innovation management homework

Final Exam requirement

Plan your responses before starting to write. Write clearly and in full sentences. Feel free to use illustrations in your answer where these are appropriate. The answer to each question should be based on materials from this course. A good answer is well organised and outlines the salient points from the class materials.

Answer should be no more than 1000 words in length. You must not exceed the specified word limit. This is a maximum word limit (+10% does not apply). Markers will be instructed that they do not have to mark anything beyond the 1000 words limit.

You will not be penalised for answers that are shorter than the limit; answers will be given credit for being comprehensive, rather than for being a certain length.

Question:

Answer ALL parts:

a. What is the difference between ‘inbound open innovation’ and ‘outbound open innovation’ in Henry Chesbrough’s Open Innovation Business Model?

b. Briefly describe two critical factors associated with successful technological collaboration?