Digital Innovation Bodes Well for Future of UK
The ITProPortal website posted an interview with Philip Hargrave, CEO of the ICT Knowledge Transfer Network, which aims to boost the UK’s economic firepower through open innovation. Hargrave noted that in the past most organizations pursued a policy of ‘closed innovation’ on the premise that to be successful they needed to control the generation and exploitation of their own ideas. In recent years, however, there has been a move towards ‘open innovation’, a policy of seeking out and using external as well as internal ideas. The need to move from closed to open innovation has been driven by a number of factors, including the increasing availability and mobility of skilled employees, the sheer complexity of many advances and the demise of large corporate research and development organizations.
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