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Open Innovation – The Pros and Cons

#Research & Reports#Open Innovation

Learn more about the History, Pros and Cons of Open Innovation

Resource Overview


Innovation is one of the most important concerns of each organization and its role in the development and coordination of the market is inalienable. Innovation in all human areas is applicable from product development, methods of management, ways of doing works and etc.

Open Innovation focuses on a conscious combination of internal and external knowledge to explore new opportunities and paths for the company.

The Open Innovation approach assumes that companies should have permeable firm boundaries to commercialize external (as well as internal) ideas by deploying outside (as well as in-house) pathways to the market.

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