Mitch Sava is an executive in the Innovation and Product Development consulting group at Accenture, a global management consulting, technology services and outsourcing company.

The Great Wide Open

“Open innovation” is a technique that is gaining greater consideration these days. For many companies, this practice has the potential to help them quickly and efficiently harness the new ideas they need in a volatile and uncertain business environment. It also may accelerate and de-risk progress from idea to launch. To realize the power of open innovation, businesses first should come to terms with how “open” they are willing to be.