Open Innovation From A Practitioner's Perspective

Icon

What is open innovation?

img_4036

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

Advertisements

Filed under: definitions, general, ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: