Lecture 5 Flashcards
1
Q
What does an innovation strategie need?
A
- push and pull
- radical (new market) and incremental (exploiting new market)
2
Q
What is open innovation?
A
Openly sharing information
3
Q
What is organizing absorptive capacity?
A
Ability recognize value external knowledge and how to apply it.
4
Q
What does successful open innovation requires?
A
Internal innovation
5
Q
What are good and bad things about open innovation?
A
good= more knowledge and feedback
bad= information overflow, coordination costs, higher risk opportunism
