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Global Innovators: How Open Innovation Serves Humanity
Abstract
Innovation is vital to sustain and advance current activities or it can be vital to growing new businesses. The challenge for organizations operating in a global environment is to meet the evolution of the marketplace, social needs, and the needs of society. Open innovation allows organizations to draw from the global pool of knowledge to design products and business modes that provide value while meeting social needs. This chapter looks at several SMEs that are social innovators drawing on a range of technologies to create products and services or to commercialize existing products in a new way in order to meet pressing social needs round the world.
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