Open Innovation In Practice
The Edge Online website posted an article which notes that finding new ways to create value for your organization is a constant challenge in an ever-changing business landscape. One approach, open innovation, has been increasingly applied to great effect in high tech and R&D intensive industries. The idea is deceptively simple – instead of relying solely on internal expertise you look outside the firm for partners who can work with you to increase the speed, effectiveness and value creating potential of your innovation process.
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