Why is open innovation more efficient than traditional innovation?

Why is open innovation more efficient than traditional innovation?

 

Solution

Traditional innovation can be understood as a concept or a process in which the needs of the customers regarding a product is assumed and the subject experts design the products based on the assumption. Then the product is sent out for marketing and then final sales.Finally it reaches to the customers hand and the customer himself is not sure if that is what he needed as a final product.Tradition innovation

AllEscort