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Food for Thought #12 * Open Innovation & You

In an OPEN innovation environment, innovation can come from both internal as well as external sources.

Be Iconic™

In the R&D & Product Development world, a CLOSED innovation environment is one where ideas, patents, testing & end products are all designed in-house.

In an OPEN innovation environment, innovation can come from both internal as well as external sources.

If a company’s ultimate goal is to create iconic brands and products, then the “source” of the idea is less important than the end goal – consumer demand and loyalty….hence, an OPEN innovation environment will tend to work best.

The same holds for your career.

If you truly want to Be Iconic™, you have to execute at a high level in your current company; at the same time, you have to stay AWARE of your value and external opportunities, lateral or stretch, that exist elsewhere.

Companies don’t act on every open innovation concept that crosses their path, but they do have a team that looks at every idea, even if it’s cursory.

They make an “effort” and they make a time and $ investment to flesh ideas and concepts out.

In the end, the company can say they left no stone unturned.

The same applies to your career – stay OPEN & exert time & energy in maximizing your skills and talent, even if it means looking at roles or experiences that fall outside your current company.

Be Iconic™