Relational Capital and Open Innovation
The Elsiver website posted an academic study which noted that open innovations are increasingly more often mentioned in the context of innovations and effective means of their development. They refer to precious ideas, which may come from the organization’s environment, or are developed in the organization itself, with participation of the environment (Chesbrough, 2003). A basic feature of open innovations is cooperation and involvement of various partners, who acquire concepts and resources from outside of the organization (Chesbrough, 2003). Hence, the organizations are oriented on seeking for means to develop their products, with special emphasis put on maximization of profits for all of the cooperating entities. .
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