6_Tech&OI

Question 1

What does open innovation mean?

Answer 1

Open innovation means that valuable ideas can come from inside or outside the company and can go to market from inside or outside

Question 2

What are the four steps in collaborative innovation?

Answer 2

1) Ideas’ creation
2) Ideas’ selection
3) Product’s developing
4) Product’s launch

Question 3

What does ‘IP protection and the lone inventor’ mean?

Answer 3

Individuals who want to safeguard their innovations

Question 4

What are the differences between closed and open innovation on these topics:
1: Corporate ethos
2: Role of customers
3: Core competency
4: Innovation success metrics
5: Attitude toward IP
6: Role of R&D and operations

Answer 4

1: Not invented here - Best from anywhere
2: Passive - Active
3: Integration - Collaboration
4: Margins, market share - ROI, breakthroughs
5: Protect - Broker
6: In-house development - Mixed development