Which kind of collaboration is right for you?

In this article Gary P. Pisano and Roberto Verganti talk about different types of innovation collaboration. Four types of collaboration exist including an elite circle, innovation mall, innovation community and consortium. These four types of collaboration techniques involve open or closed, and flat or hierarchical governance systems . With a sold understanding of your business’ strategy and knowledge of what your company can offer the correct selection of collaboration greatly benefits a company’s innovation efforts.