Question

List three advantages of co-operating across networks in

innovation as opposed to a ‘go – it-alone’ approach.

Answer 1

Co-operating across networks in innovation offers expanded outreach, diversity, and cost-effectiveness.

Step-by-step explanation:

Co-operating across networks in innovation can have several advantages compared to a 'go-it-alone' approach:

1. Expanded outreach: By partnering with other organizations and utilizing their networks, you can reach a wider audience and increase the visibility of your innovation.
2. Diversity: Co-operating across networks brings together different perspectives, expertise, and resources, which can lead to more varied and innovative ideas.
3. Cost-effectiveness: By sharing resources, expenses, and risks with other organizations, you can reduce the financial burden and increase the efficiency of the innovation process.