What Is An Open Innovation Company Essays

Found 259838 essays.

Open Versus Closed Innovation Essay

In this paper we will explore the methods of closed and open innovation.Trott ; Hartmann, (2009) point out that 01 is very linear and does not suggest any “feedback or feed-forward mechanisms” unlike the newer innovation models such as the “Cyclic Innovation Model” (Berkhout, A], Patrick van der Duin, Dap Hartmann ; Roland Ortt,(2007), cited in Trott ; Hartmann, 2009).Open Versus Closed Innovation BY celestel 979 A Critical Look at the Effects of In the Innovative Firms of the Twenty-first Century June 17, 2010 Abstract In todays fast paced business world, which innovation method should companies adopt, open or closed innovation?One more trouble with 01 is that well some areas open up to help the flow of knowledge it has been found that ...

1683 words (4.2 pages)
An Open Innovation Business Model Commerce Essay

However HP, Canon and Apple benefited from the model as they have all taken the third and fourth approach to “Open Innovation” business model.In order to understand “Open Innovation” better, we will need to know the opposite of it- the “Closed Innovation”.Open Innovation business model is merely an evolution of closed innovation as it consist partial traits of the latter.“Open innovation is the use of purposive inflows and outflows of knowledge to accelerate internal innovation, and expand the markets for external use of innovation, respectively.This makes the labour market highly mobile which encourage companies to shift from a closed innovation model to an open innovation model.

2428 words (6.1 pages)
Open Innovation Essay

Gore uses a type of open innovation strategy, keeping control of its core technology and licenses the use and allows for innovation within a particular field to its licensees.The platform design theory closely resembles the type of open innovation that Chesbrough names “architect”; the company develop architecture to allow for platform design, where external innovators can further develop the technology (Chesbrough, 2003).Managerial Consequences Firms can capture value from technology and with the trend towards open innovation firms actively transfer technology to other organizations.Conclusions On the example of W. L. Gore & Associates, Inc we analyzed the open innovation strategy which is perused nowadays by a lot of the most succe...

1799 words (4.5 pages)
Increasing Innovation by the Use of Incentives While Maintaining Current Costs Essay

Oftentimes, it is simply a matter of creating a gentler work environment which is more intimate, open, and considerate.In creating friendly alliances with other companies, organizations, and agencies, the desire to engage in open communication and collaboration is fostered and stimulates the innovate energy of the company workers.One of the simplest ways to begin fostering increased innovation in the company is to begin placing an emphasis on having face to face meetings on a regular basis at the office and to offer an extra week of vacation per year to all workers.Internally, workers are enthused by the idea that upper management truly values the ideas of the people in the company, and, externally, workers are open to information and su...

1571 words (3.9 pages)
Innovation And Open Innovation Concept Management Essay

Open Innovation is the approach where the firms use external ideas of innovation from the community and society as well as internal innovation.In open innovation models, the firms used the external sources technologies and knowledge to improve the internal innovation process and the firm also capable to commercialize the internal innovation via their own distribution channel by external pathways.As know that open innovation paradigm is relatively new approach on the Malaysia industry but there are still companies already applied the open innovation paradigm.In the simply words, open innovation explained as a process where the firms use external ideas of innovation from the community and society as well as internal innovation.Open Innovat...

3852 words (9.6 pages)
Importance of Open Innovation in Firm Development Analytical Essay

Considering open innovation initiates the two-way process whereby organisations benefit from both internal and external technologies, open innovation can help harmonize internal and external resources to the benefit of a firm’s growth.Open innovation is especially important in today’s chaotic and turbulent business environment because interactions between firms and their external environments have become more permeable than ever before and open innovation facilitates the inward and outward movement of information to benefit organisations.Also, many faults have been identified in applying open innovation strategies at the product design stage because most often than not, it leads to “innovation to specification” where solutions and challe...

5213 words (13.0 pages)
The Terms Of Internal And External Environments Business Essay

Furthermore, to overcome the challenges related to creating an innovative culture and organisation, open innovation has become the new project management of the 21st century.In developing fresh meat like a younger manager or younger employee, they are more open to fresh and innovative thinking.In order to bring everybody into innovation the game, the new president of the company expected all P&G employees to understand the role they play in innovation.Since A.G. Lafley became chief executive officer in 2000, the leaders of P&G have worked hard to make innovation part of the daily routine and to establish an innovation culture.We can conclude that a new manager has to clarify their company’s vision and direction, create an environ...

2638 words (6.6 pages)
Social Media and Innovation Essay

The authors concluded the article “Rising Creativity and Participation in Innovation and Knowledge Management Activities,” by stating “Nowadays social media is increasingly supporting innovation and is behind most open innovation processes and user’s co-creation activities.” Following in line with this claim, Figge et al.al (2011) acknowledged the assumption that “it is much more difficult to utilize social media in business innovation and customer interface for business-to-business innovation and customer interface for business-to-business products, markets and product development.” Research exploring social media and benefits from the business-to-business customer interface perspective found potential causes for variance of social medi...

4931 words (12.3 pages)
Push and Pull Factors in the Tourism Industry Essay

At the beginning Gogo was focused on the product innovation, but as the company has grown, they have shifted to process innovation.Product Innovation is when emphasis on innovation is placed on the finally product, whereas in process innovation is when innovation is focused on the production and distribution (Johnson et al, 2011).This can be compared to closed innovation, when innovation is based on internal personnel (Johnson et al, 2011).Although by company innovating new products or services, it dose propose the risk of innovation dilemmas, Gogo has proven that they can overcome these dilemmas and continue to lead and grow.Gogo began as a technological innovation, however has become a business-model innovation for companies using Gogo...

871 words (2.2 pages)
Innovation From Googles Free Food Strategy Essay

They have created an environment that fosters innovation and creativity with the freedom to purse your interest as well as accomplishing your team goals.They want a complete open culture that is felt within a new startup company would have to make the employees feel free to talk to anyone within the company, including the founders, at any time.It fails to accompany the customer, concern of survivability or public image amongst other things, but at the sometime this small open minded Mission Statement accomplices the company as a whole and their “Open Innovation” philosophy.We will be looking at the Forbes Magazine’s “Best Company to Work for in 2014” number 1 ranked company Google.I personally would love to work at Google or a company th...

1177 words (2.9 pages)
Developing Innovation at Nokia

Nokia must encourage open dialog as well as an open channel for communication between workers.The performance plans of Nokia should be open to development.In an effort by the company to promote innovation Nokia could adopt a few strategies which encourage the team members to be as innovative as possible.The company needs to set up a team that will champion innovation in the organization.Intercessions that should be implemented in this case should involve respect for employees and the administration, having a working administration in Nokia, having trust and open channels of communication between the administration and the employees.

2597 words (6.5 pages)
A look into the current situation at Nokia

Nokia must encourage open dialog as well as an open channel for communication between workers.Intercessions that should be implemented in this case should involve respect for employees and the administration, having a working administration in Nokia, having trust and open channels of communication between the administration and the employees.The performance plans of Nokia should be open to development.Innovation requires a lot of employee effort and Nokia is facing the challenge of ensuring that it constantly motivates its employees so as to allow the company to operate at optimum efficiency.In order to have innovation in the company proper motivation of employees is needed so as to be able to promote proper innovation in its employees.<...

2601 words (6.5 pages)
The Role of Company Culture in Innovation Creation Process

Some training paid by company on regular basis; Not too much, right?Line managers trained to encourage open mind for new ideas; 2.Support some open projects like mobile application competition; 2.As some people things the right way (unfortunately You will need to watch 10 minutes movie) – by creating story behind what we do and let personnel some freedom, we open doors to employee ideas by encouraging (free time to do this stuff or by certain public recognition).Of course – the most evil department in any company: Human resources (further in text used as HR).

731 words (1.8 pages)
Venture Concept Essay

Similar to the initial personal investment of Harvey McLain to open Turtle Bread Company is Love 4 Sweet Company’s owner will also take the risk opening its first new store.Turtle Bread Company was founded by owner Harvey McLain in 1996.Turtle Bread Company offers hearth breads, sweet breads, pan loaves, rolls, cakes, cookies bars, cheesecakes, pies, croissants, Danish, puff pastries, muffins, scones, and beverages (McLain, 2009).The added innovative ideas of producing bakery goods and special touches of innovative services offering of Love 4 Sweet Company want to have the opportunity to put in action.Turtle Bread Company.

929 words (2.3 pages)
Organizational Culture of Virgin Group Essay

In the planning of the management, they will more likely to take the risk of the plan in open systems culture in the large extent, which this culture is emphasis on creativity and innovation that the employee will have some innovative idea when planning.They are open systems, human relation, internal process and rational goal.In the human relation and open system culture, they will likely develop the plan by team, but the mangers will likely develop the plan by individual in the rest of the cultures.Actually, it can divided seven dimension of organizational culture which are attention to detail, outcome orientation, people orientation, team orientation, aggressiveness, stability and innovation and risk taking, and now I will use these se...

1509 words (3.8 pages)
Open Source Software and the Private-Collective Model of Innovation

Open Initiative (2012), Open Standards Requirement for Software, Online article.Firstly, they outlined the nature of the open source software development described by the authors as a “major cultural economic phenomenon” [Von Hippel and Von Krogh, 2003]; new model of innovation as opposite to the existing conformist models, which in perspective might change the way in which the innovations are shaped.Currently private-collective model of innovation nevertheless has been widely adopted in OSS development and within artists’ communities such as open source music, literature and art, is not limited to the individuals’ dome.(2006), ‘Best of both worlds: Real-world examples of mixing open and closed source software,’ Presentation at Open Sour...

3041 words (7.6 pages)
Leadership and Organisational Climate Effect on Innovation

To promote innovation within an organisation, the leadership has to facilitate innovations among its people based on trust, support, openness, and risk taking.However, the conflict and debate only can be effective in an organisation with open and collaborative climate; otherwise, the conflict and debate will generate negative effect such as personal insult and attack (Tidd & Bessant, 2009).Innovative leadership integrates innovation processes with talented people, in another word, to change organisation climate and deploy people to facilitate innovation in organisations through behaviours of leadership, by various leadership styles, or leadership priorities.By doing things differently or in an unconventional way, an innovation organi...

4993 words (12.5 pages)
The role of information technology in improving innovation

Innovation is a nonstop improvement of self-development, idea making and management of its technological advantage and economic benefit on the market Innovation is a constant process of self-prepay, idea generation and management of its technological advantage and economic benefit on the market (Borisz.In spite of these and other disciplines, researchers are liable to conceptualize innovation and reinforcing innovation in diverse ways (Gopalakrishnan and Deveonpour, 1997, Tang, 1998).Thomke, Stephan H. (2003), “Experimentation matters: Unlocking the new technologies for innovation”, Harvard Business School Press.Rigby and Zook (2002) pointed out four key benefits: the inflow of tangential and new ideas may lead to innovation; the outflow...

2242 words (5.6 pages)
The Tesco Importance Of Innovation In Marketing

Such models include Development funnel by Wheelwright and Clark (Wheelwright & Clark, 1992), the Innovation pentathlon framework by Goffin and Mitchell (Goffin & Mitchell, 2005) and a general model of innovation process presented by Tidd and Bessant which describes innovation to consist of four steps divides the innovation process into four phases; generation of fresh thoughts or ideas, selection of the best possible idea, implementation of the selected idea, capturing the advantage intended from the idea.However, sometimes, marketing innovation is considered as a sub-part of product innovation (Tidd and Bessant, 2009) however, hypothesis and information concerning marketing innovation is deficient in prose.Today, the five aspect...

4807 words (12.0 pages)
Makerbot: The way forward Essay

However, this could have serious hiccup on the growth of the company because sharing a patent free innovation could result in copycat machines.Reference: .The pursuit of low cost printing materials like the Fused Deposition Modeling (FDM) is the right step in other to reduce overhead cost for end users.Market segmentation should be in the United State where industrialization is at its peak and the respect for innovation and invention is imminent.MakerBot has lived up to its mission statement by making it brand accessible to all.

464 words (1.2 pages)
The Impact Of Innovation

The strict separation between invention, innovation and marketing does not accurately represent the dynamics of innovation today.This term was coined by Henry Chesbrough, who in his book “Open Innovation”, proposes to open the creative processes of innovation, in order to get innovative ideas from any source, whether internal or external to the company, and not only from the areas dedicated to the business activity .For the first time apple open and online store to set up direct sales .The linear model of innovation is an interpretation of the act of innovation, outdated but is still applied in many cases.The linear model is a first generation model, and only takes into account the thrust of science / technology or market pull (concepts ...

4860 words (12.2 pages)
Siemens case Essay

The era of open innovation.As for future recommendations, Siemens has to learn from mistakes made in the past and keep on improving open innovation within and outside the company.Appendix 1 – Open Innovation.Open Innovation At Siemens, Harvard Business School.Implementation of open innovation helps to add more value to each process in the organization and, therefore reduce costs and time of production.

4397 words (11.0 pages)
Implications Of Knowledge Processes Management Essay

Traditionally innovations were create within a company by particular employees which had the expert know-how and their personal networks to colleagues and management that could acquire the resources and business planning needed to get the innovation from idea to final product (Hardy and Dougherty, 1996).These networks were constructed through long term employment within the company usually from employees that have worked with various divisions and know how to manoeuvre around the formal constricted managerial system using social events and activities to build a multifunctional team to spearhead the innovation process.This view should be furthered that political power resides not only in managerial powers but also in networks; resources a...

3624 words (9.1 pages)
The Innovation Value Chain of Outbound Open Innovation

Through the construction of an innovation value chain of outbound open innovation framework, this article reveals the operation mechanism of desorptive capacity and provides a theoretical basis for implementation of the outbound open innovation.We know that there are basically two ways to adopt open innovation in a company: the inbound process, which exploits external sources of innovation in order to integrate external know-how and innovation into the company; The outbound process, which utilizes external innovation opportunities with internal capabilities and resources.However, unit now how outbound open innovation to create value for the enterprise has not been discussed in detail , this paper attempts to draw on the innovation value ...

1636 words (4.1 pages)
Innovation Strategy Implementation And Managing Changes

Recently Nestle introduced the concept of Open Innovation and in this process they integrated the external and internal ideas with in the management and the integrated ideas are posted across the technical frame work once the top level management approves these ideas and finally they are introduced in to the market place.Vodafone has introduced an innovation concept known as Joint Innovation Lab, where different service providers are integrated to share their ideas and these companies include Vodafone, Verizon Wireless, China Mobile and Softbank Mobile.Different partners of the organisation are trained with the latest innovation strategies of the company for a course of 2 days and a typical IdeaStore holds the key information about the l...

3998 words (10.0 pages)
Change and Innovation

* Keep communication open.The company is taxed with the responsibility of calming employee concerns and weeding out, so to speak, the employees that do not share in the company’s change.Workplace Innovation Is Not Spontaneous – You Need Real Change to Make it Go.In conclusion the way to have innovation in the workplace is through change, this change may include a change in staff and/or policy.Innovation and change go hand in hand, as there has to be some sort of change in order to have productive innovation at work.

766 words (1.9 pages)
Advancements in Telecommunications Essay

An example of open innovation models are presented by the Norway company Telenor.Other threats for telecom industry are the varieties of substitute products and services such as phone calls and online calls.The volume and opportunities which the market could provide are encouraging new entrants to the industry.The idea of Open Innovation is to involve any shareholders who have interests of the product like partners, suppliers, customers and society.The power of buyers is extremely important because of the variety of products and services.

418 words (1.0 pages)
Entrepreneurial Management Innovation At Wipro Business Essay

However the company is striving to compete with global competitors in the technological field and this barrier can cause a major impact on the innovation strategy.However, the company has to rethink of its methods since close competitors like TCS, Infosys and CTS are also making huge investments in innovation.However the working framework of innovation at Wipro classifies innovation at Wipro as Process Innovation, Technology Innovation, Delivery Innovation and Business Innovation.The company was able to launch new products continuously due to its innovation strategy, which considerably reduced the time between idea-generation and final product development.The company emphasized the commercial viability of an idea along with innovation.

3096 words (7.7 pages)
Change Management Processes in Business

Vodafone India further demonstrates their commitment to innovation when they build innovation into performance management... Open Innovation or expanding the pool of brains thinking about their business problems outside of Vodafone is a concept that has gained significant and recent traction.Are senior leaders confident enough to leave themselves open to evaluation from all others in Vodafone?And for open innovation to truly work, they need to have their internal house in order first as it relates to idea and innovation management.Then one day, some very smart innovation management consultants showed these organizations that there is no such thing as an “all or nothing” approach to innovation.

3764 words (9.4 pages)
Analysis Of Creative And Innovative Management

Excessive investments are not needed if a company has awareness about innovation and can use it to create products with unique features.Open innovation is a paradigm that assumes that firms can and should use external ideas as well as internal ideas, and internal and external paths to market, as the firms look to advance their technology”.The collaboration necessary, general cultural differences that can influence the process and the importance that organizational culture has on creating an environment that supports innovation, after these presentation keynotes, I often get a few people who approach me with their stories about innovation in their organizations... Open Innovation or expanding the pool of brains thinking about their busin...

3779 words (9.4 pages)

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