Business Strategy and The Innovation Sandbox
The Forbes website noted that today, companies are increasingly pushing the boundaries of innovation both inside and outside their organizations. They are breaking down traditional silos and tapping a much wider ecosystem for new ideas, insights, talent and technology. An Innovation Benchmark study found that more inclusive operating models, such as open innovation, design thinking, and co-creation with partners, customers and suppliers, are now all embraced more than traditional R&D—and by a wide margin. Almost twice as many companies favor these models compared to R&D.
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