Deck 9: Applied Business Innovation

Question 1

Until the early twenty-first century closed innovation channels were the source of most innovations

Answer 1

True

Question 2

Chesbrough coined the term 'open innovation'

Answer 2

True

Question 3

Open innovation is not a source for SMEs

Answer 3

False

Question 4

Open innovation regards innovation as a managed activity

Question 5

According to Rigby and Zook open innovation has two key advantages

Question 6

Closed innovation provides insight into the unique features of an innovation

Question 7

Closed innovation keeps competitors at bay

Question 8

According to Wikhamn academic research has identified seven trends of open practice since 2006.

Question 9

Organisations can benefit substantially from free Open-source software (OSS)

Question 10

The Internet has boosted the adoption and development of open innovation

Question 11

Scenario planning is a sophisticated open innovation process

Question 12

Boudreau and Lakhani classified crowdsourcing in five categories

Question 13

Social networking is increasing in importance as an open innovation channel

Question 14

Risk assumption is a non-sufficient but a necessary condition to address

Question 15

Open Innovation networks are becoming increasingly important as the cost of R&D and strategic innovation investment becomes more costly

Question 16

Innovation, entrepreneurship and intra-preneurship are complimentary processes that enhance organisational innovative performance