This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Explain the concept of open innovation and highlight some of its benefits and drawbacks. What ... (Read 90 times)

strangeaffliction

  • Hero Member
  • *****
  • Posts: 660
on: Jul 6, 2018
Explain the concept of open innovation and highlight some of its benefits and drawbacks.
 
  What will be an ideal response?

Question 2

________ is a work arrangement in which employees work at home and are linked to the workplace by computer.
 
  A) Outsourcing
  B) Coworking
  C) Telecommuting
  D) Hot desking


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

josephsuarez

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jul 6, 2018
Answer to Question 1

Answer: Open innovation refers to the process of opening up the search for new ideas beyond the organization's boundaries and allowing innovations to easily transfer inward and outward. Some of the benefits associated with open innovation are:
 It gives customers what they want  a voice.
 It allows organizations to respond to complex problems.
 It nurtures internal and external relationships.
 It brings the focus back to the marketplace.
 It provides a way to cope with rising costs and uncertainties of product development.
Some of the drawbacks of open innovation are:
 There is a high demand of managing the process.
 It requires extensive support.
 It poses cultural challenges.
 Greater need for flexibility arises.
 Crucial changes are required in how knowledge is controlled and shared.

Answer to Question 2

Answer: C


strangeaffliction

  • Member
  • Posts: 660
Reply 2 on: Jul 6, 2018
Wow, this really help

xiaomengxian

  • Member
  • Posts: 311
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

An old concept of genetic transmission—a homunculus in a sperm cell. An old concept of genetic transmission—a homunculus in a sperm cell.
An open chamber MRI may be more comfortable for the patient, but images may not be as distinct. An open chamber MRI may be more comfortable for the patient, but images may not be as distinct.
Hang the canister from the vehicle’s hood and adjust the air pressure regulator to full OPEN ... Hang the canister from the vehicle’s hood and adjust the air pressure regulator to full OPEN ...
Use a rubber finger cot to cover an open wound on a finger. Use a rubber finger cot to cover an open wound on a finger.
Open Faced Ham Sandwich Open Faced Ham Sandwich
Transcription of open and covered promoters Transcription of open and covered promoters
Video: Plant Defense Mechanisms from Pathogens

For a complete list of videos, visit our video library