Have been shifting their innovation strategy toward a model designed to blend internal knowledge with external knowledge by sourcing strategic alliances. This example best represents the?

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Have been shifting their innovation strategy toward a model designed to blend internal knowledge with external knowledge by sourcing strategic alliances. This example best represents the open innovation framework.

A business management strategy for invention called "open innovation" encourages cooperation with individuals and groups outside the enterprise. Open innovation challenges represent a genuine cultural shift away from the corporate silo mentality and the secrecy that have historically been associated with corporate R&D cultures.

One company that has prospered after completely embracing open-source technologies is Netflix. The most common kind of open innovation is open-source technology, according to a recent survey by Economist Impact and SUSE.

Learn more about open innovation here

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