The Benefits of Open Innovation
SEPTEMBER 11, 2013
Open innovation is the life blood of many corporations. One of the greatest benefits of open innovation is the ability to find and groom innovators who already have products and technologies. Experts find that it is twice as valuable to bring on a ready-made product than to develop one from scratch. This is because even those in a corporation hired to work on technological and product innovations rarely have as much time to do the work they were hired to do.