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Seven Ways to Make Open Innovation Work
December 1, 2011 Editor 0
An article in Inventor’s Digest reports that if your company isn’t innovating, it’s slipping behind the competition. With the Internet and the increasing flow of ideas and information, internal R&D departments alone aren’t always the answer. More than ever, business owners are embracing open innovation to stay ahead. Open innovation is more than a toolkit, it’s a mindset. You need to make it a core company value instead of limiting it to your R&D department. When you start the transition to an open innovation culture, you want to keep in mind how it will affect management decisions as well as overall company strategy.
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