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Open Innovation: definition, what types and benefits

mjvinnovation

We could summarize open innovation as the use of inflows and outflows of knowledge to accelerate internal innovation and expand markets. Keep reading to understand in depth what open innovation is and how it can be used in your business! The open innovation concept. The 3 types of open innovation.

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Big Techs x Fintechs x Insurtechs: The New Business Model

mjvinnovation

Defined by PC Magazine glossary : Big Techs are “the top technology companies, such as Google, Amazon, Facebook, and Apple, which have excessive [marketing and social] influence.” Disruptive startups have gleaned niches where the participation of large insurers left something to be desired. Read ahead! Seek expert help.

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Organize innovation to fit your strategy & culture.

Leapfrogging

They partner with Silicon Valley startups who have breakthrough technology when they really just want incremental innovation that delivers quarterly results. They invest in disruptive technologies but ask existing business units to cannibalize their current products and services using them. Open Innovation Networks.

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