Please enable JavaScript.

Coggle requires JavaScript to display documents.

Open Innovation Material (Open Innovation: A new paradigm - Chersbourgh…

- - - - • Imitate competitors
      - • Consult with customers who are lead users
      - • University research funded by companies
- - - - coordination
        
        design of mechanisms of interraltion between activties/firms/organizations
        
        searching and selecion of ideas
        
        knowledge/collaborators to carry out innovation activities
      - 1. Searching valuable ideas outside the firm
        
        sources to search
        
        cost
        
        varies depending on innovation process and complexity
      - Divergence
        
        control is devolve to independent firms
        
        suboptimal coordination
        
        divergent objectives of the firms
    - - 1. ideas left inside the form
        
        ideas are shelved
        
        should have business models that can exploit
        
        risk of competitors launching the ideas first
        
        first mover advantage
        
        employees will take low pay to learn from org
        
        regain value when they develop spin off when leaving
      - 2. economic information
        
        managing info across boundaries
        
        you cannot completely reveal ideas, knowledge of tecnology initially
        
        transformed into public good without compensation
        
        lose economic value
      - 3. team production
        
        difficulty to contributions from team members
        
        free riding can upset the chance of sussess
        
        need adequate system of incentives to avoid free riding problems
      - 4. Commercialization/exploitation
        
        strength of property rights can be damanged if firm technology is being used by other firms
        
        imitation can lead to devaluation
- - - - favoured practices
        
        customer and consumer co-creation
        
        informal networking
        
        university research grants
        
        also a growing importance in startup and idea competitions
      - least practiced
        
        crowdsourcing
        
        intermediary services
    - - favoured
        
        joint ventures + growing in importance
        
        selling of market ready products
      - least used
        
        donations to non profits
        
        spin offs
    - - preferred
        
        custiners, unviversities and suppliers and final consumers
      - lowest rated
        
        competitors and communities
  - - - cultural norms are perceived as equal in importance
  - - - share of external innovation contributions for individual R&D products = most relevant
      - cost/benefit evaluation of innovation partners
      - numbre of partners rank