Gary Hamel Joins InnoCentive's Strategic Advisory Board

Mar 19, 2009, 16:03 ET from InnoCentive, Inc.

World-Renowned Business Thought Leader to Help InnoCentive Expand into New Markets and Grow Open Innovation Marketplace

WALTHAM, Mass., March 19 /PRNewswire/ -- InnoCentive, Inc., the global open innovation marketplace, today announced the appointment of Gary Hamel to the InnoCentive Strategic Advisory Board.

A world-renowned author, speaker and business thought leader, who has been called "the world's most influential business thinker" by The Wall Street Journal, Hamel brings exceptional business acumen and management leadership to the InnoCentive Board. This leadership will help InnoCentive expand into new markets and drive the adoption of open innovation as a strategic model for solving business, technological and research challenges.

News Highlights:

  • Hamel's landmark books, Leading the Revolution and Competing for the Future, have appeared on every management bestseller list and have been translated into more than 20 languages. His latest book, The Future of Management, was published by the Harvard Business School Press in October 2007 and was selected by as the best business book of the year.
  • Over the past twenty years, Hamel has authored 16 articles for the Harvard Business Review. He has also written for the Wall Street Journal, Fortune, The Financial Times and many other leading publications around the world.
  • Since 1983, Hamel has been on the faculty of the London Business School where he is currently Visiting Professor of Strategic and International Management.
  • As a consultant and management educator, Hamel has worked for companies as diverse as General Electric, Time Warner, Nokia and Nestle, to name a few.
  • At present, Hamel is leading an effort to build the world's first "Management Lab." The MLab is a pioneering attempt to create a setting in which progressive companies and world renowned management scholars work together to co-create "tomorrow's best practices" today. The goal: to radically accelerate the evolution of management knowledge and practice.
  • Hamel is a Fellow of the World Economic Forum and the Strategic Management Society. He lives in Northern California.
  • Hamel joins an extensive list of advisory board members - professors, leaders in open innovation and Web 2.0 technologies, whose backgrounds and global leadership have contributed to InnoCentive's current success.
  • Most recently, InnoCentive appointed two preeminent academics to its advisory board: Professor Eric von Hippel, head of the Innovation and Entrepreneurship Group at the MIT Sloan School of Management, and Karim R. Lakhani, an assistant professor in the Technology and Operations Management Unit at the Harvard Business School.

Executive Quotes

Dwayne Spradlin, CEO of InnoCentive, Inc.

"We couldn't be more pleased to have Gary join InnoCentive's Strategic Advisory Board. His body of work has become a must-read for forward-thinking leaders, and he is an authority on the topic of management innovation. In particular, Hamel's work at MLab and thoughts on next-generation management science are groundbreaking. His vision is perfectly aligned with InnoCentive's mission of advancing the use of open innovation in the 21st century."

Alpheus Bingham, Ph.D, founder and member, InnoCentive Board of Directors

"Hamel's addition to the board is an important step in furthering the widespread adoption of open innovation as a mainstream business tool. His expertise across industries and, in particular, his management leadership will be a great asset to InnoCentive as we think strategically about how to effectively scale the business over the next few years."

Professor Gary Hamel

"I have tracked InnoCentive's progress since the inception of the company, and have long-believed that it has the potential to establish itself as the world's premier platform for open innovation. Harnessing the world's brainpower to solve the world's toughest problems--this is InnoCentive's dream and is an extraordinary commercial opportunity as well. I am privileged to be able to play a small role in helping InnoCentive to reinvent the global business of innovation."

About InnoCentive

Founded in 2001, InnoCentive built the first global web community for open innovation, enabling scientists, engineers, professionals and entrepreneurs to collaborate to deliver breakthrough solutions for R&D-driven organizations. InnoCentive Seekers, who collectively spend billions of dollars on R&D, submit complex problems to the InnoCentive Marketplace where more than 170,000 engineers, scientists, inventors, business people, and research organizations in more than 175 countries are invited to solve them. Solvers who deliver the most innovative solutions receive financial awards ranging up to US$1,000,000. InnoCentive's Seekers include commercial, government and non-profit organizations such as Avery Dennison, Procter & Gamble, Pendulum, Eli Lilly and Company, Janssen, Solvay, GlobalGiving and The Rockefeller Foundation.

For more information on InnoCentive, go to:

InnoCentive and InnoCentive Challenge are registered trademarks of InnoCentive, Inc. Other product or service names mentioned herein are the trademarks of their respective owners.

    For more information contact:

    Connie French
    InnoCentive Marketing Director

SOURCE InnoCentive, Inc.