Succeeding with open innovation

Abstract

Purpose This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies. Design/methodology/approach This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context. Findings Companies engaging in new product development (NPD) might utilize a knowledge sharing platform (KSP) as part of the open innovation (OI) activities that can lead to successful project completion. The process benefits considerably when key stakeholders participate and effective collaboration among all parties involved can likewise help positive outcomes to be achieved. Originality/value The briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.