Globe Source Inc.is a consumer electronics company that follows an open innovation model.Which of the following can be concluded about this firm?
A) The firm will suffer from the not-invented-here syndrome.
B) The firm is less likely to commercialize researches from other firms.
C) The firm will buy others' intellectual property whenever it advances its own business model.
D) The firm will equate R&D with a high likelihood of benefitting from first-mover advantages.

Question

Quizplus · Accepted Answer

Globe Source Inc. will buy others' intellectual property whenever it advances its own business model. Companies using an open innovation approach realize that great ideas can come from both inside and outside the company. Significant value can be had by commercializing external R&D and letting others commercialize internal R&D that does not fit with the company's strategy.