Opening Your Innovation Processes
A blog on the Garwood Center for Corporate Innovation website noted that whether you are in a large organization or a small one, chances are you need to open up your innovation processes. But in order to do this effectively, you must connect your business model to your innovation process. Companies that are large typically enjoy strong business models but It is harder for them to change their business models, in order to exploit open innovation opportunities. Small companies, on the other hand, lack the strong business model and resources to enable them to exploit the opportunities of open innovation without fear of being copied by a larger foe. IP protection can only be one of many tools in their business model to strive to reach success.
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