Rethinking innovation
Should toy manufacturers and product developers rethink how they go about creating new toys? It might be a good idea to consider that notion during this time when the Internet and costs of doing business make rethinking existing paradigms mandatory.
This question occurred to me as I read an article about how big corporate research and development labs are being impacted by the rise of the Internet and the lack of funding. The piece describes these labs as “…having their roots and rationale in the industrial era, when communication was costly, information traveled slowly and social networks were fostered at conferences and lunchrooms instead of over the Web.”
The article says that web based services like crowdsourcing and other open models are making it possible to bypass costly R&D centers and use a more populist method of innovating new products. In other words, use the Internet to let consumers, geeks and the thousands if not millions of other Internet denizens help you create innovative new products for free or close to free.
It seems to me that this type of approach is not only good for the big guys like Hasbro and Mattel but works particularly well for the small manufacturer who has little or no money to spend on R&D.
Here is how the article describes the concept in terms of high tech R&D but you can change a few of the words and see how it might apply to toy companies:
The best bet for corporate R. & D. labs…is to adopt a “federated” model that leverages all the innovative work by outsiders in universities, start-ups, business partners and government labs. The corporate lab’s role, then, is to be more of a coordinator and integrator of innovation, from both outside and inside the company walls.
Wouldn’t it be interesting to reach out to the Internet masses for assistance in innovating existing products or developing new ones? If you are in R&D or product development let us know what you think.
Kelli commented:
Haahhaha. I'm not too bright today. Great post!
Kelli commented:
Unparalleled accuracy, unequivocal clarity, and undneaible importance!
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