This framework is developed by a team of former McKinsey and Big 4 consultants. The presentation follows the headline-body-bumper slide format used by global consulting firms.
Explore Open Innovation Management, crafted by ex-McKinsey & Big 4 consultants. Enhance growth through strategic insights on platforms, motivations, and collaboration. Open Innovation Management is a 26-slide PPT PowerPoint presentation slide deck (PPTX) available for immediate download upon purchase.
Open Innovation, also referred to as Outside Innovation, can be an incredible source of Innovation and Growth for an organization. The fundamental idea of Open Innovation is to rely on outsiders for both:
1. A source of ideas
2. A means to commercialize those ideas
In pursuing Open Innovation, there are 3 key considerations to evaluate, which are discussed in this framework presentation:
1. Consideration of Innovation
2. Consideration of Motivation
3. Consideration of Platform Business Model
Additional topics discussed include Markets vs. Communities, Extrinsic vs. Intrinsic Motivations, Knowledge Accumulation vs. Experimentation, the 3 types of Platform Business Models, among other topics.
This deck also includes slide templates for you to utilize in your own business presentations.
This presentation delves into the critical decision-making process between competitive markets and collaborative communities. It contrasts the dynamics of each, highlighting the formal governance and profit motives of competitive markets versus the cooperative relationships and technology sharing in collaborative communities. This comparison aids in understanding which approach aligns best with your organization's innovation strategy.
The PPT also explores the spectrum of motivations driving external innovators, from extrinsic to intrinsic. It emphasizes the importance of aligning these motivations with your innovation goals to ensure active participation. By examining extrinsic rewards and intrinsic challenges, you can tailor your approach to attract the right external talent.
Finally, the presentation provides a detailed analysis of three types of platform business models: Integrator, Product, and Multisided Platforms. Each model is dissected to show how control and autonomy are balanced between the platform and external innovators. This section is crucial for organizations looking to implement a platform strategy that maximizes innovation while maintaining strategic control.
This PPT slide outlines 3 critical considerations for selecting an Open Innovation approach: Innovation, Motivation, and Business Model. "Consideration of Innovation" emphasizes assessing the type of innovation directed towards external innovators, essential for enhancing innovation capabilities through partnerships or crowdsourcing. "Consideration of Motivation" focuses on the incentives driving external innovators, highlighting the need for organizations to align strategies with these motivations to effectively engage participants. "Consideration of Platform Business Model" identifies 3 distinct business models, necessitating careful evaluation to determine the best fit for organizational objectives. The choice of business model significantly impacts how innovation is sourced, managed, and monetized. A thorough analysis of these considerations is vital for informed decisions regarding market versus community approaches in Open Innovation strategies.
This PPT slide presents a framework categorizing motivations into extrinsic and intrinsic groups, illustrated by a Venn diagram. Extrinsic motivations include money, user need, signaling and career concerns, and skills development, driving individuals towards external rewards. Intrinsic motivations encompass fun, enjoyment, autonomy, and intellectual challenge, focusing on personal satisfaction and alignment with values. The intersection reveals shared motivations like status and reputation, indicating that extrinsic motivations can have intrinsic elements. The horizontal axis distinguishes open markets, favoring extrinsic motivations, from open communities, which lean towards intrinsic motivations. This insight informs strategies for stakeholder engagement in market-driven or community-oriented contexts.
This PPT slide presents a comparative analysis of 3 platform business models: Integrator, Product, and Multi-sided. The Integrator Platform features high control by the platform owner, who manages customer interactions while allowing external innovators to contribute. This model is ideal for organizations prioritizing user experience consistency. The Product Platform offers a balanced approach, facilitating interactions between external innovators and customers while retaining core product control, benefiting companies leveraging external innovation. The Multi-sided Platform grants the highest autonomy to external innovators, enabling direct customer interactions with a passive role for the platform owner, fostering innovation and flexibility. The horizontal axis illustrates the control spectrum, from high control to high autonomy, guiding executives in model selection aligned with strategic objectives.
This PPT slide analyzes 2 approaches to open innovation: competitive markets and collaborative communities. In competitive markets, external innovators focus on substitutable product variations, operating under formal governance structures with contractual relationships. Profit motives drive competitive contributions, and value capture occurs through contracts and licensing agreements. In contrast, collaborative communities feature informal governance, where innovators engage in cooperative relationships, sharing technology and knowledge. Motivations include both extrinsic rewards and intrinsic satisfaction, with value capture relying on increased platform demand from community innovations. Examples include the Nintendo Wii and Apple App Store for competitive markets, and open-source communities like Linux and Ethereum for collaborative innovation. Selecting the appropriate approach is essential for aligning innovation strategies with organizational objectives.
This PPT slide outlines a framework for Open Innovation Management, focusing on the decision to engage external innovators within collaborative communities or competitive markets. Open Innovation is advantageous in contexts where innovation, technology, and design methodologies are evolving, particularly when customer needs are complex and not fully understood. Two approaches to Open Innovation are detailed: knowledge accumulation, which builds on historical learnings through collaboration, and broad experimentation, which addresses innovation challenges requiring diverse input from customer groups and technical perspectives. Effective Open Innovation relies on clearly delineating components of the innovation process for external collaboration, optimizing strategies based on community-based versus market-based approaches.
This PPT slide outlines 3 platform business models: Integrator Platform, Product Platform, and their implications for business operations. The Integrator Platform positions the owner as a mediator between external innovators and customers, exemplified by the Apple App Store, where developers sell through the platform, allowing Apple to moderate transactions and collect commissions. The Product Platform allows external innovators to build on foundational technology, as seen with Google’s Android operating system, where manufacturers customize the platform and sell directly to customers. The choice of model influences operational control, revenue generation, and customer engagement strategies, making careful evaluation essential for successful platform initiatives.
Source: Best Practices in Innovation, Platform Strategy, Open Innovation PowerPoint Slides: Open Innovation Management PowerPoint (PPTX) Presentation Slide Deck, LearnPPT Consulting
This framework is developed by a team of former McKinsey and Big 4 consultants. The presentation follows the headline-body-bumper slide format used by global consulting firms.
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