International Trade and Finance Partnership Model for Oil Companies

International Trade and Finance Partnership Model for Oil Companies

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Implementation and adoption of an open innovation approach provides the stage of improving the business model, using intellectual assets, profitable exchange of technical knowledge and patents, and developing formal and informal cooperation networks. These business models set the stage of gaining and applying foreign knowledge and ideas cheaply and utilizing market opportunities for innovator companies with the open model. The development of open innovation requires the development of cooperation networks. So, an international trade partner issue is raised to reach open innovation. Organizatio...