Leveraging Open Innovation to Improve Society

The Wiley On-line Library posted a study from the journal R&D Management which noted that it has become clear that Open Innovation directly improves organizations’ economic performance and resilience, but researchers, practitioners, and policy makers became also convinced that OI might be the way forward to tackle the world’s most pressing societal challenges, representing unresolved Grand Challenges, which can only be weathered by diverse sets of collaborative partners that combine forces. Although anecdotal evidence shows how OI practices can be employed to achieve societal impact not only in private firms but also in public organizations, very little understanding exists ‐beyond anecdotal‐ to tie OI to societal impact.

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