IT Innovation - Looking For Outside Help

Innovation has become a critical ingredient for success. This holds particularly true in the field of Information Technology, where change is rapid and sweeping. Many companies have had difficulty keeping up, and sometimes run out of ideas to solve their needs and resolve problems.

As a result, some companies are looking to Innovation Networks. These are essentially alliances that focus on issues faced by its members, and seek out ideas for resolving them. The idea has worked in many cases, because it brings in more brain power, along with people from diverse cultural backgrounds and experience. Collaboration is one of the defining characteristics of modern society and Innovation Networks fit this model well.

Wharton recently had a conference on this trend, and some commentary of the results are posted on the Knowledge@Wharton Website.