Innovation Articles

By Raghav Narsalay, Jitendra Kavathekar, David Light

A Hands-Off Approach to Open Innovation Doesn’t Work


For many business leaders — 85%, according to a recent Accenture survey — such open innovation is critical to their strategic plans. But many partnerships begin without due attention to what might go wrong, and the results show it. The challenges of big firm–small firm collaboration are considerable: different cultures, different attitudes about sharing intellectual property, different concerns about risk sharing, and others. So it’s no simple task to meet the strategic objectives of such partnerships.