The Challenge of Adaptation
The Futurelearn website posed the question, how can we create the right conditions for successful open innovation? Two things matter: absorptive capacity, and how we build our relationships. We have to be able to draw information and knowledge from our open innovation networks and be ready and able to take that into our business, inside our boundaries, and revise what we know and understand, then act on it. Questioning what you know, your assumptions and the organization’s stock of prior knowledge is not easy and requires the organization to put in place routines, activities and processes to identify, acquire, assimilate and exploit new knowledge if it is to benefit from open innovation.
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