Now more than ever, companies must think outside the box and innovate in order to remain competitive and relevant in a constantly changing technology landscape. Traditionally, innovation has been a product of internal R&D departments. In recent years, though, there has been a paradigm shift toward open innovation (OI) — that is, collaborating with external parties in product development. For companies participating in open innovation, these external parties are usually customers, suppliers or universities, but can even be competitors.
To read the original article: Protecting innovation while fostering collaboration: Non-disclosure agreements (Part 1)
