Strategy & Business · Technology & innovation
Open Innovation
Open Innovation · Innovation framework
Innovation relies too heavily on internal ideas and capabilities.
Why use it
Combine internal and external knowledge, partnerships, and routes to market.
How to apply
- Define the specific management situation and desired outcome.
- Gather the minimum facts, constraints, and perspectives needed to use the tool.
- Apply Open Innovation, make key assumptions explicit, and compare the result with realistic alternatives.
- Record the decision, next owner or action, and a testable criterion for the next step.
Output
An open-innovation strategy with external sourcing and commercialization options.