Dr. Venkatesh Prasad, Ford’s “What’s Next” guy, describes how Ford is taking on new trends like autonomous cars, new energy sources, and shared ridership.…Read More
Open Innovation Is Driving a Cultural Shift at Ford
open innovation
Idea Generation and the Role of Feedback: Evidence from Field Experiments with Innovation Tournaments
In many innovation settings, ideas are generated over time and managers face a decision about if and how to provide in-process feedback to the idea generators about the quality of submissions. In this article, we use design contests allowing repeated entry to examine the effect of in-process feedback on idea generation.…Read More
Ready To Be Open? Explaining the Firm Level Barriers to Benefiting From Openness to External Knowledge
While it is broadly recognized that sourcing external knowledge has a positive impact on firm innovation performance, we know very little about the firm level conditions under which this relationship holds. …Read More
Using an online community for vehicle design: project variety and motivations to participate
Firms increasingly seek to use online communities as sources of ideas, innovations, and designs. However, many such open innovation efforts lack sustained participation and ultimately fail. This research sought to understand motivations to participate in a firm-hosted design community and how the nature of the design task influences sustained participation.…Read More
When Disruptive Technology Threatens, Find a Partner
In new research sponsored by the Mack Institute, Rahul Kapoor and coauthor Thomas Klueter analyze how alliance-based strategies may help companies successfully manage the challenge of disruptive technology.…Read More
Crowdsourcing the Results You Want
In crowdsourcing contests, choices about contest structure affect both number and quality of entries. Funded Researcher Pinar Yildrim shares knowledge about how firms can get their ideal results by manipulating contest structure.…Read More
Revamping Innovation in Healthcare
Co-director Christian Terwiesch and his colleagues make the case that when it comes to innovation in healthcare, importing solutions from other industries should take a backseat to “insourcing,” seeking insight from clinicians within the healthcare system itself.…Read More
Ready, Set, Grow! The Organizational Value of Innovation Tournaments
Innovation tournaments are an increasingly popular tool for organizations looking for fresh ideas: they open the gates to ideas from all employees, especially those on the front lines, and let people vote on their colleagues’ ideas to narrow the pool. This leads to consideration of increasingly smaller groups of ideas…Read More