Question

Firm that uses alliances and connections with​ corporate, government, academic​ labs, and consumers to develop new products and processes uses​ ________, a newer approach to​ r&d.

a. dedicated transfer lines
b. technology scouts
c. technical follower
d. open innovation
e. operations strategy

Answer 1

Firm that uses alliances and connections with​ corporate, government, academic​ labs, and consumers to develop new products and processes uses​ open innovation, a newer approach to​ R&D.

In open innovation, firms should be using external and internal ideas, paths to market and advance their technology. R&D stands for research and development and this is a new way to describe, with some changes, a way organizations to conduct research and development.