Podcast
Questions and Answers
What is one of the main reasons why companies might lack innovation capability?
What is one of the main reasons why companies might lack innovation capability?
- Inadequate revenue streams
- Inadequate facilities for developing new products
- Insufficient infrastructure
- Lack of talented employees (correct)
What is one of the benefits of Open Innovation in terms of old products and services?
What is one of the benefits of Open Innovation in terms of old products and services?
- Improving internal knowledge of employees
- Accessing endless ideas to reshape existing products (correct)
- Creating new revenue streams
- Reducing costs and time to market
What is an advantage of Open Innovation when working with smaller firms?
What is an advantage of Open Innovation when working with smaller firms?
- Access to new markets
- Increased internal knowledge of employees
- Improving old products and services
- Reducing costs and speeding up the development process (correct)
What can internally generated ideas but not developed internally do through Open Innovation?
What can internally generated ideas but not developed internally do through Open Innovation?
What is a result of accessing new ideas through Open Innovation?
What is a result of accessing new ideas through Open Innovation?
What is an example of Open Innovation in action, as mentioned in the text?
What is an example of Open Innovation in action, as mentioned in the text?
What is the main reason why firms need to adopt open innovation?
What is the main reason why firms need to adopt open innovation?
What is the main difference between open innovation and closed innovation?
What is the main difference between open innovation and closed innovation?
What is the main challenge of relying on internal knowledge to develop products?
What is the main challenge of relying on internal knowledge to develop products?
What is the purpose of collaborating with other organizations in open innovation?
What is the purpose of collaborating with other organizations in open innovation?
What is the main advantage of open innovation?
What is the main advantage of open innovation?
What is the main benefit of open innovation, according to the chapter?
What is the main benefit of open innovation, according to the chapter?
What is the primary goal of a strategic alliance between two firms?
What is the primary goal of a strategic alliance between two firms?
What is the primary difference between incubators and accelerators?
What is the primary difference between incubators and accelerators?
What is the primary goal of innovation outsourcing?
What is the primary goal of innovation outsourcing?
What is the benefit of co-creation in product development?
What is the benefit of co-creation in product development?
What is a joint venture in the context of open innovation and collaboration?
What is a joint venture in the context of open innovation and collaboration?
What is the primary goal of incubators in open innovation and collaboration?
What is the primary goal of incubators in open innovation and collaboration?
What is the primary purpose of running an Open Innovation challenge?
What is the primary purpose of running an Open Innovation challenge?
What should be clearly defined when running an Open Innovation challenge?
What should be clearly defined when running an Open Innovation challenge?
What is one of the common issues that can arise when using Open Innovation?
What is one of the common issues that can arise when using Open Innovation?
What is the purpose of the challenge details in an Open Innovation challenge?
What is the purpose of the challenge details in an Open Innovation challenge?
What are the three ways to run an Open Innovation challenge?
What are the three ways to run an Open Innovation challenge?
What should be set out when selecting participants for an Open Innovation challenge?
What should be set out when selecting participants for an Open Innovation challenge?
What is the primary focus of technology transfer?
What is the primary focus of technology transfer?
What is the main objective of open innovation?
What is the main objective of open innovation?
What is the primary difference between technology transfer and research and development?
What is the primary difference between technology transfer and research and development?
What is one of the models of technology transfer mentioned in the text?
What is one of the models of technology transfer mentioned in the text?
What is a potential challenge of open innovation if not managed effectively?
What is a potential challenge of open innovation if not managed effectively?
What is the four-stage conceptual framework used to explore the processes involved in?
What is the four-stage conceptual framework used to explore the processes involved in?
