What role does open innovation play in a company's product portfolio in Saudi Arabia?

In the world of huge Knowledge companies must non afford to rely on their own capacities but should try to expand their horizons explorating a wide range of internal and external sources for innovative opportunities through multiple channels.

Open innovation would increase the number of products and the the quality of products in a portfolio thus would reduce the risk of having products entering into exit stage of their life cycle. This would ensure consistent sales flow leading to profitability and business survival.