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Societal Trust and Open Innovation
The Science Direct website posted a study which investigates whether societal trust—a key aspect of informal cultural norms—serves as an effective mechanism in improving relational governance among partners, thereby leading to better collaborative outcomes. The study shows that firms in high trust countries are able to produce a higher level of
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How to Create a Strategic Partnership to Spur Innovation
The Business to Community website noted that just as people are motivated by the company they keep, companies are influenced by the partnerships they embrace. Those hoping to innovate would be wise to look beyond their own walls and form partnerships with universities, startups, and other industry players. Working
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Establishing Open Innovation Culture in Cluster Initiatives
The Science Direct website posted a research paper which studied the performance of firms located in clusters. It examined inbound and outbound open innovation in terms of organizational culture in a geographic cluster. It found that agglomeration effects lead to higher trust and information asymmetries
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The Digital Personality of Financial Services
The BW Business World website noted that when a leading financial institution creates a core platform and opens it up for innovation by all or many, it tends to be driven by a strategic vision of that market leader and a willingness to accelerating innovation through open collaborations. This enables
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Innovation in the Open
An article on the Chemistry World website noted a trend in open innovation: rather than drawing start-ups closer to obtain their intellectual property, some firms are shifting to a more collaborative approach. This strategy foresees collaboration agreements, or business support, and subsequent shared
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Knowledge Transfer in Open Innovation
The Emeral Insight website posted a study which noted that despite the abundance of research in open innovation, few contributions explore it at inter-organizational level, and particularly with a focus on healthcare ecosystem, characterized by a dense network of relationships among public and private
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The 12 Disciplines of Consistently Innovative Organizations
The Innovation Excellence website noted that there are certain common disciplines that seem to mark the most consistently – and successfully – innovative companies. The article identified twelve disciplines that businesses – if they are to be consistently successful at innovation and market
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Digital Strategy to Reimagine Your Business
The Innovation Excellence website noted that open innovation can work in many but not all situations. Open innovation is best suited for well-defined problems that can usually be broken into smaller tasks with a clear goal. An ambiguous problem such as “what is the future of banking” is not well-suited
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Involving Experts and Patients to Define Research Missions
The Euroscientist website reported that the Ludwig Boltzmann Gesellschaft (LBG) — a Austrian research organisation located in Vienna — is currently experimenting with Open Innovation in Science to systematically steer missions for their future research groups. Open Innovation in Science has been
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Webinar: Open Innovation and Intellectual Property
The CIPA website announced a webinar noting that Open Innovation and Intellectual Property Rights are seemingly concepts that are at odds. The idea that there be a flow of ideas into and out of an organization to the benefit of all parties certainly presents challenges to patent attorneys. The prevailing
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