
Is Open Innovation A Risk Worth Taking?
The Innovation Enterprise website noted that since the term was first coined in 2003 by Henry Chesbrough in his book ‘Open Innovation: The New Imperative,’ many organizations and governments have implemented Open Innovation programs to tremendous success. Open innovation works so well because it puts the emphasis on diversity and serendipity.
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Overcoming Key Barriers and Challenges to Open Innovation
The ideapoke website noted that any organization looking to engage in Open Innovation is likely to meet with initial resistance. As humans, we tend to oppose change. Realizing true value from open innovation is possible only when the organization understands the underlying factors behind this resistance
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