An approach to enterprise that draws on ideas from openness movements like free software, open source, open content and open tools and standards. The approach places value on transparency, stakeholder inclusion, and accountability.
Open business structures make contributors and non-contributors visible so that business benefits are distributed accordingly. They seek to increase personal engagement and positive outcomes by rewarding contributors in an open way.
Source: Wikipedia: https://en.wikipedia.org/wiki/Open_business« Back to Glossary Index