Open innovation is based on collaborative work and in the ability to share and bring together knowledge and expertise to create innovation. This requires the ability to understand how knowledge is built with external sources, the recognition of the importance of capturing and sharing knowledge and ideas and knowing how to share knowledge in practice.
It is said that “no man is an island” and the same can be applied to organizations. Organizations operate and are influenced by the environment in which they operate. Data, information, and knowledge flow all over the place to the extent that it can be overwhelming and counterproductive. How can we strategically manage our innovation and ideas pool to create value and not just additional “noise”.
So, if you already have taken the steps to foster internal knowledge and ideas sharing, how can you proceed to take the best advantage by sharing knowledge and ideas beyond the boundaries of your organization?