What Is Open Innovation?
The RTE website noted that “No matter who you are, most of the brightest people don’t work for you. They work for someone else. [So] you need a strategy that allows for innovation elsewhere”. That’s what Bill Joy co-founder of Sun Microsystems famously said, and the quotation later became known as Joy’s Law. Open Innovation is built on this very principle that valuable knowledge and innovation exists outside your organisation, but the challenge is how to find and integrate this knowledge for the organisation’s benefit.
Click here to read the full article.
Related Posts
Five Winners Of Head Health Challenge
Improving the Adoption of Open Innovation 2.0 by using a TRIZ-Based Approach
Unlocking a Hotel Innovation Strategy
Carving A Niche – An Interview With Dr Robertus Heru Triharjanto Of BRIN Indonesia
Value Capture in Open Innovation Markets: The Role of Patent Rights for Innovation Appropriation
Open Innovation as a Business Performance Accelerator: Challenges and Opportunities for the Firms’ Competitive Strategy