Wiring the Open-Source Enterprise

Open innovation projects must be managed carefully if they are to reach their full potential, reports McKinsey Quarterly.

This article highlights three tenets that companies ought to be aware of as they expand their open innovation initiatives: Grass-roots projects tend to have a higher success rate than open innovation initiatives that are strongly driven from the top. Also, because of the intellectual property issues involved in partnering with firms outside of your organization, the leaders you select to manage open innovation projects must exercise a deft hand in managing the interactions these relationships require. Finally, understanding the underlying motives of each partner is crucial to making open innovation initiatives tick.

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