80.2K

Verified Solution

Question

General Management

discuss the advantages and risks of open innovation?

Answer & Explanation Solved by verified expert
3.6 Ratings (301 Votes)
First let us understand the open innovation It is opposite of closed innovation Closed innovation is done on a laboratory firms RD center or any other places privately The innovation is truly property of the researcher Open innovation is just opposite of that Open innovation means when the companies use external sources of innovation to enhance the quality of their product line and minimize    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students