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8 External Innovation Sources You should know

ITONICS

Having looked more closely at a company’s internal innovation sources , we will now examine the most important external sources. Academic and research institutions that run innovation programs funded by the company. Partnerships between companies and universities are one of the key drivers of the innovation economy.

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Pivotal Innovation Management: The Past, Present, and Future of 180° Business Changes

Qmarkets

Another example I like to present is Nintendo, originally a purveyor of handmade playing cards, attempted to enter a number of new markets due to the fact that consumer interest in playing cards had decreased substantially. Thus, began the distinguished history of Tiffany & Co.

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8 External Sources of Innovation

ITONICS

Having looked more closely at a company’s internal innovation sources , we will now examine the most important external sources. Academic and research institutions that run innovation programs funded by the company. Partnerships between companies and universities are one of the key drivers of the innovation economy.

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What is Lean Innovation? Components and Examples

Moves the Needle

Reviews, social media, mobile devices and so on mean that the quantity of information customers have on products, services, support issues, and ethical behavior makes them agile than the companies who serve them. Competition is now global. Agile methodology provides this structure.

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