What
makes Collaborative Innovation Networks (COINs) better?
COINs allow for building organizations that are more creative,
productive, and efficient
by applying principles of creative collaboration,
knowledge sharing, and social
networking. Sponsors and members of Collaborative
Innovation Networks often change their work and leadership
styles to become more creative innovators,
more efficient communicators, and more
productive collaborators. The evidence
shows that COINs can be leveraged to develop successful
products in R&D, grow better customer
relationships, establish better project
management processes, and build high performing
teams. COIN-enabled organizations demonstrate
more efficient leadership, culture, structure, and business
processes.
Transforming Organizations to Support COINs
Over the past two decades, businesses have largely focused
on streamlining structured business processes. Today,
the challenge is to optimize the flow of knowledge, streamlining
unstructured, knowledge-intensive innovation processes
and turning organizations into Collaborative Innovation
Networks.
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