EDITOR’S NOTES

Dear reader,

To say that 2020 has been a year to remember would be quite an understatement. As nations around the world grapple with a health crisis of biblical proportions, corporations are scrambling to keep their revenues flowing and their various critical functions running smoothly.

In the Chinese language, the word “Crisis” is actually composed of the words “Danger” and “Opportunity”. Smart executives across the globe realize that these perilous times are actually a great opportunity to dominate the market if the right moves are made. As research shows, companies that invested in innovation during the last big crisis of 2007 actually came out of that period with significantly better business performance than their industry benchmark.

In this issue, we decided to pause and look back at some of our best articles about open innovation because we believe that established organizations can benefit greatly from working with external actors. This injection of fresh technology can be done based on various models some of which are reviewed through our fascinating subjects of interviews. Organizations that seek to incorporate external technology for the benefit of their efficiency, effectiveness and revenue generation find that results can be achieved relatively quickly. That is providing the organization has what we named “Internal readiness” which is described in a dedicated article in this issue.

Working with clients on open innovation is very educational as we learn many things that work and some that don’t. In this issue we tried to summarize some of the more impressive cases we encountered and in it you will find some of the keys to open innovation success.

I wish you that this crisis will turn into your capitalized business opportunity. We have tried to contribute our small part to that happening.

Regards,

Ahi Gvirtsman

Chief Editor & Spyre Global Partner