4 Ways Open Innovation Can Drive Your Business

By • on June 18, 2013

An article on the Forbes Magazine site reported that ever since General Electric built the first industrial lab in 1900, research and development has been a highly secretive affair. However, amidst the cloak and dagger scene 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.  Here’s how to make it work.

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