Open Innovation Approaches At Different Stages Of The Innovation Process Suitability For New Product Development Processes
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Open Innovation Approaches At Different Stages Of The Innovation Process Suitability For New Product Development Processes
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Author : Claudia Specht
language : en
Publisher: GRIN Verlag
Release Date : 2020-04-23
Open Innovation Approaches At Different Stages Of The Innovation Process Suitability For New Product Development Processes written by Claudia Specht and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-04-23 with Business & Economics categories.
Master's Thesis from the year 2019 in the subject Review of Business Studies, grade: 1,3, RWTH Aachen University, language: English, abstract: The objective of this thesis is to offer a combined research-based approach for improving new product development processes by means of exchanging proficiencies with externals. More accurately, a critical assessment of the suitability of selected open innovation methodologies at different stages of the innovation process enhances the research focus of this thesis. In the wake of globalization and digitization trends, entire industrial dynamics have transformed. Particularly product innovation management has significantly matured over the past decades and therefore, gained special attention. Manufacturers are nowadays able to serve regional as well as international markets, while taking advantage of distributed resources and expertise. On the downside, firms are steadily confronted by two predominant challenges: First, lead times for launching new products are dramatically decreasing due to shortened product life cycles. Hence, development projects need to be well-structured and more time-efficient. Secondly, sophisticated knowledge and expertise evolve more rapidly. Consequently, industrials become more specialized in subfields, which forces manufacturers to engage with others to carry out development projects. In order to stay competitive in international and fast changing markets, organizations are required to innovate on a regular basis. Though, innovation development has become increasingly challenging and frustrating. New products are supposed to generate higher sales, while revenue margins are decreasing at the same time. Even successful corporations cannot keep up with regularly launching highly performing innovations. Therefore, many manufacturers rather focus on incremental product improvements instead of developing radical innovations. Particularly as a company grows, the obstacles of launching successful new products become even more difficult to overcome. Simultaneously balancing the needs of new and existing customers as well as discovering new business lines, while pursuing extant business models portray omnipresent struggles of leading firms.
Open Innovation
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Author : Abbie Griffin
language : en
Publisher: John Wiley & Sons
Release Date : 2014-10-13
Open Innovation written by Abbie Griffin and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-10-13 with Business & Economics categories.
A clear, practical guide to implementing Open Innovation for new product development Open Innovation: New Product Development Essentials from the PDMA is a comprehensive guide to the theory and practice of the Open Innovation method. Written by experts from the Product Development and Management Association, the book packages a collection of Open Innovation tools in a digestible and actionable format. Real-world case studies drawn from the authors' own successes and failures illustrate the concepts presented, providing accurate representation of the opportunities and challenges of Open Innovation implementation. Key tools are presented with a focus on immediate applications for business, allowing NPD professionals to easily discern where this cutting edge development method can push innovation forward. Open Innovation assumes that companies can and should use both internal and external ideas and paths to market, permeating the boundaries between firm and environment. Innovations transfer outward and inward through purchase, licensing, joint ventures, and spin-offs, allowing companies to expand beyond their own research and dramatically improve productivity through collaboration. PDMA Essentials provides practical guidance on exploiting the Open Innovation model to these ends, with clear guidance on all aspects of the new product development process. Topics include: Product platforming and idea competitions Customer immersion and interaction Collaborative product design and development Innovation networks, rewards, and incentives Many practitioners charged with innovation have only a vague understanding of the specific tools available for Open Innovation, and how they might be applied. As the marketplace shifts dramatically to keep pace with changing consumer behaviors, remaining relevant increasingly means ramping up innovation processes. PDMA Essentials provides the tools NPD practitioners need to implement a leading innovation method, and drive continued growth.
Innovating In Product Process Development
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Author : Mikel Sorli
language : en
Publisher: Springer Science & Business Media
Release Date : 2009-07-01
Innovating In Product Process Development written by Mikel Sorli and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-07-01 with Technology & Engineering categories.
Innovating in Product/Process Development demonstrates how to achieve true innovation in product development, and how to launch a new product in the quickest and cheapest way. The new approach to product development proposed in this book is based on the most recent research in the field. It suggests the integration of several tools that are currently only used independently, with the aim of stimulating the creation of innovative ideas in general, and specifically in the areas of product/process improvements and problem solving. Innovating in Product/Process Development explores different aspects of innovation processes in twenty-first century industry from a global economic perspective. It presents in detail several approaches to support these processes, from ICT-based systems to collaborative working environments, all of which will be of interest to MBA or advanced students; researchers; and design teams charged with the creation of new product lines.
Open Innovation
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Author : Arthur B. Markman
language : en
Publisher: Oxford University Press
Release Date : 2016-05-13
Open Innovation written by Arthur B. Markman and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-05-13 with Psychology categories.
The traditional structures of business and the workplace have changed drastically in recent years. In response, companies have continuously worked to improve their ability to generate new ideas and bring them to market by removing the common constraints on the processes of innovation. This movement of open innovation in the workforce necessitates improvements in the arenas of idea generation, evaluation, funding, and the presentation of these ideas to the marketplace in new and exciting ways. Edited by Arthur B. Markman, Open Innovation: Academic and Practical Perspectives on the Journey from Idea to Market brings together the latest scholarship on these elements with tried-and-true stories of successful applications in real-world settings. Authors explore a variety of new methods for improving idea development and processes, making this book an invaluable resource for readers as they learn how to create a supportive ecosystem for their employees and co-workers.
Open Innovation
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Author : Anne-Laure Mention
language : en
Publisher: World Scientific
Release Date : 2016
Open Innovation written by Anne-Laure Mention and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with Diffusion of innovations categories.
"Open Innovation: A Multifaceted Perspective unveils research on open innovation from multidisciplinary perspectives and with practical insights from leaders and policy-makers. The first section addresses the links between open innovation and various disciplines, methods, concepts and policy instruments. The second section reviews selectively the literature, focusing essentially on open service innovation and innovation in financial services industries. It also explores different forms and types of practices reflecting the adoption and implementation of open innovation. The third section focuses on the management of open innovation, paying specific attention to the individual, intra- and inter-organizational levels."--Provided by publisher.
Generating Breakthrough New Product Ideas
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Author : Robert G. Cooper
language : en
Publisher: Product Development Institute
Release Date : 2009-04
Generating Breakthrough New Product Ideas written by Robert G. Cooper and has been published by Product Development Institute this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-04 with Business & Economics categories.
Companies are experiencing a shortage of game-changing ideas that drive growth. This is a 'how to' book about generating a steady stream of breakthrough new product ideas. Experts, Dr. Cooper and Dr. Edgett, provide an unbiased evaluation of the top 15+ ideation methods used by leading companies. This book explains how to 'feed' your innovation funnel with a steady stream of breakthrough new product ideas. Through numerous examples of the methods, approaches and techniques being used by leading companies such as Motorola and Procter and Gamble, the authors confirm the importance of a robust Discovery Stage and illustrate how to implement such a system. For more information, visit: www.stage-gate.com
New Product Development
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Author : Sameer Kumar
language : en
Publisher: Springer Science & Business Media
Release Date : 2005-01-27
New Product Development written by Sameer Kumar and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-01-27 with Business & Economics categories.
This is an authored book based upon a survey of a large number of companies, on the role of organization learning and innovation strategy in successful new product development. The audience for these insights is any practitioner working with corporations in new product development, as well as advanced undergrad and graduate students taking courses in new product development of management science in schools of business and engineering.
Radical Innovation And Open Innovation Creating New Growth Opportunities For Business
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Author : Khanh Pham-Gia
language : en
Publisher: diplom.de
Release Date : 2010-07-26
Radical Innovation And Open Innovation Creating New Growth Opportunities For Business written by Khanh Pham-Gia and has been published by diplom.de this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-07-26 with Business & Economics categories.
Inhaltsangabe:Introduction: Henry Chesbrough the Harvard professor and a worldwide expert for Open Innovation has stated that 'most innovations fail. And companies that don t innovate die.' In Germany only less than 0.5 % ideas pursued by industrial companies have led to a success. The question being addressed is how can companies drive innovations effectively and efficiently to create new growth opportunities, particularly in this difficult time due to the global economic crisis. These challenges could be captured by driving radical innovations using open innovation methodology. Radical innovations can create new markets and huge growth potential for the business and they can be developed faster and cheaper via an open innovation approach. The aim of this Master Thesis is to provide a deep insight into radical innovation and open innovation management based on a thorough literature review. Thereby basic concepts of both innovation models are explored and compared with other innovation types, e.g. incremental and closed innovations. Moreover, the CHRISTENSEN s model of disruptive innovation and CHESBROUGH s theory about open innovation are explained in detail. In addition, opportunities and challenges as well as managing a concept of radical and open innovations are analyzed and illuminated with concrete examples and cases, amongst others the eco-friendly Light Emitting Diode (LED). Beside technology and market breakthroughs, other aspects like future trends, key success factors and strategies for capturing sustainable growth of disruptive LED technologies in the lighting industry are studied. It could be stated that companies should drive intensively open innovation and boost the outside-in and inside-out processes for creating new breakthroughs in LED technologies. The increase of involving customers, suppliers and the outside scientific world into internal R&D, strengthened collaboration within the LED supply chain and intensified out-licensing of own technologies help companies to accelerate the innovation process and create new markets. Besides driving forceful innovation management, companies should boost their new product development by exploitation of government supports which have been increased strongly due to the current global climate change problems. Inhaltsverzeichnis:Table of Contents: Acknowledgement3 Declaration in lieu of oath4 Executive Summary5 Table of Contents6 List of Abbreviations8 List of Figures10 List of [...]
Open Innovation Research Management And Practice
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Author : Joe Tidd
language : en
Publisher: World Scientific
Release Date : 2013-10-24
Open Innovation Research Management And Practice written by Joe Tidd and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-10-24 with Business & Economics categories.
The concept of open innovation has become increasingly popular in the management and policy literature on technology and innovation. However, despite the large volume of empirical work, many of the prescriptions being proposed are fairly general and not specific to particular contexts and contingencies. The proponents of open innovation are universally positive but research suggests that the specific mechanisms and outcomes of open innovation models are very sensitive to context and contingency. This is not surprising because the open or closed nature of innovation is historically contingent and does not entail a simple shift from closed to open as often suggested in the literature. Research has shown that patterns of innovation differ fundamentally by sector, firm and strategy. Therefore, there is a need to examine the mechanisms that help to generate successful open innovation. In this book, the authors contribute to a shift in the debate from potentially misleading general prescriptions, and provide conceptual and empirical insights into the precise mechanisms and potential limitations of open innovation research and management practice.
The Effect Of Open Innovation On New Product Development Success
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Author : Sanjay Ram Sisodiya
language : en
Publisher:
Release Date : 2008
The Effect Of Open Innovation On New Product Development Success written by Sanjay Ram Sisodiya and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with Diffusion of innovations categories.
