Seven Ways to Make Open Innovation Work
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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