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Category: economics

Open Innovation VS Closed Innovation

Welcome to my blog, in this blog i discuss about innovation, management and business strategy. Today topic is a discussion between a concept in innovation that is defined as type of innovation strategy. Nowadays, innovation discussion is clearly a critical dimension in any dynamic approach to business, as it allows businesses to achieve and defend competitive advantage. Closed innovation, is the more classical approach to innovation, and in such, it develop patents, (intellectual property, licenses and grants) through formal means, and closed corporations. Open Innovations is more related to the… Read more Open Innovation VS Closed Innovation

Developing an Innovative Company

Today’s post goes and explain the article discusses in HBR on Innovation, my main subject and research for this blog stub. Every Thursday I will try to put a blog article discussing an article or providing some hints on how to develop a company which is innovative and forward thinking. This maybe a naive point of view as, at the current time my objective is to gain experience and hindsight, but not all knowledge that I write about, has to come directly from me, and I believe, that Harvard Business… Read more Developing an Innovative Company

Innovation Management #3

Today’s post goes and discuss various technique to stay innovative for corporations. The easiest method is via brain storming (mind mapping) ideas, the second one is via the idea box. Both these techniques are better explained in an ebook called: Thinker toys These techniques are easy to draw than to be explained. Plenty of material can be found on the internet. Mind mapping consist in using a blank paper and writing in the middle the concept, or the idea researched, and then connect by lines around it all connections that… Read more Innovation Management #3

Innovation Management

An important initial step in Business and Management is Innovation Management, therefore how to remain innovative and have new product or service ideas. This is the initial step in innovation management. With this blog stub, I will try to provide some examples studied in University on how companies become and stay innovative in order to achieve competitive advantage. For who does not know what a competitive advantage is, is simply a term to define how companies succeed. When developing or inventing new products or services is always important to think… Read more Innovation Management