State-of-the-Art Open Innovation Practices

Increasing Innovation Effectiveness Through Process

For companies that invest heavily in innovation programs, perhaps the most pervasive challenge is poor absorptive capacity - an organization’s relative ability to bring external innovation opportunities into the organization in order to assimilate them into new products or product enhancements.

In the decades since, open innovation, collaborative research, and academic-industry partnerships have taken off, exacerbating the fundamental organizational challenge of absorptive capacity.