10 steps help you get Open Innovation rolling

PTIS Vice President Mike Richmond identifies 10 steps companies can take to initiate open innovation programs and begin to gain rewards. With them, companies learn the value in open innovation, learn to sell innovation within their organization and overcome the inertia of the “not invented here” (NIH) syndrome. Mike’s ideas are in an article in the February 2012 issue of Dairy Foods magazine. Here are a few of the steps:

• Recognize open innovation’s value
• Integrate it into your management structure
• Sharpen your focus on the future
• Get the right lead to head the effort
• Develop trusted business relationships with suppliers
• Start small and build