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What is Open Innovation? Definition, Types, Model, and Best Practices

eZassi

Increased Flexibility : Open innovation allows organizations to respond more nimbly to market shifts, emerging trends, and evolving customer needs. Improved Competitiveness : Leveraging external insights helps organizations stay ahead of the competition by driving more innovative offerings.

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Employee Engagement Propels Innovation

Planview

Most companies will agree that innovation is critical to sustaining growth and remaining competitive. Creating a culture of innovation is seen by most business leaders as the number one way to drive innovation for the business. Pfizer engages 90,000 employees for hundreds of innovations. Unfortunately, most aren’t.