Work process

Excellent results through open innovation process

The term “open innovation” was defined at Harvard Business School in 2003, but has been practiced by CMC Contrast since 2000.

In short, the principles of open innovation include the following:

• We work with smart people whether they are inside or outside our company
• External R&D can contribute significant value, but we also need internal R&D to claim some portion of that value.
• We don't have to originate the research to benefit from it
• Building a good business model is more important than getting to market first.
• We should profit from others’ use of our innovation process, and buy others’ intellectual property (IP) whenever it advances our own business model.

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