__________ means extending the search for and commercializing new ideas beyond the boundaries of the organization and even beyond the boundaries of the industry.
A) An idea champion
B) Open innovation
C) A new-venture team
D) An idea incubator
E) An inventor

Question

Quizplus · Accepted Answer

Open innovation is the concept of looking for and implementing new ideas from sources outside of an organization, including from other industries. This approach allows for a wider range of perspectives and expertise to be considered, potentially leading to more innovative solutions. The other options (A, C, D, E) all relate to specific strategies or roles within an organization, rather than the overarching concept of open innovation.

__________ Means Extending the Search for and Commercializing New Ideas