The Effect of Open Innovation Strategies on Business Models in the Automotive Sector

The Effect of Open Innovation Strategies on Business Models in the Automotive Sector

By • on July 6, 2020

The Inder Science Online website posted an article which explores how the adoption of an open innovation strategy changes the business model, specifically, in the case of small and medium enterprises (SMEs). Previous studies have mainly addressed this topic theoretically, and the original contribution of the approach in the present study stems from

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Innovation Challenges

Innovation Challenges

By • on June 2, 2020

The Oxford Research Encyclopedia posted an article which noted that starting from early 21st century, companies increasingly use open innovation challenges to generate creative solutions to business problems. This revolution in business models and management strategy reflects the evolution supported

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The Interplay between Open Innovation and Lean Startup

The Interplay between Open Innovation and Lean Startup

By • on March 26, 2020

Henry Chesbrough and Christopher Tucci posted a paper on the Leeds Faculty website which considers the contribution of Lean Startup to the lack of practical advice for employing Inside-out knowledge flows in open innovation. Lean Startup offers a series of practical steps for exploring—and validating—potential

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Fear of Looking Foolish

Fear of Looking Foolish

By • on January 20, 2020

The HAL website posted an overview of a presentation Henry Chesbrough and Sea Matilda Bez gave at the World Open Innovation Conference in Rome this past December. The authors note that managers are myopic in their evaluation of technology; why don’t managers search for alternative business models for

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Developing Sustainable and Scalable Business Models

Developing Sustainable and Scalable Business Models

By • on December 6, 2018

The City University of London website noted that a significant emerging trend is the increasing adoption of a ‘portfolio’ of business models to maximize revenue generation; this study identified at least four distinctive variants. First, the market portfolio, when some firms simultaneously deploy

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A Dynamic Business Model Framework

A Dynamic Business Model Framework

By • on April 19, 2017

A post on the Blog of the Garwood Center for Corporate Innovation discussed different types of business models: “Mom and Pop” operations; organizations such as newly entering companies differentiated based on higher performance; companies with good product and process technologies such as

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