Crowdsourcing has become a popular method of raising money for different business ventures. For example, I was recently at a coffee shop in Canyon, TX (home of West Texas A&M… Read More
open innovation
Crowdsourcing
Crowdsourcing is a process in which needed services, ideas, or other content is obtained by soliciting contributions from a large group of people (the “crowd”). This group of people may… Read More
How Reading Can Help Innovation
Listen to the podcast (about 5 1/2 minutes). [audio:https://0a11b2.p3cdn1.secureserver.net/wp-content/uploads/2012/02/16-Feb-2012-Idea-Incubator-blog.mp3|titles=16 Feb 2012 Idea Incubator blog] Today, I had very few meetings, the phone was strangely quiet, and my email inbox was… Read More
Open Innovation
Firms that utilize open innovation combine internal and external ideas to develop new technologies, and they utilize internal and external paths to market. Open innovation stresses a paradigm shift from… Read More