14.5. OPEN INNOVATION, REGIONAL ECONOMIC DEVELOPMENT, AND THE GLOBAL INNOVATION NETWORK
The preceding discussion showed the growing interaction among the industrial, government, and university sectors throughout the innovation process, from R&D to the marketplace. Reaching beyond organizational boundaries is part of a broader trend of "open innovation," or "networked innovation," in which ideas and talent are accessed from wherever they are needed and in which a diversity of perspectives and creativity leads to greater variety and problem solving. (Chesbrough and Appleyard, 2007; Harryson, 2008).
Open innovation is predicated on the fact that no one organization alone has the requisite depth and breadth of expertise in R&D, market intelligence, ...
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