Over the past few weeks I’ve been exploring five innovation models that organizations can implement. However all of these are part of one innovation ecosystem that organizations must create if they want to be able to stay relevant and compete in this rapidly changing world we are seeing. The best ideas and the smartest people can be anywhere which means opening up the doors to innovation from anyone. Many of you might be familiar with the concept of open innovation but for innovation to truly be open it must allow for all five innovation models below which are:
