word
Open innovation
OH-pen in-oh-VAY-shun
/ˈoʊpən ˌɪnəˈveɪʃən/Listen
Hear it in a clear American voice. Slow it down to catch each syllable.
Syllable breakdown
openinnovation
Dictionary meaning
An innovation paradigm, popularized by Henry Chesbrough, in which firms use internal and external ideas and paths to market, deliberately allowing knowledge to flow in and out across organizational boundaries.
Examples
- By embracing open innovation, the pharmaceutical giant partnered with dozens of biotech startups to accelerate drug discovery.
Learn one new pronunciation a day
Get a word, name or idiom like “Open innovation” in your inbox — daily or weekly, free. Unsubscribe any time.
Something wrong? Suggest a correction