Rally the Troops! Itâ€™s time to go all in for Open Innovation
An open innovation (OI) model is critical for any company seeking breakthrough product/service ideas. However, it is extremely challenging to bring together external and internal ideas and capabilities. While the concept of OI has garnered widespread acceptance, many companies have yet to dedicate sufficient resources to it to ensure its success. The infographic examines how companies in the Americas, Asia Pacific, and Europe are (1) dedicating staff to OI, and (2) the role OI plays in the product development cycle. The information comes from the Growth Team Membershipâ€™s annual survey reports on R&D executivesâ€™ 2012 priorities and open innovation, The Growth Team Membership is a best practices research program within Frost & Sullivan.