Innovation

Using digital design in product development has potential downsides as well as advantages.

For the Lego Group, a close bond with user communities is not a pipe dream but a reality.

The current approach to measuring patent quality is not serving the world's patent systems.

Too many executives confuse what an innovation is with what an innovation would do for them if they had one.

Consumers generate massive amounts of product innovation — which has significant implications for new product development.

According to von Hippel, users are often the first source of new products.

While network effects do affect market share flows, quality prevails.

Generating good innovation proposals from within the ranks of the organization is only the beginning. The more difficult part is creating a selection process that identifies which ideas to implement.

Increasingly, innovation is being applied to the development of new service offerings, business models, pricing plans and management practices.

Six practices can help companies implement licensing as part of an open innovation strategy.