Leverage Open Innovation in often the Buyer Goods Sector

Leverage Open Innovation in often the Buyer Goods Sector

For consumers now, the rapid rate of innovation in technology related goods has contributed to similar expectations from some other everyday products. Consumers came to expect, as well as demand, innovative solutions and products in nearly every industry. Large organizations typically invest heavily in development and research. The driving force behind this goes beyond the bragging rights & patents to a very real effect on the important thing and profits. However, the tried and tested internal research and development model is unable to match the pace of development required.
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