Global Business Innovation Conversations 2019 - Video 2
[Start transcript]
[Kelly Hutchinson]
Innovation is a mindset. And open innovation is about an open approach.
[Hans Erler]
What was good in the past may be bad for today, and that's why we need innovation.
[Matthew Young]
We are here tonight to talk about open innovation and how people can collaborate and come together.
[Justyna Dabrowska]
The experiences of other companies, how they try to embrace it.
[Bernard Lee]
Realising that not all the best ideas come from within our organisation.
[Kelly Hutchinson]
Blurring the boundaries of where that innovation might come from.
[Matthew Young]
Leverage the power of one plus one equals many.
[Hans Erler]
Innovation in the tech age follows new logics, openness, speed and transparency.
[Peter Carney]
The big thing that's happening in the world is that there are a whole lot of technologies breaking at the same time. I don't think it's possible for any company to deal with all those technologies by themselves.
[Matthew Young]
Australia has lost innovation from its national agenda. How can we collaborate? How can we create scale, so that we can do something more than just survive?
[Hans Erler]
Every new era offers new possibilities for development and action. Innovations in one field, inevitably, lead to innovations in other fields. Collaboration, it's a pretty reclusive for open innovation.
[Justyna Dabrowska]
It's all about that cross-fertilisation to work collaboratively within different industries.
[Kelly Hutchinson]
Companies who are competitors can actually work together collaboratively. Collective action, there is so much more you can achieve.
[Bernard Lee]
When you do things together, you can obviously create much greater opportunities.
[Matthew Young]
Become more globally competitive, really energise our industries and our businesses.
[Peter Carney]
So that you can absorb those technologies faster and better.
[Tena Obradovic]
The panellists were great, [inaudible] *0:01:40.8 a lot of interesting questions.
[Joona Keränen]
It's really interesting to hear different perspectives on open innovation, how could they can really embrace it.
[Matthew Young]
The problem is identifying your competitor, acting on the right competitor.
[Bernard Lee]
Competition is new technology, it's new disruptions. Part of innovation is not about fearing and defending against that, but about adopting it.
[Anne-Laure Mention]
Pursue the unexpected. Challenge your initial assumptions.
[Matthew Young]
It's us working smarter, it's us engaging with all the resources that we have.
[Kelly Hutchinson]
Fostering the applications of technologies into addressing social challenges.
[Peter Carney]
Australia is 20 million people in the world-- it's about 8 billion people. The opportunity is there and a significant one for Australia.
[Hans Erler]
Open innovation has to do with going to other countries, learning to know about other people, about other equal systems.
[Jason Loo]
Tonight's example of Swarovski was excellent.
[Hans Erler]
We are a company now having $3 billion in sale. Open innovation, it's in our DNA.
[Himanshu Gupta]
It's good to know that organisations throughout history of 200 years actually thinking about innovation the way the younger generation has.
[Justyna Dabrowska]
It's not only about innovation, but how you actually organise internally.
[Bernard Lee]
The one thing that it comes back down to is culture, provide an environment where we are okay to take a little bit more risk.
[Justyna Dabrowska]
That safe space for intelligent failures.
[Bernard Lee]
Really gay turnout in terms of the people.
[Justyna Dabrowska]
We had more than 70 percent of people coming from the industry.
[Matthew Young]
Great diversity of views and understandings.
[Jason Loo]
It was buzzing, in terms of everyone wanting to get all this knowledge.
[Tena Obradovic]
The great thing is that, now, we have the opportunity to ask them.
[Bernard Lee]
The kinds of questions that were asked, there's a lot of passion and real interest in this space.
[Tena Obradovic]
I'm really glad that I had the opportunity to be here.
[Peter Carney]
It's a great initiative by RMIT to host these events.
[Hans Erler]
They have a special expertise in dealing with this innovation equal systems that are changing.
[Joona Keränen]
We need to have these kinds of conversations to spread important and emerging insights.
[Matthew Young]
Because a discussion is a beginning of open innovation and collaboration.
[Peter Carney]
There's ever marching creativity in humankind and companies need to keep up with that, match that and rise to the occasion.
[End transcript]
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