Open Innovation at Nestle – Establishing an extended innovation ecosystem

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In a world of distributed knowledge and expertise, it’s clear that open innovation has clear advantage across the value chain. This essay discussed the challenges of traditional in-house innovation model and why it is important for Nestle to use open innovation model. Then it introduced several milestone initiatives Nestle has taken to apply Open Innovation and gave two recommendations for the management team to further consider.

John Lewis: A better way of doing business?

The UK’s leading retailer is owned not by outside shareholders but by its employees. The result? A company that maximises ‘happiness’ for its employees, is experiencing record levels of sales and has been voted the ‘UK’s favourite retailer’ for the fourth consecutive year.