Open Innovation

Why Open Innovation is the Future

Innovation is a crucial driver of progress and success in many industries, but traditional approaches to innovation may be insufficient in today's rapidly changing business environment. Open innovation is a new paradigm for innovation that is gaining popularity among forward-thinking [...]

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. Things have changed with the digital revolution. However, the boundaries shielding organizations from outside ideas have become more permeable. The ultimate result is open [...]

Top Challenges for Open Innovation and How to Solve Them

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. It can be a superb way to get those [...]