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Asked by Brittney Buchanon on Jul 23, 2024

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To be successful, open innovation requires an identity shift by in-house R&D and creative employees.

Identity Shift

A process by which an individual's self-perception and presentation to others change, often due to new experiences or roles.

Open Innovation

A business management model that encourages companies to acquire external ideas and internal inventions to accelerate innovation and market adoption.

In-house R&D

Research and Development activities carried out within an organization, as opposed to outsourcing or external collaborations.

  • Become familiar with open innovation and the essential conditions required for its success.
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BJ
Basit JunaidJul 26, 2024
Final Answer :
True
Explanation :
Open innovation challenges the traditional, closed model of innovation by incorporating external ideas and paths to market. This requires in-house R&D and creative employees to shift their identity from being the sole source of innovation to collaborators who integrate external and internal ideas, which is a significant change in perspective and approach.

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