Optimal Level for Open Innovation Investment
The Wellspringworldwide website reported a recent study which measured the R&D performance from Open Innovation activities. The paper, “Towards an open R&D system”collected data on the innovation performance of 2,537 companies that were engaged in different levels of Open Innovation practices. The study provides a great overview of how different investments into internal vs. external R&D practices (i.e. Open Innovation) have contributed to the launch of innovative products. The study provides a powerful story about the role of Open Innovation in enhancing the performance of R&D.
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