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Innovation Strategy and Open Innovation
Date: May 16, 2007
OCTANe Making Innovation Work: Innovation Strategy and Open Innovation . Companies today want to establish explicit innovation strategies as a key component to achieving growth. However, many are finding it challenging to formulate and successfully implement effective innovation strategies. In addition, recent experience from leading companies demonstrates that traditional, closed models of innovation are not as robust or cost effective as Open Innovation models. Characterized by high degrees of collaboration with external partners, as a result, Open Innovation models achieve faster, better, and cheaper innovation breakthroughs. See
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