PRODUCT INNOVATION MANAGEMENT
Creating new and exciting inventions is a demanding and unpredictable process. That is why innovation management is considered an art.
LIFEBLOOD as our innovation process and CONTAMINATION from different external realities
Strategic alliances to link their resources with the complementary resources of other world-class organizations. There are two facets to open innovation: One is the “outside in” aspect, where external ideas and technologies are brought into the firm’s own innovation process. This is the most commonly recognized feature of open innovation. The other, less commonly recognized aspect is the “inside out” part, where utilized ideas and technologies in the firm are allowed to go outside to be incorporated into others’ innovation.
Reduction in the time and cost of innovation projects. Incorporation of solutions and innovations in the form of ideas, patents, products and technologies which would have never been generated by the company due to lack of time, knowledge and technological resources