Closed Innovation is a idea management methodology in order to develop new products. Many corporates use this methodology in order to prevent theft of ideas. Furthermore there is the fear that someone else take the ideas and create a patent or a company out of these ideas. The disadvantage is, that the potential customer and the feedback is involved on a very late stage. The opposite of Closed Innovation is Open Innovation.

See also:

Jan

My name is Jan Puder (LinkedIn profile Jan Puder). I am the founder & CEO of the BusinessTech-Company. Me and the BusinessTech-Company want to push the digital frontier. This is the reason, why I started this website. I want to provide information about digital businesses, especially for Chief Digital Officers.

Latest posts by Jan (see all)