________ refers to the process of integrating external stakeholders into the innovation process.
A) Nearshoring
B) Open innovation
C) Media sharing
D) Crowdsourcing
E) Social cataloging

Question

Quizplus · Accepted Answer

Open innovation refers to integrating external stakeholders, such as customers, suppliers, and even competitors, into the innovation process. This approach can lead to a more diverse and collective approach to problem-solving, resulting in greater innovation and potential for success. Nearshoring, media sharing, crowdsourcing, and social cataloging may all have some relevance to innovation, but they do not specifically address the process of integrating external stakeholders.

________ Refers to the Process of Integrating External Stakeholders into the Innovation