Open Innovation Networks—
Creating and managing an
ecosystem for innovation

Open-source business models and collaborative approaches to innovation are moving beyond 'nice-to-have' to 'must-have.' Joint ventures and strategic alliances are on a growth path. ‘Collaborative innovation’ methods were being used by more than 50% of respondents to Bain & Company’s 2006 Management Tools and Trends Survey.

But are companies succeeding?

A select group of leading companies have successfully adopted open innovation and are demonstrating impressive results. But many others are moving slowly or stumbling along the way. And many are incorrectly equating open innovation with technology scouting. While scouting remains important, open innovation is more broad and incorporates other important aspects including the partnerships and informal relationships with networks of external innovators.

The best companies are learning to identify areas of interest and then develop both formal and informal mechanisms to create innovation networks. This is an ongoing process that requires a company to approach business in a fundamentally different way, both externally and internally.

Please join our exclusive 90-minute audio-session (60 minute presentation plus 30 minutes for Q&A) as respected expert, Mike Docherty, provides an introduction and framework for creating and managing your company’s networks of external innovators. This presentation provides practical advice and case studies of successful open innovation networks in action and a straight forward approach to planning, structuring and managing external innovation partnerships to drive internal growth.

By the end of this session you will understand:

• The importance of moving beyond just technology scouting

• Strategic intent and network charters

• A framework creating and managing networks of partners

• How to structure collaborative pilots to harvest innovation opportunities

Invite your whole team to join you - the fee is the same as long as you are on one line, just put it on speakerphone!

Can't make the time and date of the call? Join FastTrack and receive the transcript and download the mp3 of this and other audio sessions.

Michael Docherty
Chief Executive Officer
Venture2, Inc.

Mike Docherty has 25 years of innovation management experience in industries as diverse as automotive, medical and consumer housewares. His broad-based leadership experience includes senior roles in general management, marketing and new product development.

Most recently he was a VP/GM for Sunbeam Products, Inc. where his open innovation efforts played a key role in the successful turnaround of the company. Prior to Sunbeam, Mike held leadership positions in marketing and planning for General Electric, Ford Motor Company and Rohm & Haas.

Mike is currently CEO of Venture2, Inc. a company that specializes in helping leading companies deliver growth through open innovation. Venture2’s co-innovation framework and services bridge the gap between large companies seeking innovation and entrepreneurs who create it.

Mike holds an MBA from Northwestern University’s Kellogg School of Management and BSME degree from Drexel University. He is a highly rated international speaker on innovation and is an inventor on seven U.S. patents. Mike is actively involved in supporting the entrepreneurial community.