Open Innovation: What's Behind the Buzzword? | - 0 views
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simonmart on 23 Apr 12In the current context of intensified competition, accelerated globalization and economic downturn, many companies are opening their innovation processes by integrating a large pool of partners - individuals, companies, research labs and public structures - in order to innovate more and faster. 'Open innovation' is now a real buzzword that many companies and academics constantly refer to. To study the reality behind this trend, Accenture and the Institute for innovation and Competitiveness i7, created by ESCP Europe, have investigated the current practices of companies that have been leveraging Open innovation for several years to boost their overall innovation performance. They analyzed what Open innovation changes in the way these companies build and handle external partnerships, organize and stimulate innovation internally. They then studied the perceived impact on innovation performance.