Fashion’s TheCurrent Pushes Open Innovation
The website WWD reported that the new fashion firm TheCurrent’s mission is to gather retail and brand leaders around the world through an open-innovation environment to help companies cut down on their research and development costs while they discuss and create cutting-edge solutions to help firms increase sales. The firm’s founder noted that “When you innovate internally, you can’t move as fast as you are [restrained] by the company’s limitations. An open-innovation [process] can filter all that is going on, and then you can act fast [on what’s important to you].”
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