Role of Interorganizational Networks in Radical Innovation

Interorganizational networks are collaborations between different organizations that share resources, knowledge, and expertise to drive radical innovation—new ideas that can significantly change industries. These networks enable companies to combine their strengths, access diverse perspectives, and reduce risks associated with developing groundbreaking products or services. By working together, organizations can tap into a wider pool of information and capabilities, fostering creativity and accelerating the innovation process. This collaborative approach is essential in today’s fast-paced world, where complex challenges require collective efforts and shared insights to achieve transformative results.