OPEN INNOVATION NAME OF THE STUDENT NAME OF THE UNIVERSITY.

OPEN
INNOVATION
NAME OF THE STUDENT
NAME OF THE UNIVERSITY

Open innovation:
 Open innovation helps an organization for generating
new ideas for innovation but it is so much crucial to use
perfect strategies which will be helpful for new
implementing new innovation. The open innovation is a
term that is used for promoting a mindset of information
age toward the innovation (Malhotra Malhotra & See,
2013). After adoption of an innovation the boundaries of
an organization become more permeable as well as it
allows to combine the resources of the company with co-
operators who are external.

Strategic plan of Facebook:
 Set Goals
 Pinpoint Target Audience
 Set Budget
 Plan connecting with substance
 Plan similarly captivating promotions
 Monitor day by day

Annual goals:
 To enable individuals to fabricate network and
unite the world. Facebook CEO Mark Zukerberg
set the goal that it is learning on the groups as
the future of the community geared mission of
it. The main goal of Facebook is to implement a
social infrastructure for giving people the power
for building a global community.