Open Innovation: New Opportunities in Food Manufacturing
The Food Manufacturing website noted that open innovation (OI) is the systematic inclusion of parties outside your four walls and outside your existing networks. Companies practice open innovation because they want to reduce the time it takes to get to market, avoid getting trapped by their own thinking, and pursue with agility new opportunities
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Ohio State Government Promoting Open Innovation
The Crowdsourcing website notes that for companies looking to thrive, innovation is a must, especially for those that rely on advanced technologies. Governments recognize this and promote innovation through things like research and grants, but few have gone as far as the Ohio state government to promote
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Open Innovation Can Help Companies Achieve Success
The HiVelocity website notes that an innovative technology or business one day may be obsolete the next, and that’s one reason why large companies across the world are embracing open innovation. According to Henry Chesbrough, Director of the Center for Open Innovation at the University of California
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