Open Innovation Inc.
Written by Christopher Smith // July 31, 2010 // Our Holdings // No comments
With both private businesses and national governments utilizing open communication to streamline processes, the recent launch of Open Innovation Inc. provides an elegant, encapsulated solution to opening up the flow of information in all types of organizations. By enabling all stakeholders to communicate their needs in a regulated but accessible format, Open Innovation facilitates a much more comprehensive and effective decision making process.
Being able to display complex information in a format that can be interpreted by all levels of an organization is one of the attributes of Open Innovation. Whether the initial data is text based, graphics oriented, or combines these functions, Open Innovation allows registered participants to quickly display that information in a format that can be instantly updated without generating confusing tangential tabs or separate posts.
Users may post a particular important topic affecting the company — such as a decision to move to another facility — on the Open Innovation platform and gather data about how each member of the company feels about this decision in a format that is easy to read and understand. Using this technology, other major policy decisions under consideration by the management can be instantly relayed to the company as a whole. This allows companies to develop an efficient feedback loop that is largely free from politics, but instead focused on generating actual results that benefit the overall productivity and health of the organization.
Additionally, Open Innovation allows for the development, tracking and refinement of complex processes over a period of time in geographically distant locales. If a company has multiple departments focused on a single goal, Open Innovation allows each department to post their progress on that work in a detailed yet readable format in real time that other departments can reference and respond to. This eliminates duplication of efforts, and may actually speed the completion of the project when one department manages to make a significant breakthrough.
Because Open Innovation is about opening up communication to achieve common goals, it is largely an apolitical forum. Executives and employees can communicate their respective goals without fear of reprisal. Middle managers often must act as ill-equipped translators between the needs of their employees and the goals of executives. Frequently, because executives and employees are separated either by geographical distance or middle management, they may inadvertently be working at cross-purposes, thereby causing inefficiency in productivity and wasting the company’s resources, contributing to a loss of profits.
With an official launch date of July 28, 2010, the Open Innovation platform is now ready to provide solutions to those organizations that wish to reduce their costs by developing more efficient methods of communication and project execution. Interested parties are welcome to contact our office for more information.



