Key Considerations for Open Innovation Strategy PPT

This PPT slide, part of the 26-slide Open Innovation Management PowerPoint presentation, outlines 3 critical considerations for selecting the appropriate approach to Open Innovation, emphasizing the need to evaluate Innovation, Motivations, and Business Model.

The first section, "Consideration of Innovation," highlights the importance of determining the type of innovation that will be directed towards external innovators. This suggests a strategic assessment of how innovation can be leveraged externally, which is vital for organizations looking to enhance their innovation capabilities through external partnerships or crowdsourcing.

Next, "Consideration of Motivation" focuses on understanding the incentives that drive external innovators. This is crucial for attracting participants to the innovation platform. It implies that organizations must not only recognize what motivates these innovators, but also align their strategies to effectively engage and retain them. This could involve creating value propositions that resonate with potential contributors.

The final section, "Consideration of Platform Business Model," indicates that there are 3 distinct types of business models to consider. This suggests a need for careful evaluation to identify which model best fits the organization's objectives and operational framework. The choice of business model can significantly impact how innovation is sourced, managed, and monetized.

The concluding statement reinforces the idea that a thorough analysis of these considerations is essential for making informed decisions regarding market versus community approaches. This slide serves as a guide for executives contemplating how to structure their Open Innovation strategies effectively. Each consideration is interconnected, and neglecting any could lead to suboptimal outcomes in innovation initiatives.

This slide is part of the Open Innovation Management PowerPoint presentation.

Download the Full Presentation

EXPLORE MORE SLIDES FROM THIS PRESENTATION

EXPLORE MORE PRESENTATIONS ON

Innovation Management Open Innovation Value Proposition Innovation

Are you familiar with Flevy? We are you shortcut to immediate value.

Flevy provides business best practices—the same as those produced by top-tier consulting firms and used by Fortune 100 companies. Our best practice business frameworks, financial models, and templates are of the same caliber as those produced by top-tier management consulting firms, like McKinsey, BCG, Bain, Deloitte, and Accenture. Most were developed by seasoned executives and consultants with 20+ years of experience.

Trusted by over 10,000+ Client Organizations

Since 2012, we have provided best practices to over 10,000 businesses and organizations of all sizes, from startups and small businesses to the Fortune 100, in over 130 countries.

Flevy is the world's largest knowledge base of best practices.

Leverage the Experience of Experts.

Find documents of the same caliber as those used by top-tier consulting firms, like McKinsey, BCG, Bain, Deloitte, Accenture.

Download Immediately and Use.

Our PowerPoint presentations, Excel workbooks, and Word documents are completely customizable, including rebrandable.

Save Time, Effort, and Money.

Save yourself and your employees countless hours. Use that time to work on more value-added and fulfilling activities.

Read Customer Testimonials

"I have used FlevyPro for several business applications. It is a great complement to working with expensive consultants. The quality and effectiveness of the tools are of the highest standards."

– Moritz Bernhoerster, Global Sourcing Director at Fortune 500

"FlevyPro provides business frameworks from many of the global giants in management consulting that allow you to provide best in class solutions for your clients."

– David Harris, Managing Director at Futures Strategy

"I have used Flevy services for a number of years and have never, ever been disappointed. As a matter of fact, David and his team continue, time after time, to impress me with their willingness to assist and in the real sense of the word. I have concluded in fact

... [read more]

– Roberto Pelliccia, Senior Executive in International Hospitality

"As a consultant requiring up to date and professional material that will be of value and use to my clients, I find Flevy a very reliable resource.

The variety and quality of material available through Flevy offers a very useful and commanding source for information. Using Flevy saves me time, enhances my expertise and ends up being a good decision."

– Dennis Gershowitz, Principal at DG Associates

"The wide selection of frameworks is very useful to me as an independent consultant. In fact, it rivals what I had at my disposal at Big 4 Consulting firms in terms of efficacy and organization."

– Julia T., Consulting Firm Owner (Former Manager at Deloitte and Capgemini)

"Flevy is our 'go to' resource for management material, at an affordable cost. The Flevy library is comprehensive and the content deep, and typically provides a great foundation for us to further develop and tailor our own service offer."

– Chris McCann, Founder at Resilient.World

"As an Independent Management Consultant, I find Flevy to add great value as a source of best practices, templates and information on new trends. Flevy has matured and the quality and quantity of the library is excellent. Lastly the price charged is reasonable, creating a win-win value for

... [read more]

– Jim Schoen, Principal at FRC Group

"Last Sunday morning, I was diligently working on an important presentation for a client and found myself in need of additional content and suitable templates for various types of graphics. Flevy.com proved to be a treasure trove for both content and design at a reasonable price, considering the time I

... [read more]

– M. E., Chief Commercial Officer, International Logistics Service Provider