Introduction to Open Innovation
Introduction to Open Innovation
This introductory chapter discusses the theme of this volume which is about open innovation (OI). This volume explores OI’s search for smart people who might expand the space for innovation and describes the broad canvas of OI practices, its participants, and future promise. It identifies five trends that lie behind OI as an important strategic option and discusses the proposed prerequisites of contemporary OI projects. It also explains the distinction of OI from invention and explains the two types of OI. The first is self-organized and self-motivated collaborative activity to achieve a common goal and the second is organizational strategy to broaden innovation boundaries.
Keywords: open innovation, smart people, strategic option, OI projects, collaborative activity, organizational strategy
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