Why More Companies Are Embracing Open Innovation

By • on October 3, 2015

The Fast Company website reported that open innovation didn’t used to be the way the most successful companies did business, but open innovation has emerged as a best practice when it comes innovation. A Harris Interactive survey late last year found 79% of executives believed their companies were effectively drawing on innovations from other industries. And 71% said they expected their companies’ investment in projects with outside innovation firms to rise in 2015.

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