Open Innovation From A Practitioner's Perspective


What is open innovation?


Open innovation shares similarities with crowdsourcing and is inspired in part by the open source software movement. This new approach to innovating can be employed by companies large and small and the most successful practitioners recognize that every single employee, business partner, and customer can play a role .

Open innovation…..

* is a means of innovation ‘production’, not a type of innovation such as disruptive innovation or incremental innovation
* requires increased transparency and new forms of cooperation on the part of all participants
* can save $$ and increase efficiency

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