Participative Innovation: 8 Major Themes to Know

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Participative Innovation: 8 Major Themes to Know

Participative innovation: a powerful lever for value creation

Definition

Participative innovation allows to involve different actors in the innovation of a company. It is a management technique involving the concept of collective intelligence. The idea is therefore that everyone, regardless of their hierarchical scale or status, can take part in the company’s innovation process. 

This type of innovation has many advantages, including improving the work environment and employee recognition.

An alternative innovation mode

Marking a break with « Closed Innovation » and its long gone paradigm that enabled the multinational companies to internalise their R&D resources and establish their technological supremacy, Open Innovation revolves around a new type of process for companies.

To face today’s professional environment’s metamorphosis, where experts become more mobile every day, universities have an increasing role in the business world, and there are more and more research labs, companies crucially need to turn to alternative innovation processes.

This concept of innovation in a company prescribes the use of internal and external resources and knowledge, so as to increase the research and development’s productivity and efficiency.

What are the 8 dimensions of participative innovation to know?

The process of participative innovation, as a profound transformation, impacts every level of the company, from its high-level strategy to its funding mechanisms and human resources.

Open Innovation first of all deeply modifies and implement the internal objectives of the company. This new shift in its paradigm even transforms the way enterprises deal with their market: they have to define new goals to reach and renew their communication process, externally as well as internally.

But many more questions of various complexity levels arise when a company enters the world of Open Innovation. Those questions include:

Which new resources should I recruit?
What are the consequences of this innovation on my R&D budget?
Which tools are crucial to implement this new model?

In this White Paper, through the explanation of various concepts concerning participative innovation, you will discover the way internal process of a company will be affected by this new lever of growth. You will also understand why and how to renew your organisation, and the way your company’s ecosystem functions as a whole.




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