Recently, I was asked by the Product Development & Management Association (PDMA) to present on our innovation and corporate transition to an open model. The PDMA was interested in hearing about our transition:
- What were the motivating factors?
- How did we address strategic planning?
- What management considerations were necessary?
- How can other companies incorporate open innovation into their company’s offers?
These questions and many more were covered at the event along with an engaging discussion.
At Aras we have kept our focus on providing the optimal environment for corporate community innovation. Our calculation was that by doing so we would accelerate the profitable growth of our own business. To date, our results indicate that we under estimated our assumptions. Innovation exceeds our most optimistic expectations and our business is benefiting significantly.
The effect represents a true win-win situation. Thousands of companies are taking advantage of the Aras software to improve their businesses, and are realizing considerable advantages though collaborative participation that would have been unattainable without the open model.
The network effect results in better software solutions with more advanced capabilities than any conventional systems provider can produce; the process itself increases market share and sales for Aras. The principles at work are pretty straightforward and undeniably powerful.
For more details on our transition and the innovation of the open model, check back and I’ll include a link to the PDMA site when they post.
If you’d like to check out further coverage in the mean time, here’s a post by Paula Rooney at ZDNet:
Pure Play Open Source Microsoft ISV Details Transformation from Proprietary World