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	<description>WOID. Co-creation and open innovation strategy</description>
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		<title>Co-creation in the picture</title>
		<link>http://visionscapers.net/woid/posts/co-creation-in-the-picture/</link>
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		<pubDate>Thu, 11 Nov 2010 20:56:18 +0000</pubDate>
		<dc:creator>Detlef La Grand</dc:creator>
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		<description><![CDATA[Much is written about co-creation, but just what does it look like in the context of innovation? When looking at the traditional chain of innovation, there are only a few instances in which interaction takes place with customers and users. For suppliers this is even worse. Only at the very last, based on lowest price, [...]<div class="readon"><a href="http://visionscapers.net/woid/posts/co-creation-in-the-picture/">Go to this post &#187;</a></div>]]></description>
			<content:encoded><![CDATA[<p>Much is written about co-creation, but just what does it look like in the context of innovation? When looking at the traditional chain of innovation, there are only a few instances in which interaction takes place with customers and users. For suppliers this is even worse. Only at the very last, based on lowest price, a supplier is chosen, <em>if</em> they will supply according to strict specifications and conditions.</p>
<p><span id="more-20"></span></p>
<p><a href="http://visionscapers.net/woid/files/2010/11/TraditioneleKetenInnovatie.jpg"><img src="http://visionscapers.net/woid/files/2010/11/TraditioneleKetenInnovatie.jpg" title="Traditional innovation chain"/></a></p>
<p>In contrast, with co-creation there is a continuous dialog with the environment during the whole innovation process. This result in more ideas, generated in less time. Further, because there is a continuous testing loop, choices can be made faster while being better substantiated at the same time.</p>
<p><a href="http://visionscapers.net/woid/files/2010/11/Innovatieketen-cocreatie.png"><img src="http://visionscapers.net/woid/files/2010/11/Innovatieketen-cocreatie.png" title="Co-creation innovation chain"/></a></p>
<p>As seen from the above diagram, it&#8217;s obvious that this has serious consequences for the culture, set-up and operations of an organization. Leveraging the existing co-creative power within an organization can lay the foundation for the transformation it needs to undergo. A further step is to involve customers and suppliers in the process directly. In the end, the entire innovation process can be open to contribution and feedback from all stakeholders.</p>
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