open innovation

Crowdsourcing vs. Open Innovation: What’s the Difference?

What’s the difference between crowdsourcing and open innovation? This is a more complex question than you might expect. Here's a deeper look at how these two concepts differ. Crowdsourcing Vs. Open Innovation The key difference between these two approaches is [...]

Understanding Open Innovation

Historically, research and development departments within organizations were solely responsible for coming up with innovative ideas. Traditionally, corporate innovation has been an inside job, with few exceptions. Things have changed with the digital revolution, however, and the boundaries [...]

Top Challenges for Open Innovation and How to Solve Them

Sometimes an innovation finds you. Innovation works best when it incorporates a broad network of perspectives. Open innovation, where a company invites outside groups such as academic organizations and non-profits to offer ideas to address challenges, can be [...]