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Open Innovation an SAP Co-Innovation Lab Viewpoint Developing an Open Innovation Strategy

This document offers insight and understanding for developing an effective strategy for developing a unified approach Open Innovation. This approach revolves around 4 pillars; Organizational Practices (Implementation), Alignment to business and intellectual property strategy, supporting the field sales organization and correctly communicating to both internal and external audiences as to how the firm engages in open innovation. These 4 pillars must be aligned in direction or scope to ensure effective implementation and value capture desired from applying tenets of open innovation.

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