information system to

Open innovation FIGURE 1.1 Open innovation entails opening up the innovation process to outside entities, including academia, individual innovators, research labs, other companies, or suppliers. After reading this chapter, you will be able to answer the following: 1. How do the five IT megatrends fuel open innovation? 2. What are the primary information systems compo- nents that enable open innovation? 3. What intellectual property issues arise from engag- ing in open innovation? Based on: Board of Innovation. (n.d.). List of open innovation and crowdsourcing