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.
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Innovation Management Open Innovation Value Proposition Innovation
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