ACE report on Open Innovation
ACE Allied Consultants Europe
An increasingly global business environment combined with rapid technological progress has changed the framework in which companies operate. Confronted with this growing complexity in combination with growing customer demands, fierce competition and market pressure, companies have started to recognise that the “invent-it-ourselves” model is no longer sufficient to stay competitive.
The model is both too slow and costly, and does not provide the right access to technologies and talent. The focus for many companies has changed from continuous development to rapidly develop and test new business models in the market. Open Innovation (OI) is key to tackle these challenges.