From Innovation Archer to Innovation Magnet

A Good Goal for Open Innovation

by Stefan Lindegaard

From Innovation Archer to Innovation MagnetI just met with Jan Bosch, VP of Open Innovation at Intuit. As you might already know, I am a big fan of their work on Intuit Collaboratory and especially on how they combine virtual and real life activities.

During our talk, Jan and I discussed a situation that I have seen at several companies. The situation is about how a company goes from being an “archer” in which you aim and shoot for relevant contacts to being a “magnet” in which relevant contacts come to your company.

This is an important issue for companies that are ready to move to the next level of open innovation after having started and implemented a platform. At least, two things are important on this.

First, companies need to understand that the even though the goal is to attract quality contributors to their platform, it might take quantity efforts to reach this goal. Companies are most often in a situation in which they must let their marketing and communication efforts focus on spreading the word and getting a buzz going in many different directions. You need to aim for more people than you initially thought you had to.

Why? We are often stuck in our own mindset and thus we already know whom we need to get in touch with. This is potentially dangerous as it can limit the reach of open innovation initiatives and hinder engagement with potential stakeholders that we never thought would be able to contribute to the initiative. Remember that diversity is a key reason for engaging in open innovation.

Check this blog post Open Innovation and Hacking the Microsoft Kinect to get an idea – although not directly related – of what I am talking about.

The other thing that I would like to point out here is that it is so much easier to create a positive buzz on initiatives if they are solid and ready. Yes, this should be basic stuff, but I am amazed on how some companies try to promote initiatives that are simply not good enough. Don’t make that mistake.

What else are they saying about 'Stoking Your Innovation Bonfire'

Don’t miss an article (2,000+) – Subscribe to our RSS feed and join our Continuous Innovation group!

Stegan LindegaardStefan Lindegaard is a speaker, network facilitator and strategic advisor who focus on the topics of open innovation, intrapreneurship and how to identify and develop the people who drive innovation.

Posted in ,

Stefan Lindegaard




How Brexit Has Affected UK E-commerce Businesses

By Hubert Day | November 22, 2022

Photo by Zyro on Unsplash   The popularity of online shopping was already growing at an impressive rate – and…

Read More

Overcoming range anxiety: three tips for EV owners

By Hubert Day | October 27, 2022

Photo by Jenny Ueberberg on Unsplash   In the last few years, electric vehicles (EVs) have become more and more…

Read More

Leave a Comment