Open Innovation as a Result of Converging Trends

The transition from closed innovation to open innovation has been slow but broad; open innovation, a collaborative approach, is used in a growing number of industries and countries. Gradually but inexorably, open innovation has become more efficient than closed innovation. The term open innovation was coined in a must-read book of the same name. We see the transition from closed innovation to open innovation as a Darwinian process: because the environment has changed and open innovation is, on average, more successful than closed innovation; companies must evolve, choosing to use this more collaborative approach to innovation, or be passed by. This is similar to mammals supplanting dinosaurs as planetary conditions changed. We have already explored some of key factors that

Read more

Proliferation of Start-up Firms

Start-up companies are extremely active at the frontier of applied science. Their origins are diverse, but the following scenarios are most common: Spin-off from a public research organization. Prior to the effective creation of a start-up company, the team is often incubated in source public research organization. Today, entrepreneurship is strongly supported by most governmental agencies. Direct or indirect spin-off from an existing company. When a project is determined to be outside a company’s strategy but the project has strong potential, its champions are sometimes allowed to pursue the project on their own by forming a start-up firm. In such case, the existing company typically retains a stake in the spun-off start-up firm in order to reap a benefit from

Read more

Flash Food of Data

This article is the fourth of a series about knowledge acceleration and fragmentation, after Knowledge Flood and Change Acceleration, Knowledge creation : Globalization and Exponential Growth, and Acceleration of Change. We often read flabbergasting announcements on an incredible growth rate of what is mistaken as knowledge. These announcements come from the Big Data battlefield, and we will take this opportunity to cool down from the excitement of those announcements and return to some clear definitions. Knowledge does not double in less than a day; those who make statements that it is doing so are mistaking knowledge for data, which may indeed be doubling that rapidly. Data should not be confused with information, which is a coherent and meaningful set of data, or

Read more

Acceleration of Change

This article is the third of a series about knowledge acceleration and fragmentation, after Knowledge Flood and Change Acceleration and Knowledge creation : Globalization and Exponential Growth. I assert that continued growth is essential to the rational and empirical character of scientific knowledge. (Karl Popper) Knowledge is expanding at an accelerating rate. Because knowledge and innovation go hand in hand, the rate of innovation is also accelerating. New products and new technologies are reaching the market today at an impressive rate, faster than ever before. The same is true for product life cycles, which are becoming shorter and shorter[1]. Industries that are accustomed to designing product platforms that can support several product generations are struggling to cope with the rapid rate of

Read more

Knowledge Creation : Globalization and Exponential Growth

This article is the second of a series about knowledge acceleration and fragmentation, after Knowledge Flood and Change Acceleration. Globalization of knowledge creation For the first time in 2012, Chinese residents accounted for the largest number of patents filed throughout the world (World Intellectual Property Indicators, December 2013). The Chemical Abstracts Service data (the same data that in the previous article) were analyzed with regard to the geographical origins of the authors. The resulting geographic distribution of each year’s publications is shown in the figure. It appears that the growth deficit observed in the figure during the 1980s was due to the collapse of the USSR and the associated countries pulling out of the knowledge-creation race, presumably temporarily. The most significant long-term

Read more

Digitalization: The Pharmakon of Open Organizations

The first industrial revolution saw the birth of the idea of an enterprise—the same entity we are familiar with today[1]. The creative crucible of the third industrial revolution is in the process of giving rise to a new form of business. I’m talking about “open organizations.”  In this article, I will introduce three characteristics of these open organizations. Last week, while I was in Oslo visiting a client, the receptionist at the hotel asked me if I wished to become a member of their “Club Carlson.” I automatically replied, “No, thank you.” “But, sir, it’s free,” he said, “and on top of that I’ll upgrade your room for free.” I’ll admit, I was seduced, and I agreed to join Club

Read more

Knowledge Flood and Change Acceleration

This article is a first of a series about knowledge acceleration and fragmentation.  Examining the past century, we can see that the rates of both knowledge creation and innovation have accelerated. It is sometimes difficult for people of our time to appreciate the quantity of knowledge that humankind has accumulated throughout history. A mental exercise that may help consists of scanning the inventory of knowledge that forms the basis for modern items such as the mobile phone, the hybrid car, weather forecasting, breast cancer treatment, and so forth. Let us begin with the oral wisdom of our ancestors, and then consider the knowledge of ancient Greek philosophers as Archimedes and Pythagoras, and finally proceed, layer by layer, through knowledge created

Read more

When startups disrupt the space industry: Interview with Ane Aanesland, co-founder and CEO of ThrustMe

Recent years have seen a variety of new players enter the space industry. One domain ripe for disruption is the satellite propulsion market, with technological breakthroughs championed by startups such as ThrustMe. At Presans, we take a professional interest in disruption in all shapes and forms, so we took the opportunity to sit down and have a chat with ThrustMe co-founder and CEO Ane Aanesland. What’s your take on the ongoing space revolution? I think we’re at the start of a significant wave of disruption in the satellite industry. The miniaturization of satellites has opened up and democratized the access to space related activities that before were only accessible to large corporations and government agencies. Small satellites only 1 to

Read more

Is Buffer an Example of the Company of the Future?

In a previous article extracted from his co-authored book Innovation Intelligence, Albert Meige talked about the mega trends in employment and work organization. Among these mega trends, he mentioned flexibility in terms of both time and space in the future work organizations. Well, it seems that at least one company is already in the future. Let’s talk about Buffer ! Buffer is a software application that allows its users to manage accounts in social networks. The most interesting feature of the application is that it gives the possibility for users to schedule posts to Twitter, Facebook, Linkedin, Instagram, Pinterest and Google+. The company was created back in 2010 by Joel Gascoigne (CEO) and Leo Widrich (COO) in the UK. The two co-founders quickly

Read more

Timing and Process of Knowledge Acquisition During an Innovation Wave

This article is the fifth and final one of the series about Innovation Waves, after Innovation Waves Associated With Invention and Discovery, Time Sequence for Innovation Waves and Their Applications : the GPS Example, How Kodak Missed The Turn…, and Knowledge Distribution During an Innovation Wave. Early strategic phase: knowledge acquisition to mitigate risks At the onset of a potentially fruitful innovation project, many companies need access to a portion of the relevant new knowledge while performing their minimum duty, roadmapping. This includes strategically evaluating the potential impact of the new invention or discovery on the company’s current business and then defining if, how, and when the company should introduce the new concept into its innovation pipeline. By definition, the invention or

Read more