The BCG Global Innovation Survey is one of the most comprehensive and authoritative studies of corporate innovation. In 2017, the survey found that the best innovators use open collaboration 77% of the time. This finding has important implications for companies seeking to improve their innovation performance.
Open collaboration is a key driver of innovation. By working with others, companies can tap into a wider range of ideas and perspectives, which can lead to more breakthrough innovations. Open collaboration also helps companies to build deeper relationships with their ecosystem partners, which can provide essential resources and knowledge.
Companies that want to improve their innovation performance should therefore focus on increasing their level of open collaboration. This may require investments in collaborative technologies and infrastructure, but the benefits are likely to far outweigh the costs.