Article: Open Innovation – What It Is and How to Do It

Innovation, Open Space

Open Innovation – What It Is and How to Do It

Would you unhesitatingly say that all the smartest people in the world reside in your company?

Thought not.

Although this may seem obvious, it is, however, a very common misconception which manifests in the way many companies do innovation; leaving all the creative work to employees alone.

Open innovation is basically an alternative to this conventional method of doing innovation where information has to stay within preset confines. A mindset, if you will, of being open to sharing and receiving information

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