Third Millennium Knowledge is fostering human inspiration and encouraging development of new knowledge to enhance innovative solutions without compromising the ability of future generations to meet their own needs. Since 2005 the main focus of our team is development of open innovation, open collaboration and talent pool tools integrated into organization’s Future Leadership and Strategy Excellence solutions, all based on the Sustainability principles.
Rooted on logitudial experiences with management of international corporations and Private Equity companies,  we have been always a committed user and promotor of leading management tools such as Balanced Scorecard with Execution Premium, Value Based Management, Economic Value Added, Activity based Management & Budgeting. However in time of rapid changes (such as climate change) and especially in recession the companies will need to collaborate to survive, to gain efficiencies, fend off competitive threats and avoid commoditization.

Open Innovation (collaborative innovation) applies the principles of free trade to the marketplace for new ideas, enabling the laws of comparative advantage to drive the efficient allocation of R&D resources. By collaborating with outsiders - including customers, vendors, and communities - a company is able to import lower cost and higher quality ideas from the best sources in the world. This discipline allows the business to refocus its own innovation resources where it has clear competitive advantages.

These collaborative business models offer several benefits: reducing costs, increasing development capacity without increasing R&D budgets, accelerating the development process and quality of new product introductions.

Furthermore, open innovation is a tool for survival based on creativity and a tool to drive disruptive change.