Research Indicates Open Innovation Gaining Momentum

By • on October 15, 2014

The Imperial Valley News website reported that large U.S. and European companies embrace the concept of open innovation, but firms are still learning how to get better results by combining external input with internal ideas to advance their technology, processes or services, a new study shows. The research surveyed 125 large firms in the United States and the study concluded that open innovation is widely practiced and that companies are significantly boosting management support to enhance activity for the practice.

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