Developing Communities for Collaborative Innovation
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Collaborative Innovation Communities – where companies and customers collaborate on ideas for new products and services – can be one of the most valuable ways to invest in community engagement. Unfortunately, this type of community is also one of the most difficult to get right. Many companies have experimented with this type of Open Innovation – Lego Ideas, Dell’s IdeaStorm, Starbucks’ My Starbucks Idea – and each of these companies have seen value from the communities. The bad news is that most companies fail because they lack the vision and commitment to see beyond the initial tactic of soliciting customer ideas.With the right programs, platforms, community ecosystem design and internal alignment, Collaborative Innovation communities can produce incredible value.
Intense Pressure to Innovate
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In an updated version of their famous "Creative Destruction" Report, research firm Innosight predicts that the average tenure of a company in the S&P 500 index will drop from 24 years (2016) to just 12 years by 2027. In a recent survey of Corporate Innovation Executives, research firm CB Insights found that ~41% of executives said that felt their companies were "extremely" or "very" at risk of being disrupted.
Spectrum of Innovation Communities
In studying the types of innovation communities, we feel the range can be narrowed down to 3 categories:
Brand-Hosted Communities: Where a single brand hosts an innovation community focused on the brand's products, services or business model
Project-Based Communities: Communities of experts that come together to solve problems or challenges around a particular domain.
Grand Challenges: A challenge-based community that convenes a diverse ecosystem of smaller communities to solve massively complex problems.
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In practice, most corporate innovation initiatives ignore the value communities and networks can provide. The chart below is a simple illustration of how community could support different innovation types:
Resources
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The full slide deck, with examples of Brand and Project-Based communities can be found here:[slideshare id=96436383&doc=collabinnovationcommunitiescmx2018-180508203928]The companion worksheet for planning your Collaborative Innovation initiative can be found here:http://bit.ly/CICWORKThe working list of Brand-based communities, Project-based communities and host platforms can be found here:http://bit.ly/CICList
Learning More
I've developed a workshop to help organizations learn about, ideate on and plan their Collaborative Innovation strategy. I'm also creating a small work group (mastermind style) to help non-competitive organizations share their progress and lessons learned. If you would be interested in discussing either of these, please feel free to reach out: bill@structure3c.com
