Innovation Articles

Open Innovation On the Rise! Does it Add Value?

Ever wonder how your company stacks up in terms of open innovation adoption, practices, and maturity? Earlier this year, the tenth anniversary of the publication his landmark book Open Innovation, Henry Chesbrough teamed up with Sabine Brunswicker of Fraunhofer Institute for Industrial Engineering to publish results of what is likely the first large-scale quantitative survey of the adoption of open innovation in large companies. The overall conclusion of their survey, entitled “Managing Open Innovation in Large Firms,” is that open innovation is on rise.
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