Successful Open Innovation Strategies
The APQC website noted that that enthusiastic and engaged senior leaders can play a vital role in enabling a successful open innovation strategy. This is one of the key enablers for open innovation identified in APQC’s recent Best-Practices Report–Open Innovation: Enhancing Idea Generation Through Collaboration. Nearly all of the best-practice organizations featured in the report have senior managers that take an active sponsorship role for the open innovation initiative. This support goes beyond just speaking about the importance of open innovation to actively being part of the process.
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