The Culture of Open Innovation

Open innovation is a collaborative approach to problem-solving and idea generation that encourages organizations to share knowledge, resources, and expertise beyond their own walls. Rather than relying solely on internal teams, companies invite external partners—such as startups, researchers, and customers—to contribute innovative solutions. This culture fosters creativity, accelerates development, and leads to more effective products and services. By embracing diverse perspectives, organizations can adapt more quickly to changing markets and technological advancements, ultimately driving growth and success in an interconnected world.