Knowledge Transfer

Knowledge transfer in the context of Open Innovation Management refers to the process of sharing information, skills, and expertise between different organizations, individuals, or groups. It typically occurs when companies collaborate with external partners, such as startups, universities, or research institutions, to innovate and develop new products or solutions. This exchange can enhance creativity and accelerate innovation by leveraging diverse perspectives and resources. Essentially, it’s about opening up the flow of ideas and insights to create more effective and efficient solutions that benefit all parties involved.