In order for Small Businesses to compete within the World Competitive Business Marketplace, Innovation is crucial. Some argue that in a very innovative organisation, there is a tradition of assist that ensures new things happen by themselves. In such organisations, the argument goes, you don’t want a central innovation staff at all, because individual staff are empowered and motivated to make the kinds of changes an organisation needs to stay competitive. Frankly, I am yet to see any organisation that has an innovation tradition that successfully achieves this.

The experience of enterprise innovation will vary drastically from company to company, however there are some common pitfalls which can, and will, be averted. Three consultants provide their solutions on what to be careful for. The time period Open Innovation” was coined by Prof. Henry Cheseborough from UC Berkeley — it recognizes that concepts can come from a variety of sources — …