HVS Monday Musings: Collaborative Innovation
The term "collaborative innovation" is quite often associated with the fields of technology development or software development, where companies prioritize innovation to succeed and stay ahead of the competition, even encouraging collaboration with people and organizations outside the company. As Bill Joy, Cofounder of Sun Microsystems, once said, ‘No matter who you are, most of the smartest people work for someone else’. The point is that even marquee organizations organize open competitions from time to time to find solutions to their challenges.