4 Types of Innovation and the Problems They Solve
The Harvard Business Review website noted that when you have a really tough problem, it often helps to expand skill domains beyond specialists in a single field. That, in essence, is the value of open innovation. Many believe it is just these kinds of unlikely combinations that are key to coming up with breakthroughs. In fact, a study analyzing 17.9 million scientific papers found that the most highly cited work tended to be mostly rooted within a traditional field, with just a smidgen of insight taken from some unconventional place. Sometimes, we run into a well-defined problem that’s just devilishly hard to solve. In cases like these, we need to explore unconventional skill domains. Open innovation strategies can be highly effective in this regard, because they help to expose the problem to diverse skill domains.
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