TIM in the MIX: Vote for Our Hack at the HBR M-Prize: Global solutions, local failure: Overcoming barriers in implementing open innovation

Hbr-mck-mixOur group has been invited to participate at the HBR-McKinsey M-Prize . Now we need your support! If you want to see our proposal outlined below become a winning idea, please head over to the official website and "like" our idea: Global solutions, local failure – Overcoming barriers in implementing open innovation
For those not familiar with the M-Prize, here is a short summary from their official website:

The Management Innovation eXchange (MIX) is an open innovation project aimed at reinventing management for the 21st century. The MIX is based on the premise that management is nothing less than the technology of human accomplishment and that, after 100 years of incremental tweaks, it now needs to be reinvented for a new age.
The M-Prize is the MIX’s call to management innovators (and aspiring management innovators) around the world to make a real difference when it comes to improving management thinking and practice.

Here is a short summary of our submission:
Many companies today pilot open innovation (OI) and crowdsourcing, but only few are making it a permanent practice. A consortium of six German SMEs finds that OI can radically improve the productivity of technical problem solving, but demands strong internal promotors and dedicated processes to overcome resistance and barriers.
You can find the full proposal here! Thank you for your support!!

PS: The topic of implementing open innovation in an established firm also is the theme of our upcoming European Open Innovation Practicioner Program.

About the Author:

Frank T. Piller is a Co-Director of the MIT Smart Customization Group at the MIT Media Lab, Massachusetts Institute of Technology, USA, and a chair professor of management at the Technology & Innovation Management Group of RWTH Aachen University, Germany, one of Europe’s leading institutes of technology. Before entering his recent position in Aachen, he worked at the MIT Sloan School of Management (2004-2007) and has been an associate professor of management at TUM Business School, Technische Universitaet Muenchen. Frequently quoted in The New York Times, The Economist, and Business Week, amongst others, Frank is regarded as one of the leading experts on strategies for customer-centric value creation, like mass customization, personalization, and innovation co-creation. His recent analysis of the crowdsourcing business model “Threadless” (co-authored with Susumu Ogawa), an innovative crowdsourcing business model in the fashion industry, has been elected as one of the Top-20 articles in MIT Sloan Management Review.