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Open Innovation vs Closed Innovation: Here’s the Lowdown

Qmarkets

Where open innovation and closed innovation models differ is the question of who should be included in these conversations. Or is a more collaborative approach more effective? What is Open Innovation? The iPhone is a famous example of a product created as part of a closed innovation process.

article thumbnail

Open Innovation vs Closed Innovation: Here’s the Lowdown

Qmarkets

Where open innovation and closed innovation models differ is the question of who should be included in these conversations. Or is a more collaborative approach more effective? What is Open Innovation? The iPhone is a famous example of a product created as part of a closed innovation process.