MANAGEMENT OF INNOVATION AND CHANGE

Management of Innovation And Change



Table of content

Introduction3

Define key terms5

Open Innovation system system5

Open Innovation model7

Priorities9

Common understanding9

Are they same or different?9

Big successful companies11

Phases of Innovative Process11

Tools and Techniques12

Measures and Results13

Internal Benchmarking14

Set of Conclusion15

Sum of your literature review15

Why are the advantage?16

Represent and review critical evalution16

Case example which u choose industry, company17

A Third-Generation R&D Organization20

Conclusion21

What you opening innovation was? Resatae the position summarise key position21

New: The Technical Advocacy Program21

Recommedation22

References24

Management of Innovation And Change

Introduction

The most important benefit of Open Innovation system to companies is that it provides a larger base of ideas and technologies. Companies look at Open Innovation system as a close collaboration with external partners - customers, consumers, researchers or other people that may have an input to the future of their company. The main motives for joining forces between companies is to seize new business opportunities, to share risks, to pool complementary resources and to realise synergies. Companies recognise Open Innovation system as a strategic tool to explore new growth opportunities at a lower risk. Open technology sourcing offers companies higher flexibility and responsiveness without necessarily incurring huge costs. (Burningham, 2005, 12p)

Open Innovation system is more about increasing R&D options than about replacing existing ones. The external technological collaboration is complementary to internal R&D investments. An OECD study of 59 companies in a dozen countries found that almost three-quarters of them devoted the bulk of their R&D budget - 80% or more - to in-house R&D activities. At the same time most companies are actively involved in Open Innovation system practices: 51% of the companies allocate up to 5% of their R&D budgets to research in other companies, while 31% allocate more than 10% outside. (Burningham, 2005, 12p)

The term “Open Innovation system” does not refer to free knowledge or technology. While “Open Innovation model” refers to royalty-free technologies, “Open Innovation system” refers to the collaborative methods applied, and may still imply the (significant) payment of license fees between companies for intellectual property.

In order to match the growing demand for innovation from customers, suppliers, etc. with the worldwide supply of science and technology, (large) companies increasingly adopt innovation “eco-systems” across countries. In these innovation networks, companies link up with people, institutions (universities, government agencies, etc.) and other companies in different countries to solve problems and tap into new ideas. (Burningham, 2005, 12p) In this global innovation climate, it is becoming increasingly important for companies to be involved in both external and intra-firm networks.

Define key terms

Open Innovation system system

Open Innovation system is a term promoted by Henry Chesbrough, a professor and executive director at the Center for Open Innovation system at UC Berkeley, in his book Open Innovation system: The new imperative for creating and profiting from technology . The concept is related to user innovation, cumulative innovation and distributed innovation.

“Open Innovation system 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” ...