Is open innovation over-hyped?

Open innovation has been hyped in the media and by some consulting firms over the past few years as the next new thing and is just giving a term to an activity that has been underway in business for a long time. Simply put, open innovation is partnering to gain leverage and build barriers to competition.

How to Avoid Open Innovation Failure

Make sure your internal innovation capabilities and processes are in order before you open up your idea and innovation strategy to the world.