External Idea Sourcing

External Idea Sourcing in Open Innovation Management refers to the practice of seeking innovative ideas, solutions, or expertise from outside an organization. Instead of relying solely on internal resources, companies engage with external stakeholders—such as customers, experts, or startups—to gather fresh perspectives and creative solutions. This collaborative approach allows organizations to tap into a broader range of knowledge and experience, fostering innovation and enhancing problem-solving capabilities. By integrating external insights, businesses can improve their products, services, and overall competitiveness in the market.