4 Ways Open Innovation Can Drive Your Business Forward

By • on August 6, 2014

The DigitalTonto website noted that Ever since GE built the first industrial lab in 1900, research and development has been a highly secretive affair.  Security protocols have been regarded almost as important as scientific ones.  Industrial espionage has been pursued as zealously as the political kind. However, amidst the cloak and dagger a new open innovation trend has begun to take hold.  The turning point was Henry Chesbrough’s 2003 book, Open Innovation, which coined the term and laid down basic principles.  Since then the idea has gained steam and it’s becoming clear that open innovation initiatives are key to staying competitive.

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