InnoCentive Essays

Intermediary model (for example, InnoCentive (http://www.innocentive.com/) - Internet users select and perform the tasks for which they believe are qualified, and receive monetary compensation. In this model, research and development to address community issues are performed by third parties (experts) and the users of communities face the challenge of playing the role of innovation asylum problems, such as scientists, researchers and engineers; • Model of collaborative software development (for example

Toyota does everything possible to turn their customers into a quality support business with the self-service websites from the comfort of them and with the use of personal credit cards. Processes such as Top Coder, 99designs, Tongal, Innocentive, and Kickstarter have enabled the Toyota Company to serve its customers globally as demand or need is met faster than ever (Afuah. 2011). There is usually no gains from such ventures when downplayed downside of this convenience. If there is benefits, a

do not like changes. But in every company there are people who can become leaders for innovations. The company management should search such people and develop the company environment to stimulate initiative and reward innovations. Lindegaard (InnoCentive 2013) underlines that “innovation leaders of any organization should realize that when it comes to making innovation of all types happen, people matter more than ideas. Investing in the development of people who excel at the skills of innovation

This book has a special highlight for “Why the most original minds in business win”. It means that if companies willing to “think outside the box” they already have a key to approach success. 4 mains areas were focused in this book, “Rethinking Competition”, “Reinventing Innovation”, “Reconnecting with Customer” and “Redesigning Work”. All four areas are talk about innovation and managing change. “Rethinking Competition” Business comes and goes how the Mavericks stand out from its competitor.