What Is Open Innovation?

By • on September 30, 2019

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.

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