One example of an open innovation principle is
A) The smart people in our field work for us
B) If we create the most and best in the industry, we will win
C) If we discover it ourselves, we will get it to market first
D) If we make the best use of internal and external ideas, we will win

Question

Quizplus · Accepted Answer

Choice D, "If we make the best use of internal and external ideas, we will win," is an example of an open innovation principle, which emphasizes the importance of collaborating with both internal and external sources to gather the best ideas and improve innovation. This principle acknowledges that innovation can come from anyone, and by utilizing the expertise and knowledge of both internal and external sources, a company can stay at the forefront of their industry. Choices A, B, and C do not align with the principles of open innovation as they rely on a closed system and do not embrace collaboration and outside perspectives.

One Example of an Open Innovation Principle Is