How Open Innovation Can Unlock the Door to Success

By • on August 1, 2014

The Yorkshire Post reported that Leeds University Business School recently ran a major research project which brought together academics and businesses from across Europe to look at open innovation. The study saw industrial giants including Bayer MaterialScience, Deutsche Telekom, Siemens, Intel and GlaxoSmithKline, reflecting on their use of open innovation. They were asked questions including – how do companies interact with people outside their business when trying to innovate? How do companies follow emerging technological developments and integrate them into what they do? What are the benefits and challenges of using open innovation within a company?  The project yielded findings which are of relevance to any business considering using open innovation.

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