It happens. Open innovation initiatives fail to deliver on the expected outcome. There is not much of a surprise in this, but I am curious on the reasons and I have thus started to make a list on why this happens.
It would be great if you can help build this list by adding your comments to my starters.
• Companies have difficulties making innovation happen internally. Now they hear about open innovation and think of this as an approach that will make everything better. Not true. If you cannot make innovation happen internally, you will have even more difficulties doing this with external partners.
• Many companies start off with idea generation platforms hoping that external contributors will contribute with great ideas and/or technologies. Most do not deliver on the expectations as they get more trash than gold.
• Companies copy competitor’s initiatives rather than creating their own unique initiatives that match their business reasons for doing open innovation.
To read the full, original article click on this link: 10 Reasons for Open Innovation Failure | 15inno
