Open Innovation Open Innovation is a paradigm that

Transcript:Open Innovation Open Innovation is a paradigm that:
Open Innovation Open Innovation is a paradigm that assumes that firms can and should use external ideas as well as internal ideas, and internal and external paths to market, as the firms look to advance their technology. New Market Research or Idea Current Market Company Boundaries Company Boundaries Balanced Scorecard The balanced scorecard is a strategy performance management tool – a semi-standard structured report, that can be used by managers to keep track of the execution of activities by the staff within their control and to monitor the consequences arising from these actions. Mission, Vision and Strategy Finances Objective Value Variable Initiative Processes Objective Value Variable Initiative Potential Objective Value Variable Initiative Customers Objective Value Variable Initiative Scenario Technique The “scenario technique” is used for strategic planning and future research planning in order to determine future scenarios. After the idea generation process in this technique follows the scenario analysis, which provides an analysis of the different development opportunities within a scenario. Create Options Insights Insights Focused Scenario Plan Possibilities Six Boxes The six-box model is a generic framework developed by the American analyst Marvin Weisbord to assess the functioning of organizations. The six-boxes that make up the model are: Purposes, structure, relationships, rewards, leadership, and helpful mechanisms. Tools, materials, technology, equipment, improved lighting, adequate project budgets, suppliers, etc. Logical reporting relationships, management support, quality inputs, logical steps to follow, realistic policies, meaningful mission statement, etc. Feedback on your performances, clear standards, customer feedback, reliable data, reference materials, etc. Training, job aids, coaching, mentoring, OJT, continuing education, etc. Recognition, performance based pay, bonuses, benefits, job security, prestige of position, chances for advancement, etc. Better healthcare system, more physical exercises, more relaxation time, stress management, better dietary habits, etc. Core Competence Model The Core Competence Model focuses on a combination of specific, collaborative, integrated and applied knowledge, skills and attitude. The strategic objectives should not focus on fighting off the competition, but on creating a new competitive space. Internationalization Strategy The Lem, Van Tulder, and Geleynse Model helps companies plan tasks and activities associated with international expansion or conquering new markets. Primary Motivations Degree of Coordination Degree of Coordination Secondary Motivations Strategy Map A strategy map supports the company in implementing its strategy. This model is based on the work of Robert S. Kaplan and David P. Norton and is an offshoot of the balanced scorecard. Finances Customers Process Development / Knowledge