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New Study Shows Companies Are Hungry To Leverage Open Innovation To Drive Growth, Yet Internal Processes Are Holding Them Back

The survey data shows that the larger the network, the less engaged organizations are with innovation partners and the more limited the infrastructure is to support collaboration. Over 70% of respondents fall into the "early stage" category in terms of Global Collaboration, and only 14% of respondents were categorized as "highly engaged" with innovation partners. This means that respondents may be starting to reach beyond their organizational walls to collaborate or innovate – but the majority are not taking advantage of resources beyond their typical networks, to seek the best ideas worldwide.

The secret to successful OI lies at the intersection of a methodology for engaging with outside partners and the processes to make OI sustainable. Organizations that master this combination of engagement and process have the potential to be true game-changers.

About NineSigma
 NineSigma connects organizations with external innovation resources to accelerate innovation in private, public and social sectors. The company provides open innovation services to organizations worldwide, including Kraft Foods, Philips, Siemens, and Unilever, to solve immediate challenges, integrate new knowledge, fill product pipelines, and stay ahead of the competition. Named to the 2012 Inc. 5000 list of fastest-growing private U.S. companies, NineSigma's proprietary process has produced billions of dollars in value for its clients. NineSigma has the largest open global network of solution providers and an extensive database of existing solutions spanning numerous industries and technical disciplines. NineSigma's online innovation community, NineSights®, is the world's first open innovation social media destination, connecting innovators of all sizes with resources and relationships to drive growth. Learn more at www.ninesigma.com and www.ninesights.com

Media Contact:  Jackie Lucas, Warner Communications — jackie@warnerpr.com, (978) 255-1159 

SOURCE NineSigma

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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