
Establishing a Typology of Open Innovation Strategies
The website Springer posted a study which appeared in the Asia Pacific Journal of Management which noted that a lack of relational mechanisms makes it difficult for collaborative partners in an open innovation project to share their knowledge assets. Existing literature lacks a clear explanation of how knowledge and relational mechanisms simultaneously
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Striving for Innovation Success in the 21st Century
In an article on the MIT Technology Review website Henry Chesbrough wrote that open innovation is “the use of purposive inflows and outflows of knowledge to accelerate internal innovation and expand the markets for external use of innovation. It’s a model for industrial innovation that I originated
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Innovation Lessons from an Old-Time Enterprise
The Forbes website notes that the old conglomerate Philips’ recent successes are an important milestone for the open innovation movement because OI has given Philips renewed zest. Its share price has been on the rise over the past year and the market is receptive to its new partnerships and more
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