Social Technology’s Role In Developing Open Innovation
The Inquid website notes that social technologies, when properly utilized by a business can be very helpful in facilitating open innovation. As part of the duty of strategic management, identifying the opportunities the social market gives a business can take it to greater heights. This cannot be done blindly though. A framework has to be created to ensure the company gets good results. Also, the role of specific social technologies needs to outlined so as to use the right technology for the appropriate task.
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