Open Innovation and Digitalization

EP1: Open Innovation and Digitalization


Last week, Aurelia already gave you some insight on this series
and open innovation, but today we will dig a little bit deeper
into the topic on digitalization itself and I will explain to
you how digitalization can be used to drive open
innovation.


We will give you some advice on how open innovation can help to
drive the transformation.


Open Innovation: accessing external knowledge to find
solutions for pressing problems. In a business context open
innovation means to use inflows and outflows of knowledge to
accelerate internal innovation. As a consequence the
organization's boundaries become permeable, what allows to
combine the company resources with the external co-operators. For
example you can get access to important knowledge though experts.
Moreover, companies can reduce costs and bring innovations to
market more quickly.


How can open innovation help to support digital
transformations? The explanation is based on these four key
elements.


1.  Determine your strategy


2.  Developing the organisational culture





3.  Developing the right mindset





4.  Empowering your employees 



Further Links:




Open Innovation Tool: Adobe Kickbox


This episode was based on the blogpost from Tatjana Juskov;
October 13th, 2020: How to Use Digital Transformation to
Drive Open Innovation which was originally posted on a blog
of the RMIT University in collaboration with Geoffrey Mann. Here
is the link to the original publication*


*Engelsberger, A., Juskov T. and Mann, G. (2020), 'How to Use
Digital Transformation to Drive Open Innovation'