Costs and Benefits of Open Innovation

Costs and Benefits of Open Innovation

By • on July 31, 2013

An editorial on the Crowdsourcing website notes that sourcing ideas from outside a company’s own R&D department taps a larger pool of contributors who work on the promise of potential partnership in the future, not a guaranteed salary. But all costs aren’t readily apparent at first. Aside from paying a fee to an intermediary and paying out

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Open innovation – are we ready for the change?

Open innovation – are we ready for the change?

By • on May 2, 2012

A blog on the NHH Center for Service Innovation site notes that one of the hottest topics in innovation management is open innovation, but adds that to successfully capture value from its open innovation activities, a company must have the right business model in place that fits the open innovation

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