Ten Guidelines for Creating Opportunities in a Time of Crisis

By • on April 15, 2020

The Knowledge@Wharton website noted that many companies have on their staff non-productive employees who do not have the competencies needed to succeed in the 21st century. It is possible to build a new talent strategy around a small core of full time-employees (mostly the designers of strategies and programs, the implementers who have to integrate the offerings, and the leaders) and augment it with the talent of open innovation. Such a fluid organizational structure, which combines the talent, capabilities and agility of employees with networks of independent contractors, can help spur open innovation. Research across more than 1,000 cases shows that open innovation can be more than four times faster and eight times cheaper than relying on internal talent alone.

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