Open Innovation Management (PowerPoint PPTX)

DESCRIPTION

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.

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Source: Best Practices in Innovation, Platform Strategy, Open Innovation PowerPoint Slides: Open Innovation Management PowerPoint (PPTX) Presentation, LearnPPT Consulting