What are structures that enable collaboration with external innovators known as?

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The term that refers to structures enabling collaboration with external innovators is known as the Open Innovation Framework. This concept emphasizes the importance of utilizing external ideas and technologies in conjunction with internal efforts to foster innovation. The Open Innovation Framework encourages organizations to harness external knowledge, skills, and resources, thereby breaking down traditional barriers that often confine innovation to a single entity's internal capabilities.

Companies adopting this framework actively seek partnerships, alliances, and collaborations that allow them to access diverse perspectives, tools, and insights from outside the organization. This approach can lead to increased creativity, faster time-to-market for new products, and a more robust innovation pipeline, as organizations can leverage a wider pool of talent and ideas.

In contrast, the other options do not capture this distinct concept as effectively. The Joint Collaborative Model, for example, may refer to specific partnerships but does not embody the broad, structured approach to external collaboration that open innovation encompasses. The Innovation Ecosystem refers more to the environment where various players interact to drive innovation, rather than the specific structures that facilitate this collaboration. Finally, Partnering Structures could imply arrangements between organizations but lacks the explicit focus on the open and inclusive nature of idea exchange that defines the Open Innovation Framework.

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