Open Innovation Makes Outstanding Products

By • on April 26, 2015
The trend is for both employers and employees to have the flexibility to move outside the bounds of their specific role with the freedom to be creative; there are no longer borders that separate R&D from the rest of the company. – See more at: http://www.innovationexcellence.com/blog/2015/04/25/one-weird-thing-that-makes-outstanding-products/#sthash.8ffkX0jd.dpuf

The Innovation Excellence website noted that the trend is for both employers and employees to have the flexibility to move outside the bounds of their specific role with the freedom to be creative; there are no longer borders that separate R&D from the rest of the company. Once a company embraces openly asking their entire employee base using open innovation instead of closed innovation practices, they find that according to experts, “open innovation is a more profitable way to innovate, because it can reduce costs, accelerate time to market, increase differentiation in the market, and create new revenue streams for the company.”

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The great news is that once a company embraces openly asking their entire employee base using open innovation instead of closed innovation practices, they  find that (according to experts) “open innovation is a more profitable way to innovate, because it can reduce costs, accelerate time to market, increase differentiation in the market, and create new revenue streams for the company.” – See more at: http://www.innovationexcellence.com/blog/2015/04/25/one-weird-thing-that-makes-outstanding-products/#sthash.8ffkX0jd.dpuf

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