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What is open innovation

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Reference no: EM131914911

What is open innovation?

What is the alternative to open innovation? That is, what methods do companies use who do not use open innovation?

What are the advantages of open innovation compared to internal or "closed" approaches to new product development?

Describe an example of a service-based business that could use the open innovation approach to develop new product concepts.

Reference no: EM131914911

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