Technology Development and Open Innovation

By • on October 2, 2014

The Inknowvations website noted that the complexity of product innovation means that companies will frequently work with a number of partners. Working together with others means that the company’s own R&D resources are used most effectively. This is particularly the case for SMEs with limited resources that need to concentrate on their core competencies and therefore depend on relationships with others. A number of factors can lead to success in interactions of this kind. One central factor is goal complementarity, which means that cooperating organizations have non-competing, complementary goals (not identical).

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