Ep. 52: Open Innovation and How it is Changing the Workplace

What this episode is all about and why you should Listen

Today I have an interview with Stephen Hoover, CEO of PARC a division of Xerox. PARC is the home of the Ethernet and many other Innovative tools that most people use every single day in the workplace. Stephen & I talk extensively about Open Innovation in the workplace. Open innovation is a very interesting topic and we get deep into what is going on, what is it, why it is happening, what are the trends that are driving it, what are the benefits of open innovation, the challenges, the impact & what organizations should be doing and what they should be thinking about.

Stephen Hoover explains what PARC's take on the Business of Breakthroughs is all about. Find out what they are working on for the future of work. Stephen's perspective is very intriguing and spot on with exactly what a forward thinking company needs to be doing and implementing. Discover what his number one tip is when it comes to having a Grand Vision. Stephen really believes that innovation is a contact sport. Find out how he is assisting PARC and their employees with having a Vision beyond what is in the everyday workplace. We explore the problems that arise with people who have an "I can do it all" attitude, and why in the real world you need the assistance of many other smart people to be successful when it comes to open innovation. Stephen talks about how to go out and find those smart people and create partnerships to accomplish open innovation. This conversation is very interesting both from a personal approach and a business approach.

What you will learn in this episode

• What is Open Innovation?
• Why is it happening?
• What are the trends that are driving Open Innovation?
• What are the Challenges?
• What is the Impact in the workplace?
• What should Organizations be doing with Open Innovation and what they should be thinking about.
• Explore what PARC's take on their very own philosophy is.
• What are the problems with Open Innovation?
• What you need to be thinking about when it comes to implementing Open Innovation.
• Is personal innovation just as important as business innovation?

(Music by Ronald Jenkees)