An innovation that works for one organization can be harmful to another organization. Therefore, best practice for managing technological innovations varies depending on the type of organization in question. A best practice that can be used by all organizations is the concept of open innovation. In the article How to Manage Open Innovation: Organizational Approach, Liliana (2013) explains that “Unlike the closed model, which presupposes internal research and development (R&D) and is aimed at traditional markets, open innovation places emphasis on external relations to acquire and/or develop inventions.” (Liliana, 2013, page 7). Open innovation is a concept developed by Henry Chesbrough because he felt "frustrated that there weren't more useful ideas and advice from academia." (Chesbrough, 2011). Open innovation opens the door to a wide range of ideas and suggestions that can help an organization succeed at being innovative. This will enable the organization to hold a competitive advantage over the competition. Organizations that understand the importance of managing technological innovation will have an easier time succeeding than those organizations that feel safe and put innovation on the back burner. Managing technological innovation is essential today, when technology advances at a faster rate than today