Podcast
Questions and Answers
Open innovation is not widely adopted by firms due to intellectual property issues.
Open innovation is not widely adopted by firms due to intellectual property issues.
True
In open innovation, it is easy to determine how gains from a new product or service should be distributed between collaborating parties.
In open innovation, it is easy to determine how gains from a new product or service should be distributed between collaborating parties.
False
Having many ideas generated is always a positive measure of success in open innovation.
Having many ideas generated is always a positive measure of success in open innovation.
False
Establishing an efficient internal structure is not necessary for open innovation to succeed.
Establishing an efficient internal structure is not necessary for open innovation to succeed.
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In open innovation, stakeholders should not be informed about the status of their idea submissions.
In open innovation, stakeholders should not be informed about the status of their idea submissions.
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Challenges related to processing ideas efficiently are common when using crowdsourcing models in open innovation.
Challenges related to processing ideas efficiently are common when using crowdsourcing models in open innovation.
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In open innovation, profits should always be shared equally between collaborating parties.
In open innovation, profits should always be shared equally between collaborating parties.
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Innovation requires knowledge, ingenuity, and dedication.
Innovation requires knowledge, ingenuity, and dedication.
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Knowledge Push innovation is commonly observed in the Food industry.
Knowledge Push innovation is commonly observed in the Food industry.
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Need-Pull Innovation is innovation that comes from personal necessity.
Need-Pull Innovation is innovation that comes from personal necessity.
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Process Innovation is about seeking creativity and risk-taking in business operations.
Process Innovation is about seeking creativity and risk-taking in business operations.
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Crisis Driven Innovation arises from the need to act immediately.
Crisis Driven Innovation arises from the need to act immediately.
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R&D spending in China and Europe has been decreasing over recent years.
R&D spending in China and Europe has been decreasing over recent years.
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All employees can participate in Process Innovation according to Peter Drucker.
All employees can participate in Process Innovation according to Peter Drucker.
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Innovation opportunities usually manifest in only one way, according to Peter Drucker.
Innovation opportunities usually manifest in only one way, according to Peter Drucker.
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Fear of global warming has had no impact on stimulating innovation according to the text.
Fear of global warming has had no impact on stimulating innovation according to the text.
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Innovation driven by personal necessity is known as Knowledge Push innovation.
Innovation driven by personal necessity is known as Knowledge Push innovation.
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