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Open Innovation Meets Social Media

UPDATE: Open Innovation Meets Social Media - Sept 2011

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Page 1: UPDATE: Open Innovation Meets Social Media - Sept 2011

Open Innovation Meets Social Media

Page 2: UPDATE: Open Innovation Meets Social Media - Sept 2011

INGENUITY Don’t just get a leg up on the competition, get ‘em both up.

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Interaction and involvement are key elements for open innovation as well as social media.

Companies need to build strong capabilities on this intersection if they want to out-innovate their competitors.

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#1 Better understanding of markets, technology and trends

#2 Better access to new, potential external partners!

#3 Improved mindset, skills for employees!

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Credit: OVO Innovation

Directive, invitational Directive, participative

Suggestive, invitational Suggestive, participative

Instructions

Invitations

Directed

None

Relatively few “Everyone”

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80/20 to 50/50 in 3 years

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“We are in the match-making business”

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Social Graph - Relationships between individuals online

Interest Graph - Expansion and contraction of social networks around interests and events

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7024

44 69

62

839

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#1 Seed now to reap future benefits!

#2 It’s a people thing!

#3 It happens everywhere!

#4 Be practical!

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Researchers

Speakers

Networkers Writers Digital natives

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Get insights, become an influencer

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Do business intelligence and become an influencer Identify people for the interest graph

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A platform for sharing - and learning

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Let’s stay in touch!

www.15inno.com 15inno by Stefan Lindegaard at LinkedIn Groups [email protected] Twitter: @lindegaard Google+: Stefan Lindegaard