Stat of the Week -- What is your understanding of the term "open innovation"?

Q: What is your understanding of the term "open innovation"?
"There are still a fair number of us who aren't looking closely at open innovation", states Joe Feller. "This number -- about a quarter of respondents -- seems high to me. Just to be clear: I do not think that open innovation is a panacea with something to offer everyone. However, I do think that every contemporary organization that has not asked 'Can we benefit from the talents and capabilities of people beyond our organization?' and 'If so, how?' needs to stop right now and answer these key questions."
* Excerpted from "Moving (Slowly) Toward Openness" (
),Cutter Benchmark Review, Vol. 11, No. 7.
News Source : Stat of the Week -- What is your understanding of the term "open innovation"?
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