Innovation that happens in an "open" collaborative
context – either internally or with external partners –
can provide faster, better, more holistic results to accelerate
innovation and improve competitive advantage, concludes our new
report:
Open Innovation: Collaborate to Innovate based
on "innovation" interviews with our clients.
In order to get, and stay, ahead in the market, businesses in
every sector are being required to innovate. "Open
innovation" has become a 'catch-all' term for
innovation which reaches out beyond the traditional R&D unit of
a business to make use of the broader idea and talent pool of an
organisation's workforce or to partner with an external party
to assist and accelerate the process – allowing new ideas to
be captured from more sources or improving the process of getting
ideas put into action.
