Ideas, Creativity, Innovation

ProvenModels – Open Innovation

Open Innovation is based on two core ideas:

  1. companies should use external knowledge and technology to strengthen their own innovations
  2. companies should create value from internally developed innovations that are not immediately applicable in their own business.

I first heard about Open Innovation Model in one of the HBR podcasts. I did not know the origin or who proposed the model. Today while searching for an entirely different topic, I stumbled upon  the Model Book, a treasure trove of information.

2 thoughts on “ProvenModels – Open Innovation

    1. Gobinathan,
      You are welcome. It is an area of interest to me and nice to find others who are interested in it as well.

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