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Author, speaker and strategic advisor on open innovation, innovation management / culture and the people side of innovation. Get in touch! Stefan Lindegaard

Three global megatrends drive innovation today: Everything moves faster, everything will be connected and there will be a much higher degree of transparency with regards to knowledge.

Focus is shifting away from ideas as they are in abundance. Now, the front end of innovation is the easier part and the execution is what really matters. We have begun the transition phase.

Disruption hits much harder and much faster than ever before. You can’t plan for disruptive or radical innovation, but you can be sure you will be disrupted.

What is open innovation? “…a philosophy or a mindset that they should embrace within their organization. This mindset should enable their organization to work with external input to the innovation process just as naturally as it does with internal input” Open innovation as a term will disappear in 5-7 years!

1. Common Language and Understanding, Motivation, Mandate and Strategic Purpose 2. Assets and Needs 3. Value Pools and Channels 4. Internal Readiness 5. External Readiness 6. New Skills and Mindset 7. Communications Strategy 7 Steps for Open Innovation

P&GPHARMA MEDTECH Cycle time, money, IPR, conservatism, government regulations and internal readiness

EmployeesSuppliersManagersAcademics / institutions ExecutivesVCsAlumniStartupsBusiness unit / function Users / consumers GovernmentCompetitorsInventors

InnoCentiveAlliances / joint ventures Campaigns (Comm / Public) Entrepreneur Day ConsortiaMyStarbucks Idea.com Campaigns (Comm / Public) Supplier Summit CREDIT: OVO Innovation

the mini-bus: who sits where? accelerators and incubators challenges and competitions corporate venture (now with an open innovation mix) How big companies innovate with SME’s and startups Big companies tap into the potential of small companies (execution more than ideas) and they want to become more like startups (get their corporate culture infected)

Speed of decision-making: Slow, bureaucratic meets rapid, lean = tensions! Attitude towards risk: Vested interest versus nothing to protect, everything to win! Differing definitions of innovation: Do we speak the same language? Following rules versus breaking rules: Real progress often requires you to break / bend rules

Entrepreneurship is do or die based on market necessity, opportunity and ingenuity. Innovation is about strategic choices. Different things = different approaches!

Innovation as a career choice What got you into the game 10 years ago is no longer enough! Engineers, pay attention!

Horizontal: disposition for collaboration across disciplines Vertical: depth of skill which allows to contribute Credit: Tim Brown / IDEO Only T-shapes: “Occasionally, we have people who don’t really have a depth of skills, and they really struggle. They don’t get respect from the group.” Only I-shapes: “…very hard for them to collaborate…each individual discipline represents its own point of view…becomes a negotiation…you get gray compromises… The results are never spectacular but at best average.”

1) Holistic point of view (intrapreneurial skills) 2) Ability to constructively handle conflict 3) Optimism, passion and drive 4) Curiosity and belief in change 5) Tolerance for / ability to deal with uncertainty 6) Adaptive fast learner with sense of urgency 7) Talent for networking / strategic influencing 8) Communication skills

No networking culture? No innovation culture! - future winners get communities to work!

Networking efforts require purpose/direction, training, time and commitment/structure. Few executives get this.

View communication in the broad sense – include networking and stakeholder management Use a range of communication tools – too few innovators know about social media let alone communication in general Develop a strategy for this Great innovators are great communicators!

- Tap into my knowledge and my global network - Work with our city ambassadors - Frequent webinars, Q&As and physical sessions around the world - Build a stronger brand for yourself and your company (use our platform) - Corporate innovators: Speak at global conferences Innovation Upgrade - a training program and network on innovation