Tag Archives: private sector

How does private innovation actually work in the private sector?

Through Open Innovation companies promote the ideas and potential of people outside their organization to make improvements to internal processes or products. Firms search for input outside for finding solutions to some of their most complex problems. Open innovation is also a way for companies to think “outside the box”. In other words, to avoid internal dynamics within the organization that usually lead to repeat over and over methods of problem-solving that are unlikely to produce new ideas.  But, what specific examples of open innovation in private companies can be found? In this post Stefan Lindegaard presents 15 examples of open innovation between big firm and startups that may help the reader to understand what open innovation in the private sector is actually about.