A new way of working
The third speaker, Patrick Albert, a professor at HES-SO and one of the experts behind the Innokick program, discussed open innovation, or innovation methods based on knowledge sharing and collaboration among all stakeholders. Albert, who also works as a coach for Swiss innovation platform platinn, described how the need to innovate is impacting businesses that operate in rapidly shifting industries. Operational excellence will no longer be enough for these firms to efficiently seize market opportunities.
Going forward, businesses will be required to adopt new technology. One way to do so successfully according to Albert is to implement the principles of open innovation at all levels of new product and service development, from ideation and design through to manufacturing and sales. That means creating fast-moving, agile organizations equipped with the right innovation resources, which could include R&D partnerships with other firms, universities or research centers.