Critical thinking

Focused Discussion

1. Using at least one clear, brief example, discuss Open Innovation and describe its major attributes.

2. Compare the advantages and disadvantages of Open Innovation to other approaches of innovation or developing new products.

3. Explain how discovering something (Discovery as Innovation) such as a fungus that might become a new innovative medical product such as an antibiotic differs from the invention of new mechanical technologies and new products.

4. Explain how the processes of Discovery and Invention might relate to the use of the Open Innovation approach to new product development.

5. What are your thoughts for the progress and enhancement of Innovation and the Management of Technology thought/theory in the future? Provide at least one example that suggests what else needs to be investigated and why.