Asked by Elizabeth McGee on May 16, 2024
Verified
Inviting input from a wide variety of external sources in an attempt to extract innovative ideas is called open ________.
Open Innovation
A business model that encourages companies to acquire outside sources of innovation to improve products and reduce costs.
- Acquire knowledge on the concepts of open innovation and crowdsourcing as strategies for promoting innovation.
Verified Answer
BA
Learning Objectives
- Acquire knowledge on the concepts of open innovation and crowdsourcing as strategies for promoting innovation.
Related questions
Inviting Input from a Wide Variety of External Sources in ...
To Be Successful, Open Innovation Requires an Identity Shift by ...
When Innovative Ideas Are Extracted from the External Environment by ...
ThroHon Tech Considers Its Customers to Be Co-Innovators and Believes ...
Through _____, People from Different Companies and Independent Contractors Work ...