Deadlines and Specific Goals: Essential Components of Effective Collaboration

December 8, 2011 By Chris Smith

The author sets the stage for meaningful open innovation collaborations. Smith explains that collaboration is not a hit and run strategy. Rather, the initiative has several key components. If companies enter into a collaboration without definition of the objective and a multi-dimensional approach they will not succeed. The collaborative effort must set milestones, have a specific goal, and work under strict deadlines.


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