Archive for open innovation

The innovation capability of SMEs…

Posted in crowdsourcing, open innovation, Risk Management, Risk Management for Crowdsourcing with tags , , , , , , , on 2010/04/15 by liamaral

How can people, IT tools, structure, culture, and power be connected in order to leverage collective abilities for applying available knowledge to solve problems and search for opportunities (organizational intelligence), accommodating new experience (organizational learning), and producing new ideas and things (organizational creativity) so that the group of organizational members can effectively contribute to the organizational well-being? You could answer some questions like  these  visiting the KMOWL web site.

KMOWL is a Special Interest Group in Knowledge Management that carries out interdisciplinary Research and Development projects as well as Education projects, with the aim of developing systematic and comprehensive approaches to the organizational process of knowledge management. These approaches are to built upon the theoretical and methodological tools developed in scientific fields such as sociology, psychology, management, cognitive scieces, neuroscience and information systems.

That’s right that open innovation refers to the ability of firms to open themselves up to external networks and relationships in order to gain the full potential of their investments in innovation. How  creating an open innovation action system and managing innovative projects… maybe the answef for this question is an open innovation business ecosystem…

In this context, prof. PhD Isabel Ramos is cordinating and improving a research crowdsourcing  innovation group, that aims to promote the innovation capability of SMEs and economic value of knowledge and creativity of high qualified individuals and small research teams. That´s a open innovation business ecosystem!

A business ecosystem is an economic community crossing many industries working together (cooperatively)  and competitively in production, innovative customer service and innovation process.

But we know that crowdsourcing innovation need to be tailored and controlled in all steps.and we think that since platforms are repositories of knowledge, potential contributors need access to build their own business model and value proposition.

Advised by Prof Isabel, Cândida Elisa a PhD Student is researching about knowledge repositories for crowdsourcing innovation. 

A knowledge repository is a system that supports all kind of data, from a variety of heterogeneous sources, such as structured data […] The main functions of a knowledge repository are the capture, storage, maintenance and retrieval of knowledge from all the available sources. These functions must include both the capabilities for assimilating knowledge from outside (such as competitive intelligence systems acquiring information about other companies in the same industry) and capabilities for creating new knowledge from the reinterpretation and reformulation of existing and newly acquired information”. (Cândida Elisa, 2008) .

In this era, generically known as the information age, there is a dramatically need for changing the way companies access information. The Web 2.0 collaborative society, supporting new ways of accessing, exchanging and promoting information, may transform its workers, the knowledge workers, in the basis of a sustainable platform organizations may use to get competitive advantages and innovate.  We believe that the management of organizational memory, sustained in its three forms of intellectual capital is, therefore, essential and, up to the moment, difficult to achieve, as no significant and practical results were produced to improve it.  Luis Mourão, another PhD Student advised by Prof. Isabel Ramos is improving a research project that aims to develop a systemic approach to allow the diagnose and intervention in organizational memory, seen as a dynamic system, gathering all its components into a useful model capable to provide the knowledge about the distributed capacity an organization has to capture and mobilize knowledge serving as the base to the development of a diagnostic and intervention model in organizational memory, as well as the construction of a prototype to support the monitoring of organizational memory evolution.

  • What are the risks associated with crowdsourcing innovation brokering, both internal to an organization or externally available by brokering businesses? What should be risk management model for crowdsourcing  innovation? What kind of information system should be defined to effectively support the management of risks associated with crowdsourcing innovation?

My PhD research is focused on producing a methodology to manage risks associated with crowdsourcing innovation, delivered by internal or external brokers, and on defining the functional and informational requirements of an information system to support risk management to empower managers preventing and / or mitigating the materialization of risks in   innovation brokering services specialized in the innovation needs of technology based firms.

CALL FOR CHAPTERS New!!!!

Posted in crowdsourcing, open innovation, Risk Management, Risk Management for Crowdsourcing with tags , , on 2010/04/14 by liamaral
Proposals Submission Deadline: 4/30/2010
A book edited by Dr. Hakikur Rahman and Dr. Isabel Ramos, University of Minho, Portugal

Introduction

Recent years have seen a paradigm shift in operational and managment aspectos of successful entrepreneurship and value addition within an enterprise….Innovation has been transformed into open innovation, in terms of products, processes and services. Innovations has been transformed into open innovation rather then closed innovation, which seems more traditional. Small and medium enterprises SMEs play a critical role in this transformation of innovation strategies for business promotion, value gain and economic empowerment of a country……. see more

Publisher
This book is scheduled to be published by IGI Global (formerly Idea Group Inc.), publisher of the “Information Science Reference” (formerly Idea Group Reference), “Medical Information Science Reference,” and “IGI Publishing” imprints. For additional information regarding the publisher, please visit http://www.igi-global.com. This publication is anticipated to be released in 2011.

Important Dates:
April 30, 2010: Proposal Submission Deadline
May 15, 2010: Notification of Acceptance
August 30, 2010: Full Chapter Submission
September 30, 2010: Review Result Returned
November 30, 2010:
Final Chapter

Crowdsourcing by Jeff Howe

Posted in open innovation with tags , on 2009/04/28 by liamaral

Crowdsourcing has already had a huge impact on big or small companies. This is a great video by Jeff Howe speaking us about crowdsourcing strategy.

Risk and Crowdsourcing Innovation

Posted in crowdsourcing, open innovation, Risk Management, Risk Management for Crowdsourcing with tags , , , on 2009/04/28 by liamaral

It is very important for managers identify the risks associated with projects and integration of project results, new processes or technologies, in the business model of the company or group of companies. Risk and uncertainty are inherent in innovation activities where objectives are path generation, i.e. breaking away from path dependencies to create new markets with pioneering technologies (Ahuja, et al., 2001). The risk management process includes the stages of defining management policies, procedures, monitoring practices of the risk life-cycle and of the tasks required to mitigate the risk. The monitoring of the risk’s life-cycle includes establishing the context, identifying, analyzing, evaluating, treating, monitoring and reviewing the risk.

 

 

Doing literature review – I

Posted in open innovation with tags , on 2009/04/08 by liamaral

Students have questions about the best strategy to adopt to make a good review of the literature to support their research. So I will describe about my own literature review strategy.

For this research we have mainly chosen to focus on research work that explicitly use the terms open innovation, crowdsourcing and risk management in the title, abstract, topics or keywords. We have also restricted our search to the social sciences, which in the searched databases also includes technology and engineering. Also we have not included industry reports or editorial material. First, we perform an in-depth review of Open Innovation (OI) papers published in quoted scientific journals. We searched the two major databases of management journals and an additional innovation journal not covered by the databases: ISI Web of Knowledge database (Social Sciences Citation Index-SSCI) and Scopus Database, complemented by Scholar Google Current Contents as database.

Since Open Innovation and crowdsourcing concepts are recent, we chose to perform an exhaustive review of the scientific papers published in quoted journals since 2000. Thus, we looked in SSCI and Scopus for any paper containing the following expressions in Social Sciences database, in title, abstract, topic or keywords: open innovation, external innovation, innovation licensing, technology licensing, technology in-licensing, technology out-licensing and crowdsourcing. Then we repeated the same procedures for keywords related to risk management and innovation or risk management and personal values. There are, of course, many researchers that investigate issues closely related to these subjects without using these terms, so we come to their articles through the citations made in the texts obtained by the search engine above and asking for others titles to my thesis supervisors. We have found 58 records for the first search keywords, including 14 book reviews and three proceedings papers , and 3 articles for the keywords “risk management and innovation”. There weren´t any records for the keywords “risk management and personal values”.

Furthermore, a search for books with “open innovation” and “risk management and innovation” in the title was made on the site of Amazon.com to identify books published in the field.  We found 20 books about open innovation, including one book review and some short books, and two other books about risk management and innovation (one of them written in German). All books are included in the literature overview.

Using the current method we have a comprehensive analysis of the journal articles published in the databases in the specified time period and about their content. Papers in trade journals and in journals that only refer to original papers were removed. Editorial material was also removed. Book reviews have been listed but are not included in the literature analysis.

I hope that the report of my strategy  may be useful to your future works.

What is crowdsourcing innovation

Posted in open innovation with tags , on 2009/04/08 by liamaral

The term crowdsourcing was coined by Jeff Howe and Mark Robinson in June 2006 issue of Wired magazine (Howe, 2006) , it describes a new web-based business model that harnesses the creative solutions of a distributed network of individuals through what amounts to an open call for proposals. In other words, a company posts a problem by an open call and a vast number of individuals offer solutions to the problem. The winning ideas are awarded some form of a bounty and the company mass produces the idea for its own gain. This strategy can be applied in two ways: (1) by internally identifying business problems and needs for innovation felt by individuals, teams and organizational units (seekers) that are then made available to a community of internal and external specialists motivated to provide their knowledge and skills to address those problems. In doing so brings, employees of the company can improve their internal visibility and be empowered in decision processes across the company; (2) by placing the company’s innovation challenges to a brokering service that can find the right people to present the solutions (solvers).

How to manage risks in crowdsourcing innovation?

Posted in Risk Management for Crowdsourcing with tags , , on 2009/04/07 by liamaral

On my PhD thesis research I will build the theoretical framework that will make possible an enhanced understanding of this complex socio-organizational problem related with risk taken and crowdsourcing innovation.  So the research question will concentrate on each of the following items:

        What risks are associated with the prospect of crowdsourcing  innovation

        What model of risk management to implement based on a model of crowdsourcing  innovation

        What human aspects should be considered and what management style should be adopted

        What kind of technology architecture is most appropriate to implement a risk management model associated to  crowdsourcing innovation