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.
For $10.00 more, you can download this document plus 2 more FlevyPro documents. That's just $13 each.
ABOUT FLEVYPRO
This document is part of the FlevyPro Library, a curated knowledge base of documents for our FlevyPro subscribers.
FlevyPro is a subscription service for on-demand business frameworks and analysis tools. FlevyPro subscribers receive access to an exclusive library of curated business documents—business framework primers, presentation templates, Lean Six Sigma tools, and more—among other exclusive benefits.
Since 2012, we have provided business templates to over 10,000 businesses and organizations of all sizes, from startups and small businesses to the Fortune 100, in over 130 countries.
"Flevy.com has proven to be an invaluable resource library to our Independent Management Consultancy, supporting and enabling us to better serve our enterprise clients.
The value derived from our [FlevyPro] subscription in terms of the business it has helped to gain far exceeds the investment made, making a subscription a no-brainer for any growing consultancy – or in-house strategy team."
– Dean Carlton, Chief Transformation Officer, Global Village Transformations Pty Ltd.
"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 like your product. I'm frequently designing PowerPoint presentations for my company and your product has given me so many great ideas on the use of charts, layouts, tools, and frameworks. I really think the templates are a valuable asset to the job."
– Roberto Fuentes Martinez, Senior Executive Director at Technology Transformation Advisory
"If you are looking for great resources to save time with your business presentations, Flevy is truly a value-added resource. Flevy has done all the work for you and we will continue to utilize Flevy as a source to extract up-to-date information and data for our virtual and onsite presentations!"
– Debbi Saffo, President at The NiKhar Group
"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)
"One of the great discoveries that I have made for my business is the Flevy library of training materials.
As a Lean Transformation Expert, I am always making presentations to clients on a variety of topics: Training, Transformation, Total Productive Maintenance, Culture, Coaching, Tools, Leadership Behavior, etc. Flevy
It is well worth the money to purchase these presentations. Sure, I have the knowledge and information to make my point. It is another thing to create a presentation that captures what I want to say. Flevy has saved me countless hours of preparation time that is much better spent with implementation that will actually save money for my clients.
"
– Ed Kemmerling, Senior Lean Transformation Expert at PMG
"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
"As a young consulting firm, requests for input from clients vary and it's sometimes impossible to provide expert solutions across a broad spectrum of requirements. That was before I discovered Flevy.com.
Through subscription to this invaluable site of a plethora of topics that are key and crucial to consulting, I
have been able to exceed expectations and deliver quality advice and solutions to my clients. The quality and expertise of the authors are exemplary and gives me great confidence to use as part of my service offerings.
I highly recommend this company for any consultant wanting to apply international best practice standards in their service offerings.
"
– Nishi Singh, Strategist and MD at NSP Consultants
Save with Bundles
This document is available as part of the following discounted bundle(s):
Download our free compilation of 50+ Strategy & Transformation slides and templates. Frameworks include McKinsey 7-S, Balanced Scorecard, Disruptive Innovation, BCG Curve, and many more.
Click main image to view in full screen.
