Openness Powers Innovation
Innovative ideas have traditionally been kept under lock and key. Companies that develop exciting new concepts have retained them internally, deploying the new concepts to benefit their own operations. According to futurist Jacob Morgan, writing for Inc., this model has outlived its usefulness. (May 25, Morgan) In an open innovation model, businesses will be less territorial about their best ideas.
When companies pull together, sharing notes to move their industries forward, the fundamental model underlying competition changes. Morgan acknowledged that the road to this new model may be bumpy, but the advantages of sharing ideas can be vast. Organizations willing to collaborate with one another can accelerate the development of technology and fast-track projects with positive public effects.
Morgan explained that some of the changes that have impacted the workplace in recent years have pushed the world in the direction of open innovation. Employees are moving from one employer to another at an unprecedented rate. These young professionals and their diverse skill sets can potentially accomplish far more if they are allowed to communicate between companies and work toward the good of their whole industries. More collaborative projects could empower businesses in the years ahead.
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