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Innovation Training is a program or course that helps team members understand and apply innovation theories, frameworks, and techniques. Its scope and content may differ depending on the organization. It's significant because it encourages strategic thinking, which improves team performance and allows any organization to reach its full potential. One way to use and optimize this is to continuously increase knowledge retention methods that are unique and engaging to employees.

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Innovation training will encourage employees to enhance their creative-thinking, hands-on ability and know more about latest tech. Consequently, employees will apply this knowledge to their jobs and contribute to the long-term development of the company.

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Group-2

It is a program that is structured within a company that provides mentorship, resources, and continuous support to collect and develop internal ideas or projects.

Example Google "Area 120"

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It is a dedicated space for the business creation process, supports the growth of early-stage enterprises. It fosters a favorable startup environment, reducing launch costs, boosting entrepreneur confidence, and facilitating access to resources for competitive scaling. Incubator programs, initiated by private or public entities, expedite startup processes, offering financial and technical support to entrepreneurs, often originating from universities.

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A Center of Excellence (CoE) comprises skilled knowledge workers dedicated to providing an organization with best practices in a specific area. Originating from lean manufacturing, the pursuit of efficient end-to-end processes for an enhanced customer experience has made excellence a business necessity. Organizations aim to lead by establishing various forms of CoEs, focused on developing essential capabilities and yielding returns from organizational assets.

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Transformative innovations represent significant advancements in existing technologies, products, or services, involving changes for improved performance or user experience, often driven by established companies, aim to refine existing solutions through continuous improvement rather than radical shifts. However, most attempts at introducing new models fail, but having a higher number of trials usually correlated with a greater chance of success at transformation.

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Community of practice enhance the collaboration between different teams and individuals, by setting clear goals and working together towards them it's easier to achieve better results. It encourage team work and trusting what other's are doing. Innovation companies can work by sprints to make a kind of race between teams formed by people from different backgrounds and environments to create between brainstorm and come with different and new ideas.

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Co- creation should involve the customer journey and user stories to take regular feedback from the users along the way of innovation while also providing the resources to facilitate effective decision-making. Moreover, look at it from the design thinking process of focusing on the problem, rather than just looking for a solution.

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It is money collected from investors in order to support and invest in new startups or growing businesses who has potential to become successful and have potential to grow.

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Group-2

It’s a collaborative approach where different stakeholders, often including customers or end-users, actively participate in the development process of a product, service, or solution.

It is where the adaptation is crucial to 2 businesses together and their teams with decision making, feedback, shared responsibility etc..

It’s like Nissan and Renault

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The organization can foster their "Center of Excellence" (CoE) by creating an Innovation Committee. The Innovation Committee oversees the entire journey and it should include a mix of management and staff from different departments within the organization. They should also leverage on technology by creating and aligning digital strategies with growth objectives and ensure the effective implementation of digital projects.

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Once the innovative idea is specific and clear, team members will work on together to design and realize the idea as soon as possible. Continuous updating and fine-tuning are encourage to strive for excellence.

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It's like a boot camp for startups, where an organization helps them grow quickly by providing mentorship, funding, and connections over a few intense months

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It's like a boot camp for startups, where an organization helps them grow quickly by providing mentorship, funding, and connections over a few intense months

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Innovation training is a training course that provides employees with innovative thinking and methodology. Here, employees can learn the basic concepts of innovation, the required tools and the latest technologies, master the innovation process and methods, and cultivate innovation awareness and capabilities. This can stimulate employees' innovative potential and enhance the company's innovation capabilities.

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Innovation Lab it’s where within an organization there is a space for creativity, experimentation and collaboration for the goal of implementing new ideas and solutions

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Basically it means , firms providing expertise to each other for mutual growth/development. For example: Network effect (more android phones, more app users ).

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Long-term collaborations that aim at leveraging each other's strengths and resources to grow and develop

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Long-term collaborations that aim at leveraging each other's strengths and resources to grow and develop

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A community of practice fosters a culture of collaboration towards a common goal, bringing together diverse members to share their practices and enrich the collective whole. For a company, building a community of practice, can lead to innovative idea creation that would be creative and feasible as inputs would be from relevant stakeholders. This would also help recognise the efforts of individuals and improve overall efficiency and culture.

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Investments that support startups with high growth potential 

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Investments that support startups with high growth potential 

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Design sprints are designed to solve complex problems and validate innovative solutions. In a design sprint, team members usually consist of cross-functional teams who focus their efforts in a short period of time to quickly verify and improve innovative solutions in a timely manner through a series of design and user testing activities.

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Day 1: Understand and Define

Define: Teams define a specific problem statement and select a focus area for ideation.

Day 2: Ideate

teams create a prototype of their solution, focusing on the core functionality and user experience.
Day 3: Prototype and Test

Teams reflect on the testing outcomes, identify areas for improvement, and discuss next steps for iteration and refinement.
Day 4: Iterate and Finalize

Each team presents their prototype to the wider TechVibe Solutions team, including leadership and key stakeholders. Teams receive feedback and insights from the audience, facilitating discussion and brainstorming for potential implementation strategies.

By following this Design Sprint framework, TechVibe Solutions can harness the collective creativity and expertise of its employees to generate innovative solutions that address real-world challenges and opportunities. Additionally, this process will help instill a culture of innovation within the organization, fostering collaboration, experimentation, and continuous improvement.

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A co-experimentation track is a collaborative initiative involving multiple stakeholders who come together to explore, test, and iterate on new ideas or solutions. By co-designing experiments and sharing resources, expertise, and insights, participants can accelerate innovation, mitigate risks, and achieve mutual objectives. This approach fosters a culture of openness, collaboration, and continuous learning, driving meaningful progress and impact across diverse domains or projects.

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An external incubator is a program or entity outside of an organization that provides support, resources, and mentorship to startups or entrepreneurs in their early stages of development. These incubators offer access to funding, expertise, networks, and infrastructure, helping fledgling ventures navigate challenges, refine their business models, and accelerate their growth trajectory in the external ecosystem.

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External parties providing assistance, technical support, mentorship, fundraising advice, capital investment advice etc. for speeding up the process either in exchange of equity or fees.

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An external incubator is typically a separate entity that collaborates with various startups, often from different industries.

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A Center of Excellence (CoE) is a specialized unit or team within an organization recognized for its exceptional expertise, knowledge, and leadership in a specific domain or field. CoEs serve as hubs of excellence, driving best practices, innovation, and thought leadership within their respective areas. They often provide guidance, training, and support to other teams or departments, contributing to overall organizational success and excellence.

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Innovation transformation involves a strategic overhaul of organizational practices, processes, and culture to foster a more conducive environment for innovation. This comprehensive approach aims to embed innovation into the fabric of the organization, empowering employees to think creatively, take calculated risks, and embrace experimentation. By embracing innovation transformation, companies can adapt to changing market dynamics, stay competitive, and drive sustainable growth.

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It allows companies to tap into expertise and ressources of external partners to develop innovative Product and business models

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(group 3) a co-creative session should gather diverse people from the organization to work on a specific subject, collaboratively

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(group 3) a co-creative session should gather diverse people from the organization to work on a specific subject, collaboratively

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An internal accelerator is an initiative within a company aimed at catalyzing the development and scaling of innovative projects or startups originating from its own workforce. This program typically provides resources, mentorship, and networking opportunities to internal teams or individuals, enabling them to rapidly prototype, test, and iterate on their ideas, ultimately driving innovation and growth within the organization.

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By encouraging internal incubator, the employees feel free to keep innovating and pushing them to do better things everyday. Companies might give challenges to tackle and this way they will feel committed with the problem or need they are trying to solve. Also, the employees with better ideas and that provide more product viable changes should be some way rewarded.

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A community of practice is a group of members with a common interest, expertise, or work task who learn and grow from each other through the exchange of knowledge, experience, and best practices. In enterprises, communities of practice can provide employees with a platform for communication and learning, promoting innovative thinking and knowledge sharing. By participating in communities of practice, employees can obtain feedback and support in the innovation process and create new ideas and solutions, thus promoting the innovative development of the enterprise.

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An innovation lab is a dynamic space or program within an organization designed to cultivate creativity, experimentation, and collaboration. It serves as a hub for generating and refining novel ideas and solutions to address challenges or capitalize on opportunities. By fostering a culture of innovation, these labs propel organizational growth and adaptability in an ever-evolving landscape.

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While having co-creation sessions the bias some teams might have affect less, as people co-exist with different point of views and become tolerant to them.

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Internal incubator is a program inside the company, dedicated to nurture internal ideas, to develop new product is a "start up" way (group 3)

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Internal incubator is a program inside the company, dedicated to nurture internal ideas, to develop new product is a "start up" way (group 3)

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Bring people from different environments and partner with students to work in some projects from time to time, so they can have fresh and youthful ideas.

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Structural partnership basically means Equity sharing percentage , in some cases it is based on management fees, commission etc.

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Startups have fixed time to show results in exchange of equity. The accelerator provides guidance, support and limite funding in exchange for equity

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Startups have fixed time to show results in exchange of equity. The accelerator provides guidance, support and limite funding in exchange for equity

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Bring together design, business, and technology

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Bring together design, business, and technology

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Together alone. Design Sprints harness the power of silence.

Tangible discussion. In a Design Sprint, everything is captured.

Everyone has a voice. Nobody is left behind in a Design Sprint.

There are strict time boundaries.

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External incubators drive innovation by providing startups with essential resources, mentorship, and networking opportunities. They create a supportive environment where entrepreneurs can develop and refine their ideas, fostering creativity and experimentation. By offering access to funding, office space, and experienced advisors, incubators help startups overcome common barriers to success. Through networking events and connections, startups can collaborate, gain exposure, and attract investment. In this way, external incubators play a vital role in nurturing innovative ideas and turning them into thriving businesses.

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3 relatively common partnership : general, limited and limited liability

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3 relatively common partnership : general, limited and limited liability

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Responsabilities and control then plan to hash out other issues

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The aim is to gather people from different background to think and develop rapidly features or applications for the company or the institutions that organizes the hackaton (group 3)

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The aim is to gather people from different background to think and develop rapidly features or applications for the company or the institutions that organizes the hackaton (group 3)

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Venture Funds are usually equity based funding on certain firm valuation. In early stage funding it is done by Angel investors(Individuals). Later on VCs come into picture with higher valuation at certain equity. They provide guidance and expertise.

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Manage the money of invest ors who seek private equity stakes in startups and small to midle size company with strong growth potential

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Manage the money of invest ors who seek private equity stakes in startups and small to midle size company with strong growth potential

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Dedicated Space or Company which aim is to innovate/create

Interdisciplinary environment where people with different skills, education and background can co-create together. Very diverse teams.

Created by organisation which recognise the needs for innovations.

Labs use design-thinking methodologies a human-centred approach for problems solving.

This involves understanding user needs and experiences, generating a wide range of ideas, prototyping and testing solutions, and iterating based on feedback.

Rapid prototyping and testing (3d printing, virtual reality etc.)

Involving external partners

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a community of practice involves coordination and cooperation across diverse sectors.Information sharing and intense communication are essential for better practice.

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Structural partnerships can provide some benefits such as cost savings, access to new markets, shared expertise and resources, and reduced risks.But at the same time it requires a significant investment of time, resources, and trust to create a mutually beneficial relationship.

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Structural partnership is a type of business relationship where two or more organizations form a strategic alliance to achieve common goals or objectives. In this partnership, the organizations collaborate to form a form and long-term relation rather than a simple transactional relationship. Structural partnerships has many forms, such as joint ventures, mergers, acquisitions.

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growth program that provides support to a validated business concepts to scale fast. The support can be in the form of: resources (people and money), mentors, connections and knowledge

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growth program that provides support to a validated business concepts to scale fast. The support can be in the form of: resources (people and money), mentors, connections and knowledge

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The willingness to leverage on external sources of knowledge requires enabling connections that widen the potential to realize new business opportunities

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The willingness to leverage on external sources of knowledge requires enabling connections that widen the potential to realize new business opportunities

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The emprovement of existing software or the design of new applications in the field of digital technologies

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The emprovement of existing software or the design of new applications in the field of digital technologies

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A creatve process with broad and varied objectives often focused on the proposal of innovative IT solutions

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A creatve process with broad and varied objectives often focused on the proposal of innovative IT solutions

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They can add value to organizations in numerous ways across all business units due to their specialized subject matter expertise and operational agility:

1. Use your resources efficiently.

By centralizing scarce, high-demand capabilities like knowledge, skills, and work experience, CoEs are able to widen the reach of those capabilities and streamline access to them across the organization.

2. Deliver results quickly.

CoEs are able to eliminate bottlenecks by increasing the speed of delivery, development, and maintenance of critical business processes.

3. Optimize costs.

CoEs eliminate inefficient practices and decrease costs by simplifying processes, creating reusable assets, and reducing redundancy.

4. Improve the quality of your services and/or products.

By standardizing best practices across the organization CoEs enable uniformity of service and product delivery, along with tight, end-to-end customer experiences.

5. Gain access to the right expertise at the right time.

CoEs make it easy to leverage the right expertise across your organization when you need it.

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Design Kit is IDEO.org's platform to learn human-centered design, a creative approach to solving the world's most difficult problems.

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we need to find complementarity and common interest with a partner. Each partners keep their identity. Co-development means that we can adapt the innovation to their business or their teams.

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we need to find complementarity and common interest with a partner. Each partners keep their identity. Co-development means that we can adapt the innovation to their business or their teams.

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It is a joint test between 2 or more organizations to validate the solution fit of an idea. The participants from different disciplines or backgrounds come together to share knowledge and skills and to explore a research question or hypothesis.
it refers to a collaborative approach to experimentation where multiple individuals or teams work together to design, implement, and analyze experiments.

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A physical or virtual center of knowledge concentrating existing expertise and resources in a discipline or capability to attain and sustain world-class performance and value. They usually involve internal stakeholders, internal and/or external subject matter experts, as well as employees who typically execute work.

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External accelerators (or startup accelerators) are acceleration programs funded and run by public or private entities that assist startups and entrepreneurs accelerate the development and growth of their business.

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Venture funds are funds invested by wealthy people or companies to invest in high risks start-ups in exchange for equity. The idea is to invest in a company's balance sheet and infrastructure. Investement in early stage companies.

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Venture funds are funds invested by wealthy people or companies to invest in high risks start-ups in exchange for equity. The idea is to invest in a company's balance sheet and infrastructure. Investement in early stage companies.

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Centers of excellence require the support of executive leadership — they must have buy-in from the top-down for successful organization-wide adoption. CoEs are also more easily implemented in organizations that have a collaborative environment. They require cross-functional work and frequently leverage expertise from external resources like independent consultants or subject matter experts, so when collaboration and flexible resourcing is already part of the culture at an organization, implementation is more natural.

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An incubator separates intrapreneurs outside of the organization to validate the solution fit of ideas.

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A short learning track to grow the knowledge and interest of employees.

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a rapid prototyping event where teams comprising complementary profiles and skillsets comete to create innovative solutions and proof of concepts to a challenge.

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a rapid prototyping event where teams comprising complementary profiles and skillsets comete to create innovative solutions and proof of concepts to a challenge.

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A community of practice is a crossfunctional group of innovation ambassadors. 

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A community of practice is a crossfunctional group of innovation ambassadors. 

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Innovation transformation is a process by which an organization changes its approach to innovation in order to achieve more effective and efficient outcomes. Innovation transformation involves a comprehensive overhaul of an organization's innovation strategy, processes, culture, and capabilities in order to achieve breakthrough performance improvements.

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Innovation transformation is a process by which an organization changes its approach to innovation in order to achieve more effective and efficient outcomes. Innovation transformation involves a comprehensive overhaul of an organization's innovation strategy, processes, culture, and capabilities in order to achieve breakthrough performance improvements.

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Innovation transformation is an ongoing process that requires commitment, resources, and a willingness to change. It is a long-term investment that can result in significant competitive advantage for the organization.

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Innovation transformation is an ongoing process that requires commitment, resources, and a willingness to change. It is a long-term investment that can result in significant competitive advantage for the organization.

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 acceleration programs funded and run by corporations. Team members develop internal ideas in a given time, sometimes in exchange of equity (e.g. Google Ventures).

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 acceleration programs funded and run by corporations. Team members develop internal ideas in a given time, sometimes in exchange of equity (e.g. Google Ventures).

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Understanding real life customer problems, generating prototypes, feedback and iteration cycles till there is a minimum viable product (mvp) so as to be efficient in terms of time, resources as well as budgets.

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Co-experimentation track encourages more diverse perspectives and can lead to more innovative and comprehensive solutions to complex problems and leads to new discoveries, insights, and products that can benefit society as a whole.

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Nestle Purina, which has more than 30 brands and 7,000 employees, set up its center of excellence in 2009, when the company first hired, Chris Padgett, vp of pet care at Nestle Purina. Padgett knew that his company needed to change the way it operates in order to be the best. The digital team was expanded and split into two: the brand strategists and the COE (center of excellence) folks. There’s one person assigned within the COE  to handle each of the following: mobile, CRM, social media, search, branded content, platforms and IT infrastructure. These individuals are tasked with knowing more about their given area than anyone else in the organization.

“We task them to really own enabling the organization to use these different platforms better or effectively than in the past,” Padgett said. “They are supposed to figure out how their particular focus can play a meaningful part of our brands’ marketing plans.”

For example, the social media COE led the exploration of Pinterest when the platform first rolled out. She had to figure out how the platform worked, what the opportunities were, which of the Nestle Purina brands it made the most sense for, how much should be spent on getting onto the platform and how to create an impact there. The digital brand strategists are then able to more effectively figure out the tactics they should put in place to make the most of the Pinterest platform.

Currently, Nestle Purina’s infrastructure COE is working on understanding ratings and reviews on its own platforms. The COE found the vendor partner, handled the RFP process and picked a few Nestle Purina brands to pioneer this. As a result, the company is working with Bazaarvoice to create something like a shell for what ratings and reviews will look like for Nestle Purina. This way, in the future when other brands want to add this to their social, Web and mobile destinations, all of the ground work will be in place

“The COEs figure out the best practices, and the digital strategists are the integrators of the best practices,” Padgett said.

It’s obviously been working well for Nestle Purina, since the company is currently in the process of further expanding the COE group. The company is also in talks right now on whether this should be a global effort. Also, the company is trying to figure out if each of the Nestle Purina brands should get its own COE.

“It’s a wonderful position to learn, explore and innovate,” Padgett said. “If we are not learning and growing, then we are just reacting. That does not get you ahead of the competition.”

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A community of practice is a crossfunctional group of innovation ambassadors.

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The purpose of a Co-Creation Session is to convene a group of people you’re designing for and then bring them into the design process.