Managing for Ambiguity
The Stanford Social Innovation Review website noted that a recent evolution in in innovation—from a closed model to a more open one—is in the process of becoming more ecosystem-centric. Of note is the trend away from the maximization of corporate value and toward maximization of social value. Current innovation theories favor collaboration between a variety of stakeholders (Open Innovation 2.0). The emphasis in open innovation has shifted away from maximization of economic value in the corporation toward finding resolutions to common social problems.
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