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Entrepreneurship and Innovation Management > Session 12: Open innovation > Flashcards

Session 12: Open innovation Flashcards

1
Q

Closed innovation

A

A company following the model of “closed innovation“ generates own ideas,
develops and commercializes them.

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2
Q

Open innovation

A

Open Innovation, also offene Innovation, bedeutet, dass der Innovationsprozess von der herkömmlichen geschlossenen Form über die Unternehmensgrenzen hinaus nach außen geöffnet wird.

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2
Q

Open Innovation

A

A company following the model of open innovation commercialized its own ideas as well as innovations from external sources.

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3
Q

Why cooperate in Innovation ?

A

Collaboration can reduce the cost and risk of innovations.

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4
Q

Advantages of R&D cooperations

A 
• Combined R&D financing
• Reduction of risk
• Realization of cost Advantages
- Synergies 
- Reducing the development competition 
- Possible government aid
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5
Q

Def User Innovation

A

An innovation is a user innovation if the innovator expects to benefit from it by using it

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Entrepreneurship and Innovation Management (12 decks)

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