Retail Lessons From Silicon Valley in Open Innovation
The Retail Week website reported that large retailers are increasingly aware that the only way to innovate at the pace today’s customer demands is to look outside their organizations. They are accepting that they must partner with or acquire start-ups, rather than trying to innovate internally or rely on their preferred supplier list. Several large
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The Case for Consumer-Centric Innovation
The Entrepreneur website noted that the consumer appetite for new and improved products has largely contributed to the need for more innovation. The increase in product development activity has led to the acceptance of open innovation as a new source of ideas. The practice of open innovation really began
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