Will your industry be transformed by open innovation?

September 15, 2012 Editor 0

The Smart Planet website notes that managers should consider how the use of open innovation will guide what percentage of their future business processes  will be considered proprietary and what percentage is likely to become commonplace (aka much more cost-effective). Could the so-called open source model allow companies to use more commonplace technologies or practices throughout their operations for certain processes — enabling them to devote more investment or innovation resources to areas the might become market differentiators?

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Categories: Open Innovation

Tags: commonplace, Open innovation, percentage, processes, source