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S2-E13 What is Open Innovation? episode artwork

EPISODE · Sep 30, 2014 · 1H

S2-E13 What is Open Innovation?

from Manufacturing Talk Radio · host Manufacturing Talk Radio

Elouise Young earned her PhD in Organic Chemistry from MIT and today leads innovation programs on behalf of one of the world’s leading firms in the area of Open Innovation, NineSigma. Open Innovation, also known as external or networked innovation, is focused on uncovering new ideas, reducing risk, increasing speed and leveraging scarce resources. With a better understanding of “what is out there”, a company is able to lower risk by combining external capabilities with internal innovation resources. The old question of “Why reinvent the wheel?” clearly applies, as Open Innovation enables a company to connect with someone who has already developed the technology in need or who is further along the development path. Learn more about your ad choices. Visit megaphone.fm/adchoices

Episode metadata supplied by the publisher feed · Published Sep 30, 2014

What this episode covers

Elouise Young earned her PhD in Organic Chemistry from MIT and today leads innovation programs on behalf of one of the world’s leading firms in the area of Open Innovation, NineSigma. Open Innovation, also known as external or networked innovation, is focused on uncovering new ideas, reducing risk, increasing speed and leveraging scarce resources. With a better understanding of “what is out there”, a company is able to lower risk by combining external capabilities with internal innovation resources. The old question of “Why reinvent the wheel?” clearly applies, as Open Innovation enables a company to connect with someone who has already developed the technology in need or who is further along the development path. Learn more about your ad choices. Visit megaphone.fm/adchoices

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This episode was published on September 30, 2014.

What is this episode about?

Elouise Young earned her PhD in Organic Chemistry from MIT and today leads innovation programs on behalf of one of the world’s leading firms in the area of Open Innovation, NineSigma. Open Innovation, also known as external or networked...

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