Inculcating an ‘Innovation by Design’ Culture in Organizations

The People Matters website posted an article which noted that organizations have realized that innovation does not only happen within an organization. Many times, it needs an external partner who can help inspire, discover or define opportunities i.e. through “open innovation,” i.e. by interacting and co-creating with the world at large. Open innovation has the potential to unlock hidden potential to find solutions for pressing problems through collaboration and shared knowledge. In open innovation, organizations embrace new partnerships that help them explore new pathways that go beyond traditional avenues. By collaborating and co-innovating with academia, start-ups, and think tanks, organizations can accelerate innovation and the culture of being always “on” and always open.

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