What is Open Innovation? | Crash course on innovation part 15
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Companies are slowly shifting from a closed innovation model (Research and Development) where all the ideas came from the company itself, to a new model in which the new ideas come from the company and external sources (Open Innovation) based on co-innovation with their partners. Since the purpose of every innovation is to create value, a collective and collaborative means of generating value has become more efficient while addressing diverse problems.
In this module of the session you will learn in detail about the concept and practice of Open Innovation
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