In recent years open innovation has become a buzz word for big and small business enterprises, and in course of time several open innovation service companies have evolved to help with open innovation for big companies. The term "open innovation" is coined by Henry Chebrough1 and he defined it as "open innovation is a paradigm that assumes that firms can and should use external ideas as well as internal ideas, and internal and external paths to market, as the firms look to advance their technology".
Categories:
Open Innovation
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