Innovation Management Chapter 8: Open Innovation

<p>Generating a high rate of good ideas</p> Signup and view all the answers

<p>To reach common goals</p> Signup and view all the answers

<p>It leads to better outcomes</p> Signup and view all the answers

<p>To achieve mutual goals such as product development and market access</p> Signup and view all the answers

<p>It creates a new legal entity to achieve mutual goals</p> Signup and view all the answers

<p>Delegating the idea generation to other firms with high expertise or low cost</p> Signup and view all the answers

<p>Ikea asking customers to help propose new furniture concepts</p> Signup and view all the answers

<p>Supporting external ideas and transforming them into small firms</p> Signup and view all the answers

<p>Incubators focus on early-phase startups, while accelerators focus on speeding up market growth of existing businesses</p> Signup and view all the answers

<p>To generate creative ideas from a global or local community</p> Signup and view all the answers

<p>Having clear goals and communications</p> Signup and view all the answers

<p>To define the most promising ideas to develop</p> Signup and view all the answers

<p>Define the innovation goals for the business</p> Signup and view all the answers

<p>The title of the challenge</p> Signup and view all the answers

<p>It is hard to know the origin of all ideas or if they are stolen</p> Signup and view all the answers

<p>Unclear goals</p> Signup and view all the answers

<p>To define the idea's ownership and prevent challenging situations</p> Signup and view all the answers

<p>Rewarding and recognizing good ideas</p> Signup and view all the answers

<p>To give clear instructions about how to participate in the challenge</p> Signup and view all the answers

<p>To define the most promising ideas to develop</p> Signup and view all the answers

<p>Using innovation management software</p> Signup and view all the answers

<p>To apply technology to a new use or user</p> Signup and view all the answers

<p>Licensing model</p> Signup and view all the answers

<p>It can significantly speed up the innovation process</p> Signup and view all the answers

<p>It can lead to challenges if the process is not managed effectively</p> Signup and view all the answers

<p>To explore the processes involved in inward technology transfer</p> Signup and view all the answers

<p>It involves the application of technology to a new use or user</p> Signup and view all the answers