Open Source Innovation

Open Source Innovation refers to the collaborative approach where individuals and organizations share ideas, resources, and technologies to develop new products or solutions. This method encourages transparency and community involvement, allowing anyone to contribute, modify, or improve upon existing projects. In the context of Open Innovation Management, it emphasizes leveraging external knowledge and creativity, rather than relying solely on internal expertise. This approach can lead to faster innovation cycles and increased creativity, as diverse perspectives and skills come together to tackle complex challenges collaboratively.