Tag: innovation management

Frugal innovation is the creation of innovative solutions that are affordable, accessible, and sustainable, using limited resources. Let’s explore its powers!

In this article, we explore why entities should adopt an open innovation approach to apply citizen engagement.

Everybody knows by now that innovation is an essential part of any organization’s success. Success? it is rather “survival”! But there is no one-size-fits-all innovation technique. Terminologies like Open Innovation, Crowdsourcing, and Co-Creation can be overwhelming and confusing because they are all innovation techniques that can invite external people into a process or a project.

To distinguish between the four types of innovation, we need to understand 2 main factors that determine which type of innovation to seek:

Innovation competitions or innovation challenges are effective tools used by organizations to access and connect with expert communities. The objective is to collaborate on developing the best sustainable ideas and solutions, those solutions are hard to reach depending on internal resources only.