With Open Innovation, companies partner with players in a global ecosystem to jointly develop new platforms and apps, enhance offerings or move into new markets.
By Jitendra Kavathekar
http://www.baselinemag.com/innovation/taking-the-fast-lane-with-open-innovation.html
Many smaller players still don’t get it, that’s why most will stay small players. It’s smart not to have a corporate ego that tells if it wasn’t made here it isn’t worth bothering with.
Good for Lilly.
Short but interesting blurb on how Audi LED headlights were a product of Open Innovation.
A good article on how IBM was able to breath new life into it’s heavy iron mainframes with Open Innovation. This was accomplished by backing the Open Power Foundation to open IBM’s hardware to outside improvements.
http://asmarterplanet.com/blog/2015/03/ibms-brad-mccredie-powerful-approach-open-innovation.html