When people ask me what open innovation is, I suggest they should view open innovation as a philosophy or a mindset that they should embrace within their organization. This mindset should enable their organization to work with external input to the innovation process just as naturally as it does with internal input.
In a more practical definition, open innovation is about bridging internal and external resources and acting on those opportunities to bring better innovation to market faster.
It does not really matter whether this external input is in the form of open innovation, crowdsourcing, user-driven innovation or co-creation (read later in this post). It is “just” about getting more external input.
To read the full, original article click on this link: Open Innovation, Closed Innovation and Related Terms | 15inno
