Grupo Aval: Utilizing open innovation to build a new business model
Grupo Aval, the largest financial group of Colombia, is using open innovation to counter emerging fintech competition.
open innovation
Exploring the Future of Beauty Through Open Innovation and Co-Creation at L’Oréal
Can L'Oreal use open innovation programs to co-create its way to the future of beauty consumer retail?
Crowdsourcing a Pharma Breakthrough: Lilly’s Open Innovation Drug Discovery Program
Given increasingly costly (and decreasingly effective) Research and Development in the pharmaceutical industry, can Lilly crowdsource innovation using its Open Innovation Drug Discovery (OIDD) Program?
Goldman Sachs: Is a dedicated App Store the Future of Retail Banking?
As traditional retail banks catch up to Goldman Sachs’ success with online savings bank Marcus, public open innovation facilitated by a dedicated App Store could build upon Goldman's internal innovation to unlock the next generation of retail banking.
Is Sony INNOVATING enough to create the next Walkman?
From being perceived a GHOST in 2012 to one of the most underappreciated TURNAROUNDS by 2017, SONY has come a long way! But, is it really INNOVATING? Will we ever see the next Walkman-like revolutionary product from SONY?
Speeding the Drug Discovery Pipeline with Open Innovation
Can open innovation speed the drug discovery pipeline?
From Housing Marketplace To Lifestyle Platform. How Airbnb’s Democratized Innovation System Influences Its Product Strategy
Airbnb’s democratized innovation marketplace and external communities of hosts and guests has helped it to direct its product strategy over its 10-year history. In this piece, the author explores how the tech unicorn has utilized its distributed knowledge to develop a platform designed to withstand competitive pressures and sustainably grow its business.
Glossier: Changing the Face of the Beauty Industry by Crowdsourcing the Magic Formula
Glossier became the “first socially driven brand” by crowdsourcing innovation and soliciting real-time feedback from its millennial cult-following [1].
Open Innovation Driving Growth at Alibaba
As Alibaba Group grows domestically and internationally, the company needs to combine internal and external intelligence to enhance both industry knowledge and technological capabilities. How is the company leveraging open innovation? Would you be willing to become a part of it?
Solving the Opioid Crisis through Crowdsourcing Contests: HHS’s Opioid Code-a-Thon
Why did the Department of Health and Human Services host a two-day Code-A-Thon focused on the opioid crisis? What role does crowdsourcing play in government agencies?