This is an important and thorough paper reflecting the result of a study of 1200 German innovation companies. The study reveals three key components that successful innovation companies all use. The article also provides interesting information about the revenues generated by open innovation companies compared to companies who practice closed innovation. The paper analyzes the interactions of 4 components of each company: Technology leadership, incentive system, research capacity, and cross-functional collaboration. The report is based upon results from personal interviews with 1170 German businesses.
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