How to do open innovation right

01/28/2010 | YouTube

As businesses switch to open innovation, they need to have a strategy in place for managing both their new partners and their own staff, says innovation consultant Stefan Lindegaard. Above all, Lindegaard argues, companies need to remember that open innovation isn't a substitute for internal R&D. "If you can't make innovation happen internally, you should not expect to succeed with open innovation," he says.

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