Bolstered by the increasing rate of change in many markets, organizations are seeking ways to get to market faster, deliver greater value to customers, and better manage costs. Open innovation, with an emphasis on collaborating externally and internally, can help organizations achieve those goals.
This article provides an overview of APQC's study on open innovation, including a list of the 11 study findings and five key enablers, as well as descriptions of the five participating best-practice organizations:
- British Telecommunications plc (BT),
- Cisco Systems Inc.,
- Corning Inc., and
- General Mills Inc.