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Questions and Answers
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.
False
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.
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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.
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In open innovation, profits should always be shared equally between collaborating parties.
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Innovation requires knowledge, ingenuity, and dedication.
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Knowledge Push innovation is commonly observed in the Food industry.
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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.
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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.
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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.
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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.
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