Searching for new ideas beyond an organization's boundaries and allowing changes to easily transfer inward and outward is known as ________.
A) strategic partnering
B) knowledge management
C) organizational osmosis
D) open innovation

Question

Quizplus · Accepted Answer

Open innovation is the process of seeking out external knowledge, ideas, and resources to improve a company's internal innovation process. This approach breaks down the traditional boundaries between a company and its environment, allowing for knowledge to flow both inward and outward. This can result in faster and more cost-effective innovation, as well as improved collaboration and networking opportunities. Strategic partnering may be a part of open innovation, but it doesn't necessarily encompass the entire concept. Knowledge management and organizational osmosis are related concepts, but they don't specifically involve seeking out external sources of innovation.

Searching for New Ideas Beyond an Organization's Boundaries and Allowing