____ innovation is the use of purposive inflows and outflows of knowledge to accelerate internal innovation and expand the markets for external use of innovation.
A) Collaborative
B) Open
C) Closed
D) Absorptive

Question

____ innovation is the use of purposive inflows and outflows of knowledge to accelerate internal innovation and expand the markets for external use of innovation.
A) Collaborative 
B) Open 
C) Closed 
D) Absorptive

Quizplus · Accepted Answer

Open innovation is characterized by the strategic use of external as well as internal ideas and paths to market, leveraging inflows and outflows of knowledge to accelerate innovation and expand markets.

____ Innovation Is the Use of Purposive Inflows and Outflows