What is Copyright Intellectual Property and Innovation?

Open Innovation: Why Mindset Matters the Most  February 18, 2013 – 02:58 pm
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Many of you have brought up the subject of trust in our interactions on open innovation. I agree that trust is an essential component for open innovation. It also comes at many levels – internally as well as externally.

As trust is the basis of any successful, long-lived relationship, you should begin to look into the below questions if you are serious about open innovation:

• What does it take for you to trust others?

• How do you convince your external stakeholders to build trust in you and your company and then start forging strong relationships?

I have long argued that companies should look more at the people side of innovation rather than concentrating all their efforts on processes and concepts. The necessity of building trust as a basis for successful open innovation makes this even more relevant, and it also brings more power to the people who really drive innovation within a company.

Why? Trust is first and foremost established between people and then perhaps between organizations. Trust is a personal thing, and the innovation leaders who understand this are suddenly in a much better position with regards to making things happen and creating an interesting and challenging career.

What are the barriers against building trust and relationships with stakeholders in your eco-system?

Source: 15inno

Oxford University Press, USA The Knockoff Economy: How Imitation Sparks Innovation
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