A Practitioners Perspective on The Benefits of Open Innovation Article Swipe
Related Concepts
Perspective (graphical)
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Computer science
Financial economics
Expected utility hypothesis
Artificial intelligence
Tim Stroh
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YOU?
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· 2019
· Open Access
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· DOI: https://doi.org/10.24840/2183-0606_007.002_0002
· OA: W2966565282
YOU?
·
· 2019
· Open Access
·
· DOI: https://doi.org/10.24840/2183-0606_007.002_0002
· OA: W2966565282
The common approaches to innovation deployed by many corporations are ineffective and associated with a collection of well defined risks including hype driven and biased decision making, risk aversion, and disruption. In contrast, open innovation programs reduce these same risks and deliver a variety of substantial benefits ranging from increased innovation speed, reduced costs, and increased probability of success.
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