Open Closed Innovation Presentation

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Research project by Sandra Cecet & Sanya Khanna. We are interested in the Open Innovation process, when, why and how is happens. As well, is it indeed such an open paradigm as a literature suggests.
Key Words: Open Innovation, Closed Innovation, Open-Closed Innovation, Multinational Companies, New Product Development, Radical Innovation, Mindset, Collaboration.

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  • As well it ’s cheaper and faster way to innovate
  • As well to surpass stage gating innovation projects are cared in incubators and directly reported to the board.
  • It ’s about co-operation linking into sustainable partnership for value creation.
  • It ’s about co-operation linking into sustainable partnership for value creation.
  • Open Closed Innovation Presentation

    1. 1. INNOVATION PROCESS AND OPEN-CLOSED INNOVATION
    2. 2. ‘ OPEN INNOVATION IS NOT A COOK BOOK ! IT’S A MINDSET!’ QUOTE:
    3. 3. ? WHEN
    4. 4. WHEN? WHEN YOU HAVE A RADICAL INNOVATION
    5. 5. WHEN? TO GAIN COMPETITIVE ADVANTAGE
    6. 6. ‘ TRANSITION FROM TECHNOLOGY PUSH MARKET INTO MORE ENTREPRENEURIAL GO TO MARKET’ QUOTE:
    7. 7. ? WHY
    8. 8. WHY? INCREASING INTELLECTUAL CAPABILITY BECAUSE YOU DON ’T HAVE ALL COMPETENCIES IN-HOUSE
    9. 9. ‘ IN ALL SCENARIOS WE LOOK FOR THE BEST IN CLASS’ WHY?
    10. 10. ? HOW
    11. 11. HOW? LEGAL INSTRUMENTS ARE NOT A BARRIER THEY ARE RATHER FACILITATORS
    12. 12. ‘ RATHER THAN A MARRIAGE ON TERMS, OPEN INNOVATION IS THE INTENT TO MARRY ’
    13. 13. ‘ IT’S AN ORGANIC, NOT A VERTICAL PROCESS’
    14. 14. OPEN-CLOSED INNOVATION WHY?
    15. 15. REASON WHY THIS PROCESS BECOMES OPEN- CLOSED INNOVATION TOO RADICAL; RISK OF LOOSING MARKET VALUE
    16. 16. STREAMLINING THE INNOVATION WITH THE CORE BUSINESS IN ORDER TO GAIN SHORT-TERM RETURN OF INVESTMENTS REASON WHY THIS PROCESS BECOMES OPEN- CLOSED INNOVATION
    17. 17. ADVICE
    18. 18. START WITH BUILDING AN OPEN- INNOVATION CULTURE INSIDE YOUR COMPANY IT WILL INCREASE YOUR BRAND VALUE IN THE LONG TERM 1
    19. 19. BUILD TRUST FOR PARTNERS & THEIR CAPABILITIES OVERCOME NIH SINDROME (NOT INVENTED HERE) 2
    20. 20. THINK LONG TERM IT ALWAYS WORKS! 3
    21. 21. ! THANK YOU SANYA KHANNA & SANDRA CECET

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