Open innovation refers to opening up the search for new ideas beyond the organization's boundaries and allowing innovations to easily transfer inward and outward.

Question

Quizplus · Accepted Answer

Open innovation involves seeking and integrating ideas and solutions from external sources, such as customers, suppliers, and even competitors, to complement internal resources and capabilities. This approach allows for greater flexibility and adaptability in the innovation process and can lead to faster and more effective idea generation and implementation.

Open Innovation Refers to Opening Up the Search for New