a problem, the others see a solution We are stronger together to find the right solutions . Communicate and the solutions will come to you THE POWER OF OPEN INNOVATION Tap into an almost unlimited number of ideas
- 9. COMPANIES WANT TO INNOVATE. COMMUNICATE. RECRUIT. INNOVATORS WANT TO BE NOTICED. BE CHALLENGED. BUILD PARTNERSHIPS. THE MISSING LINK
- 10. 5 million talented innovators 250+ Leading Corporations
- 11. How to kick-start your Open Innovation Strategy
- 12. PREPARE YOUR ORGANIZATION FOR COLLABORATION CULTURE PEOPLE RESOURCES
- 13. START WITH WHY COMMUNICATE INNOVATERECRUIT
- 14. 1,000,000 IT PROFILES 300,000 STARTUPS 800,000 EMPLOYEES 3,000,000 STUDENTS CONTINUE WITH « WHO » CONTINUE WITH WHO
- 15. Strategic Partnership A bilateral relationship used when projects are ill-structured and complex but relate to well-known technological solution areas. Mode 2 Open Innovation Platform / Contest A competition used when a problem requires access to the “long tail” of solution knowledge Mode 3 Traditional IP Contract A market transaction typically used when a single owner controls a needed specific technology Mode 1 Open Innovation Community A collaboration among different parties used when joint problem solving is required Mode 4 Modes of Open Innovation ONLINE MODELS OFFLINE MODELS PROBLEM COMPLEXITY HIGH HIDDENNESSOFKNOWLEDGE HIGH HOW? 4 MODES OF DOING OPEN INNOVATION LOW SOURCE: Accenture
- 16. üMORE PARTICIPANTS üMORE TIME üMORE QUALITY üMATCHMAKING MORE RELEVANT üNO GEOGRAPHICAL LIMIT FROM OFFLINE TO ONLINE BRINGING THE CONCEPT TO THE NEXT LEVEL ü48H HACKATHON üIDEA BOX üWORKSHOPS üINNOVATION LABS
- 17. TURN A GOOD IDEA INTO REALITY Ideation / Sourcing Teams are created online and first ideas are submitted 01 Mentoring / Deepening Selected teams are mentored by company 02 Start of the Challenge Online Vote
- 18. Pitch & Awards Ceremony Final & Oral 03 What’s next? Online Vote Collaboration / POCsRecruitementInvestment / Funding
- 19. Calling all green-tech and social-tech startups from HK 50+ startups applying 5 Successful Incubations
- 20. Rethink the Customer Relationship in a New Era of Digital Financial Services in Asia 98+ startups from 13 countries 5 Successful Collaborations in India, South Korea, Japan and Taiwan
- 21. Invent the profesional salon of the future 25,000 students from 60 countries 100+ new hires
- 22. Online program for young female leaders 600+ students from HK top universities 5 finalists joined the Microsoft Graduate Program
- 23. ALWAYS LOOK AT YOUR COMPETITORS TO NOT FINISH LIKE NOKIA
- 24. WHAT ARE YOU WAITING FOR?
- 25. Mathieu Toulemonde | CEO Agorize Asia | mathieu@agorize.com
- 26. STARTUPS REWARDS – IN KIND
- 27. STARTUPS REWARDS – MONETARY