German Companies Slow to Take Up Open Innovation
The PlasticsToday website reported that the bottom line in many studies of open innovation is that, while there are distinct benefits to be gained from external knowledge sourcing, there has to be an internal infrastructure present in the company for this knowledge to be put to effective use. Internal managerial practices designed to manage innovation would seem to be a vital element in determining whether or not an organization will benefit from using external knowledge sources. Such practices, however, are something that, for whatever reason, are still lacking in many German companies, especially in small and medium-sized enterprises.
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