Open innovation impacts to the tech business Samsung
DQ: Open innovation
In an era of quickly evolving technology, organisations need to look beyond innovating by developing ideas and building new products or services internally to innovating by building strategic partnerships. More and more companies are engaging in open or collaborative innovation to move more quickly from ideas to market.
Post: Create an initial post in which you:
Analyse the practice of open innovation by examining its advantages and disadvantages.
Use examples of the Samsung Accelerator program that have used this approach in their innovation process.
State whether Samsung that explored open innovation with references, and outline, if applicable, what the benefits or risks were.
Open innovation ideas- https://hbr.org/video/4868063859001/to-innovate-you-have-to-manage-the-past-present-and-future