How Open Changes Everything

Open innovation is changing the way organizations operate by shifting from a product-led to a network-led approach. From ‘what?’ to ‘who?’, from discovery to detection, and from ownership to access, this new approach requires new skills and structures that emphasize shared knowledge and incentives based on reputation. Collaborating with partners is crucial for developing new ideas and products in a cost-effective manner. Furthermore, institutions like academic and research centers are being influenced by this approach and are also shifting towards creating new value through greater openness and sharing. In summary, embracing open innovation offers organizations endless possibilities and requires a shift towards networks and shared knowledge.