Real World Examples of Open Innovation by Global Organizations
In these days of digital transformation, new startups are emerging every day. Collaborative working becomes the norm. So companies are welcoming external organizations’ involvement. These external involvements are open innovation examples. Xerox PARC was a research center in the 1970s. It created the GUI (Graphical User Interface). It also created the Ethernet networking protocol […]
The Definition and Significance of Open Innovation for Organizations
Let’s discuss open innovation through a scenario. Would you say that all the smartest people in the world live in your company? Thought not. This may seem obvious. But, it is a prevalent misconception. It manifests in the way many companies do innovation. They leave all the creative work to employees alone. […]