Eaton Wins Open Innovation Award
The BuisnessWire website reported that power management company Eaton has received the Berkeley-Haas Open Innovation Award, placing second in the Business Transformation category. Eaton was recognized for leveraging open innovation to transform its corporate culture, launch new cross-functional, multi-national initiatives, and collaborate with external technology experts around the world. “Companies are learning that being more open in their innovation processes can create stronger businesses and happier customers,” said Dr. Henry Chesbrough, faculty director of the Garwood Center for Corporate Innovation at Berkeley-Haas, who coined the term open innovation. “All of us know more than any one of us, and these companies are truly changing the way we all solve problems, compete and collaborate.”
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