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'