Open Innovation: What Organizations Should Be Doing About And Thinking About6 October, 2015 / Articles
If you live anywhere near the Bay Area chances are you have heard of PARC. Many people consider it to be what helped start and fuel the innovation in Silicon Valley. It’s where things such as the ethernet, laser printer, graphical user interface, and the modern personal computer all came from. PARC is wholly owned by Xerox and stands for Palo Alto Research Center. I had the opportunity to speak with their CEO Stephen Hoover (actually, Dr. Hoover since he has both a Ph.D and an M.S. in mechanical engineering from Carnegie Mellon) for this week’s episode of The Future of Work Podcast. Stephen and PARC are also going to be featured in an upcoming episode of The Future of Work Show.
Stephen and I talk extensively about Open Innovation in the workplace which Stephen believes is a “contact sport.” Open innovation is a very interesting topic and we get deep into what it is, why it’s happening, the trends that are driving it, the benefits of open innovation, the challenges, the impact & what organizations should be doing and what they should be thinking about.
Stephen also explains what PARC’s take on the Business of Breakthroughs is all about and what they are working on for the future of work. Stephen’s perspective is very intriguing and spot on with exactly what a forward thinking company needs to be doing and implementing. Discover what his number one tip is when it comes to having a Grand Vision. Find out how he is assisting PARC and their employees with having a Vision beyond what is in the everyday workplace. We explore the problems that arise with people who have an “I can do it all” attitude, and why in the real world you need the assistance of many other smart people to be successful when it comes to open innovation. Stephen talks about how to go out and find those smart people and create partnerships to accomplish open innovation. This conversation is very interesting both from a personal approach and a business approach.
Why is it happening?
- What are the trends that are driving Open Innovation?
- What are the Challenges?
- What is the Impact in the workplace?
- What should Organizations be doing with Open Innovation and what they should be thinking about.
- Explore what PARC’s take on their very own philosophy is.
- What are the problems with Open Innovation?
- What you need to be thinking about when it comes to implementing Open Innovation.
- Is personal innovation just as important as business innovation?