Comments on: An Open Innovation Dilemma http://www.steveshapiro.com/2008/04/30/an-open-innovation-dilemma/ Steve shares his unconventional approach on Business Innovation, Creativity, Goals and Critical Thinking Mon, 26 Jul 2010 14:12:23 +0000 hourly 1 http://wordpress.org/?v=3.0 By: Jan http://www.steveshapiro.com/2008/04/30/an-open-innovation-dilemma/comment-page-1/#comment-36494 Jan Thu, 14 Jan 2010 12:21:04 +0000 http://www.steveshapiro.com/2008/04/30/an-open-innovation-dilemma/#comment-36494 This is the most relevant question with regards to open innovation (or more general: open ideas sharing) approach that we have to face. How to ensure "fair" profit distribution based on collaborative production in a world where the product itself (innovative idea) is interesting because it can help the owner of the idea on competitive markets where the winner takes it all. In other words: innovation should differentiate companies, so that they can be the No. 1 on the market (competitive distribution) - that's why they innovate, but we are struggling with profit distribution among idea creators who must cooperate to create such unique idea (collaborative distribution). This is the most relevant question with regards to open innovation (or more general: open ideas sharing) approach that we have to face.

How to ensure “fair” profit distribution based on collaborative production in a world where the product itself (innovative idea) is interesting because it can help the owner of the idea on competitive markets where the winner takes it all.

In other words: innovation should differentiate companies, so that they can be the No. 1 on the market (competitive distribution) – that’s why they innovate, but we are struggling with profit distribution among idea creators who must cooperate to create such unique idea (collaborative distribution).

]]> By: How To Create a Culture of Innovation | Business Innovation Speaker and Consultant Stephen Shapiro http://www.steveshapiro.com/2008/04/30/an-open-innovation-dilemma/comment-page-1/#comment-35731 How To Create a Culture of Innovation | Business Innovation Speaker and Consultant Stephen Shapiro Mon, 06 Jul 2009 11:43:27 +0000 http://www.steveshapiro.com/2008/04/30/an-open-innovation-dilemma/#comment-35731 [...] solutions for the given challenge.  Depending on the technique you use, you may end up with a low signal to noise ratio.  This is the ratio of a signal (what you want - that is, good ideas) to the noise (what you [...] [...] solutions for the given challenge.  Depending on the technique you use, you may end up with a low signal to noise ratio.  This is the ratio of a signal (what you want – that is, good ideas) to the noise (what you [...]

]]> By: LG Electronics Uses Open Innovation | Business Innovation Speaker and Consultant Stephen Shapiro http://www.steveshapiro.com/2008/04/30/an-open-innovation-dilemma/comment-page-1/#comment-35681 LG Electronics Uses Open Innovation | Business Innovation Speaker and Consultant Stephen Shapiro Tue, 09 Jun 2009 19:46:48 +0000 http://www.steveshapiro.com/2008/04/30/an-open-innovation-dilemma/#comment-35681 [...] previous blog entries, I wrote about how I used Open Innovation to create my new logo and on the challenges I faced in using Open Innovation.  Open Innovation can be used for anything these [...] [...] previous blog entries, I wrote about how I used Open Innovation to create my new logo and on the challenges I faced in using Open Innovation.  Open Innovation can be used for anything these [...]

]]> By: 7 Ways Innovation Can Recession-Proof Your Business | Business Innovation Speaker and Consultant Stephen Shapiro http://www.steveshapiro.com/2008/04/30/an-open-innovation-dilemma/comment-page-1/#comment-35146 7 Ways Innovation Can Recession-Proof Your Business | Business Innovation Speaker and Consultant Stephen Shapiro Thu, 23 Oct 2008 14:04:36 +0000 http://www.steveshapiro.com/2008/04/30/an-open-innovation-dilemma/#comment-35146 [...] 1. Use Open Innovation to Reduce R&D Costs Sometimes it can be less expensive to have others do your innovating for you. Organizations like InnoCentive enable you to define the “value” of a new idea and then post your request to a large community of expert solvers. This moves innovation to a fixed cost (the posting fee and reward) rather than a variable cost (infrastructure, the cost researchers, and other hidden costs). This is a perfect way to reduce costs while growing the business.  Learn about my own Open Innovation experiences…and dilemmas. [...] [...] 1. Use Open Innovation to Reduce R&D Costs Sometimes it can be less expensive to have others do your innovating for you. Organizations like InnoCentive enable you to define the “value” of a new idea and then post your request to a large community of expert solvers. This moves innovation to a fixed cost (the posting fee and reward) rather than a variable cost (infrastructure, the cost researchers, and other hidden costs). This is a perfect way to reduce costs while growing the business.  Learn about my own Open Innovation experiences…and dilemmas. [...]

]]> By: Rita http://www.steveshapiro.com/2008/04/30/an-open-innovation-dilemma/comment-page-1/#comment-34842 Rita Wed, 04 Jun 2008 12:58:25 +0000 http://www.steveshapiro.com/2008/04/30/an-open-innovation-dilemma/#comment-34842 Interesting topic. Just yesterday I was thinking about how lucky I am to be born in the period I am in. I was cooking a steak on the grill, realizing I didn't have to raise or butcher the cow, didn't have to carve the meat. All I had to do was go to the grocery store pay $8.99 a pound and voila! I was ready to eat the meat. Even a century ago this wasn't possible. Just about everything we do is a result of working off the innovations of others. Interesting topic. Just yesterday I was thinking about how lucky I am to be born in the period I am in. I was cooking a steak on the grill, realizing I didn’t have to raise or butcher the cow, didn’t have to carve the meat. All I had to do was go to the grocery store pay $8.99 a pound and voila! I was ready to eat the meat. Even a century ago this wasn’t possible. Just about everything we do is a result of working off the innovations of others.

]]> By: thealphaswarmer http://www.steveshapiro.com/2008/04/30/an-open-innovation-dilemma/comment-page-1/#comment-34821 thealphaswarmer Tue, 06 May 2008 11:06:26 +0000 http://www.steveshapiro.com/2008/04/30/an-open-innovation-dilemma/#comment-34821 Building on Karl Staib's initial suggestion - it might be worthwhile to explore a globally based reputation management system in the face of emerging 'open innovation' based initiatives/models. For example of the logo design - reputation 'points' could be awarded for the 'incremental' value someone puts on the logo by taking a previous design (value added) and to the final winner who synthesizes the designs together can perhaps be awarded some form of bonus points! OFcourse - this is a very simply suggestion and I am sure we would face significant questions such as privileges - but isnt that where the Web 2.0 problem lies? WITH the PRIVLAGE? Perhaps the Web 3.0 designers/pioneers of our kind should think about certain 'transparency' systems that builds reputation! Perhaps something to explore! - thealphaswarmer| mAx Building on Karl Staib’s initial suggestion – it might be worthwhile to explore a globally based reputation management system in the face of emerging ‘open innovation’ based initiatives/models.

For example of the logo design – reputation ‘points’ could be awarded for the ‘incremental’ value someone puts on the logo by taking a previous design (value added) and to the final winner who synthesizes the designs together can perhaps be awarded some form of bonus points!

OFcourse – this is a very simply suggestion and I am sure we would face significant questions such as privileges – but isnt that where the Web 2.0 problem lies? WITH the PRIVLAGE?

Perhaps the Web 3.0 designers/pioneers of our kind should think about certain ‘transparency’ systems that builds reputation!

Perhaps something to explore!

- thealphaswarmer| mAx

]]> By: Stephen Shapiro http://www.steveshapiro.com/2008/04/30/an-open-innovation-dilemma/comment-page-1/#comment-34815 Stephen Shapiro Fri, 02 May 2008 15:06:33 +0000 http://www.steveshapiro.com/2008/04/30/an-open-innovation-dilemma/#comment-34815 Thanks for all of the comments. See the post I just put up today - but wrote the other day. We all have somewhat similar perspectives on ways to do these types of open innovation efforts. Thanks for all of the comments. See the post I just put up today – but wrote the other day. We all have somewhat similar perspectives on ways to do these types of open innovation efforts.

]]> By: An Open Innovation Dilemma Update | Stephen Shapiro on Innovation, Creativity, Goals & Performance http://www.steveshapiro.com/2008/04/30/an-open-innovation-dilemma/comment-page-1/#comment-34814 An Open Innovation Dilemma Update | Stephen Shapiro on Innovation, Creativity, Goals & Performance Fri, 02 May 2008 15:02:16 +0000 http://www.steveshapiro.com/2008/04/30/an-open-innovation-dilemma/#comment-34814 [...] Comments Brendan Dunphy on What Innovators Can Learn From Vegas Card CountersBrendan Dunphy on An Open Innovation DilemmaKarl Staib - Your Work Happiness Matters on An Open Innovation DilemmaMary on An Open Innovation [...] [...] Comments Brendan Dunphy on What Innovators Can Learn From Vegas Card CountersBrendan Dunphy on An Open Innovation DilemmaKarl Staib – Your Work Happiness Matters on An Open Innovation DilemmaMary on An Open Innovation [...]

]]> By: Brendan Dunphy http://www.steveshapiro.com/2008/04/30/an-open-innovation-dilemma/comment-page-1/#comment-34812 Brendan Dunphy Fri, 02 May 2008 08:36:14 +0000 http://www.steveshapiro.com/2008/04/30/an-open-innovation-dilemma/#comment-34812 Great observayions and very relevant questions. Maybe there is an intermediate step required where the original inputs are "blind" i.e. only visible to the client. If the client then wants further refinement they modify the brief and re-submit to the providers along with the ideas they like best? Great observayions and very relevant questions. Maybe there is an intermediate step required where the original inputs are “blind” i.e. only visible to the client. If the client then wants further refinement they modify the brief and re-submit to the providers along with the ideas they like best?

]]> By: Karl Staib - Your Work Happiness Matters http://www.steveshapiro.com/2008/04/30/an-open-innovation-dilemma/comment-page-1/#comment-34811 Karl Staib - Your Work Happiness Matters Fri, 02 May 2008 02:44:42 +0000 http://www.steveshapiro.com/2008/04/30/an-open-innovation-dilemma/#comment-34811 I think that people should share ideas so they can build from each other. Einstein said he stood on the shoulder of giants. I think that these designers can stand on each others shoulders and reach heights that they never thought possible. I don't know what to do about the reward dilemma. Maybe you can reward the few that spurred on a better logo, but didn't win with a small cash reward or a thank you of some sort. I don't know how you judge that though. So it comes down to the rules. I guess if they knew what they were getting into then it's up to them to go along with the rules. If they feel they were cheated then they shouldn't have competed in the first place. I think that people should share ideas so they can build from each other. Einstein said he stood on the shoulder of giants. I think that these designers can stand on each others shoulders and reach heights that they never thought possible. I don’t know what to do about the reward dilemma.

Maybe you can reward the few that spurred on a better logo, but didn’t win with a small cash reward or a thank you of some sort. I don’t know how you judge that though.

So it comes down to the rules. I guess if they knew what they were getting into then it’s up to them to go along with the rules. If they feel they were cheated then they shouldn’t have competed in the first place.

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