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• August 18, 2024

Very Large Scale Innovation

Very Large Scale Innovation

How to Make Innovation Happen at a Very Large Scale

Srijan Sanchar presented it's model of Large scale innovation based on Extended Enterprise Ideation and Innovation. "Very Large Scale Innovation"  VLSI  innovations happens  by connecting  the dots  across organization,  network or ecosystem. Achieving innovation on a massive scale requires a systemic approach that involves a combination of strategic thinking, cultural transformation, and technological advancements. 

VLSI   refers to the practice of leveraging external ideas, technologies, and expertise to complement internal efforts for achieving innovation. Unlike traditional closed innovation models, where all innovation activities are confined within the organisation's boundaries, Open Innovation advocates engaging with a diverse network of stakeholders; including customers, suppliers, research institutions, and startups. This approach enables a broader range of perspectives, accelerates problem-solving, and capitalises on the collective intelligence of the ecosystem.

The primary driver is the opportunity to discover and connect  unknown resources  and unexpected ideas. The secondary driver is the opportunity to create new solutions. Organisations seek to fill knowledge gaps with immediate access  to expertise. Instead of starting from scratch, they can partner with a startup that has already developed the solution they need; avoiding pitfalls and incorporating valuable lessons. This significantly reduces time-to-market.The third driver is the ability to improve internal business practices. Unencumbered by traditional company structures, startups tend to be characterised by a hyper-creative and entrepreneurial mindset with high levels of autonomy and agility. A key reason why our respondents are engaging in startup collaboration is to allow inspirational culture and ways-of working to add value to their own organisation.

Leverage open innovation: Collaborate with stakeholders  including  customers  suppliers   to generate ideas. By implementing   VLSI  organizations can increase their chances of achieving breakthroughs on a large scale