Power of Open Innovation
Steve Shapiro Keynotes - The Steve Shapiro speeches are steeped in motivational tips on innovation in a large corporation....
While crowd sourcing is an excellent tactic for gaining innovative practices, businesses must be conscious of time. Public views change extremely quickly, and the skill of adaptability must be set as a priority in all strategies. When the rate of change outside the organization is faster than that inside of the business, the company will quickly lose footing and fall behind in the market. Businesses must use the signal to noise ratio, which compares what a business wants and what they do not want. In terms of innovation, this means filtering through the ideas and holding on to the innovative solutions which will make a difference.