A Lean Approach To Open Innovation
The Quantum Innovation Team has created a fresh, new forum for both large and small businesses, government and academia in which each can combine their resources in a market-led approach to innovation.
A Lean approach to innovation starts with understanding customer needs and competitor offerings in relation to those needs - customers buy benefits not technology. QIC has developed new methods to offer businesses a “lean approach” to open innovation. We have proven tools and have the relevant experts to address the three key inter-related areas of innovation:- technology, organisation readiness and investment.
Whilst invention is the work of an individual, innovation (defined as doing something new that has an impact on the business), is the work of a group of people with a combination of skills covering finance, product/service development, production processes and businesses processes. The balance of these skills required through an innovation cycle changes with time.
A recent survey of CEO’s by Allianz indicates that CEO’s of large companies recognise the need for innovation but under current financial pressures are cutting back their innovation activities and smaller companies simply lack the balance of skills and cannot afford to recruit staff with the experience and expertise to deliver innovation. At the Quantum Centre we can help business leaders to add value and do more for less by using our experience and extensive Open Innovation network. QIC has assembled a management team with over 150 years of experience between them covering all the key skills and expertise to enable them to offer and facilitate a lean approach to open innovation.
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