Meet Volition: democratizing beauty products to cater to a global and diverse community whilst reducing research and product development costs through the power of open innovation.
Examines how PepsiCo is using open innovation in their Lay’s “Do Us a Flavor” competition and ways they can more broadly utilize crowdsourcing to stay competitive in a trend-driven market
Data breaches and cyber attacks are becoming more prominent and less predictable. To manage ever-increasing cyber risk, the U.S. Department of Defense created a bug bounty program for security vulnerabilities and used crowdsourcing to invite hackers to break into their systems.
Lego was facing financial distress in the mid-2000s. In this time of turmoil, it turned to open innovation to restart its business.
This piece briefly examines the adoption of various open innovation practices by Mondelez International to better react to competitive pressures and position itself for long-term sustainable growth
Waze is already very advanced in several areas, including the accuracy of its recommended route choices, the flexibility it provides by rerouting seamlessly in seconds, and its established user community with incentives for crowd sourced contributions. But what about user safety (using the app while driving) and the unethical user behavior (avoiding speed traps, police cars to be able to drive faster) promoted by the app?
An example of Open Innovation applied to Non-Profit Organization and Beyond
“By accelerating the development of groundbreaking products and services, we know that we can help to keep Barclays at the cutting edge of financial services, all while helping to revolutionize the industry” – Michael Harte, Chief Operation and Technology Officer.
Grupo Aval, the largest financial group of Colombia, is using open innovation to counter emerging fintech competition.
Why did the Department of Health and Human Services host a two-day Code-A-Thon focused on the opioid crisis? What role does crowdsourcing play in government agencies?