Supply Chain Faces Value Creation Imperative
The EPSNews website reported that high-tech firms focused on digital business transformation are increasingly leveraging external partnerships to deliver holistic goals to create new value. Given the extent of the opportunities to generate business value, the use of innovation ecosystems is expanding. Many of the challenges facing today’s supply chains are so complicated that no one organization can solve them. Instead, solutions emerge from interdependent partners in innovation ecosystems through the process of “open innovation,” a term coined by Henry Chesbrough, executive director of the Center for Open Innovation at the Haas School of Business at Berkeley.
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