Searching for new ideas beyond an organization's boundaries and allowing changes to easily transfer inward and outward is known as ________.
A)strategic partnering
B)knowledge management
C)customer relationship management
D)open innovation

Question

Quizplus · Accepted Answer

Open innovation refers to the practice of seeking and utilizing external ideas and innovations to advance an organization's own capabilities and goals, while also making its own ideas and innovations available to others. It involves collaboration and knowledge-sharing with partners outside of the organization, and a willingness to adapt and modify existing practices and strategies based on external feedback and input.

Searching for New Ideas Beyond an Organization's Boundaries and Allowing