Why Does Open Innovation Work?
March 3, 2016 By Esteve Almirall, Wim Vanhaverbeke, Henry Chesbrough
ABSTRACT:
There are three reasons why Open Innovation works. First, in the traditional approach, the reliance is on deep vertical integration and internal R&D networks for innovative success. In the open innovation approach, there is much greater reliance on connection, collaboration, and partnerships for innovative success.
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