Asked by Calvin Nowicki on Jul 23, 2024
Verified
Inviting input from a wide variety of external sources in an attempt to extract innovative ideas is called ________ innovation.
Open Innovation
A business model that encourages companies to utilize external as well as internal ideas and paths to market as they look to advance their technology or services.
- Comprehend the fundamentals of open innovation and crowdsourcing as methods to encourage innovation.
Verified Answer
QP
Learning Objectives
- Comprehend the fundamentals of open innovation and crowdsourcing as methods to encourage innovation.
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