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In the context of technological environment what does open innovation indicate?

Answer and explanation

Correct answer: The company also takes technical ideas from external partners and sources

The direct answer is B: a company also takes technical ideas from external partners and sources. Open innovation means that useful knowledge does not have to come only from employees inside the company. A business may learn from universities, suppliers, customers, research institutions, start-ups, or other companies, and it may work with them to create or improve products. Therefore, the reasoning is: outside knowledge is available; the company connects with suitable outside sources; it combines or uses that knowledge for innovation. Option A is wrong because accepting only internal ideas describes closed innovation, not open innovation. Option B is correct because it exactly describes the use of external technical ideas and collaboration. Option C is wrong because open innovation does not mean publishing every piece of company data; confidential information may remain protected. Option D is wrong because open innovation encourages research and development rather than stopping it. Memory cue: open innovation means opening the door to useful outside knowledge, not opening all data to everyone.

Related tags

Business-EnvironmentOpen-InnovationCollaboration

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