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MAR 5

Building Expertise Through Collective Innovation

The Raymond open-innovation conference gathered design managers from companies such as Heineken and Lego to share best practices and improve the bottom line

BusinessWeek, March 5, 2008 — Open innovation has been a hot management phrase for the past five years. So far, though, these collaborations have generally been focused on small-scale research and development, or technology ventures between giant global brands and smaller partners. Think Proctor & Gamble's (PG) collaborations with universities and suppliers or IBM's (IBM) embrace of an open-source software language which both saves the company money and provides it with a new revenue stream.

But what if you brought together design heads from some of the world's biggest global brands with the aim of stimulating innovation? That was the premise of the fifth annual Raymond conference on Feb. 28 and 29 in Rotterdam attended by 17 design managers from companies as diverse as Heineken, Philips, Lego, Airbus, and Hewlett-Packard (HPQ).

Category: Innovation
Tags: Design, Open Innovation

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