Open or inclusive innovation helps us understand how organisations today seek to gain competitive advantage

Question

Quizplus · Accepted Answer

Open or inclusive innovation allows organisations to tap into external ideas and resources which can help them gain competitive advantage in the market. By collaborating with external partners such as customers, suppliers, and even competitors, organisations can bring new products and services to the market more quickly and efficiently, and also gain unique insights into customer needs and preferences. This can help them stay ahead of the competition and drive growth and profitability.

Open or Inclusive Innovation Helps Us Understand How Organisations Today