4 Types of Business Collaboration: Which One is Right for You?
The Digital Age has revolutionized everything – from thinking patterns to education, healthcare, jobs, entertainment…. all of it. Likewise, the whole collaboration process for innovation hasn’t really stayed immune to this technological advancement either. Just like Gen Y will never encounter a world without the internet and smartphones, businesses will never go back to a lesser state of connectivity. How’s that? That’s the beauty of open innovation. As they ponder their outsourcing decisions, businesses start by considering various factors – time, talent, money everything weighs in. However, when this decision takes place, the parameters dramatically multiply. In this hyperconnected fast-moving world that we live in, from consumers to suppliers and complementors to competitors and even governments, everyone has a stake in the outsourcing decisions and its probable consequences. Back in the 1970s, from the first partnerships in healthcare and IT to the present ecosystems of co-cr...