A Quick Guide to External Collaboration

Innovation management expert Stefan Lindegaard examines the benefits of external collaboration, including developing better products and services, speeding up time to market, and finding new technologies and approaches. He outlines a triple approach for businesses looking to improve their external collaboration capabilities, encouraging them to identify pain points and opportunities, determine their motivation for working with external partners, and identify the proper stakeholders and channels for collaboration. Lindegaard explores different types of stakeholders, including customers, suppliers, startups, and even competitors. He also emphasizes the importance of a company-wide philosophy and mindset that embraces external input as readily as internal input.