Innovation Process

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Recommended: Advantages and disadvantages of open innovation

DATE:16/04/2014
To,
Philip Anschutz.

Sub: Reasons for O2 to be a centre for Innovation.
Hi,
According to Henry Chesbrough the definition of Open Innovation is the use of inflow and outflow of knowledge to accelerate internal innovation, and expand the market for external use of innovation. Innovation is basically which involve both the inflow as well as outflows of knowledge , are the key features of innovation. Some of the major example of open innovation are Industry collaboration, university collaboration , sourcing of information to expert ideology are some of the few examples of open innovit .ation. But one has to be very careful because sometime benefits from innovation may involve expensive cost so one has to be very careful while using it.
According to Michael Shrivathsan,Innovation is a process and you have to be very careful while approaching it. Even according to some research if you want your business to last longer you have to manage innovation as a process. What exactly is the Innovation Process ? or How to implement the process of innovation in an Organis...

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