Open innovation and closed innovation are two innovation principles addressed in the book. Which concepts and ideas are connected to open innovation? (four are correct)
A) The smart people in our industry work for us.
B) In order to benefit from research and development, we must discover, develop and release products on the market on our own.
C) If we use both internal and external ideas in the best manner, we'll come out ahead.
D) If we pave the way in research in our branch, we'll come out ahead.
E) We will benefit when the competition uses our innovations, and will use the competition's innovations when it strengthens us.
F) We must work with smart people both in our company and in other companies.
G) We must control our innovation process, so that the competition is unable to benefit from our ideas.
H)We do not have to do the research in order to benefit from the research results others have uncovered.

Question

Quizplus · Accepted Answer

Open innovation is based on the idea that a company can benefit from utilizing external ideas, technologies and resources in addition to its internal capability. Options C, E, F and H are all connected to open innovation as they focus on collaboration, sharing and leveraging external ideas and resources to gain a competitive advantage. Options A, B, D and G are more aligned with the closed innovation principle, which emphasizes internal R&D to develop and commercialize new products and technologies without external collaboration.

Open Innovation and Closed Innovation Are Two Innovation Principles Addressed