Summary: Innovation & Entrepreneurship

Read the summary and the most important questions on Innovation & Entrepreneurship

• Lecture 1.1

  This is a preview. There are 3 more flashcards available for chapter 14/04/2015
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• Explain open service innovation

  Open
  - cooperation withothers
  - “together” strong
  
  Services
  - Prevent the commodity trap
  - Producing is gettingcheaperandcheaper

• Why open innovation?

  Open
  - Most nerds workoutside
  - External R&D canaddvalue
  - Participate in R&D
  - Improved business model
  - Share Intellectual Property
  Closed- Most nerds workhere- Ourown R&D is the sources- Selfdiscovered => first on the market- Best ideas = profit- Controle over Intellectual Property

• Product or services innovation?

  Succes rate of product innovation is low! Open services innovation should be better, you work together with your customers.

• Why is traditional innovation hard to complete these days?

  
  
  These days: harder to compete
  - Lowercostregions
  - Increasingflow of knowledge
  -Shortening product life spans
  
  
  Escaping the commodity trap
  
  
  Shift towards services

• What is the concept for open services innovation?

  1. Think of your business as a service business
  2. Co-creation
  3. Open innovation
  4. Transforming business models

• Think of your business as a service business

  - Utilization  of resources
  - Services platform 

• What are the dutch topsectors for the funding programs?

  - High tech
  - Water
  - Life sciences
  - Creative industries
  - Logistic 
  - Agro-food
  - Chemie
  - Tuinbouw
  - Energy

• Lecture 2.1

  This is a preview. There are 5 more flashcards available for chapter 21/04/2015
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• The strategic advantage of tacit information

  
  •Tacit information from the custumers is valuable. It creates a competive advantage.
  
  
  
  Wallmartexample
  •Custumerneeds in case of a hurricanes
  •Former sales
  •[flavored pop-tarts]

• Difference between co-creation and co-design

  Co-design the end user is invited to actively participate in the design process. Basic principle of co-design is not technology but the users desires and needs. Co-creation is one method in which users think of solutions and help consider the conceptualization

• Lecture 3.1

  This is a preview. There are 18 more flashcards available for chapter 23/04/2015
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• What is the want, find, get, manage model?

  Want: What are our resource needs? Which ones should we internally develop. Which should we find externally?
  
  Find: How do we find and evaluate the external sources of technology and capabilities that will fulfill our wants?
  
  Get: What processes will we use to plan structure, and negotiate an agreement to access external resources?
  
  Manage: What tools and metrics will we use to implement and manage ongoing collaborative relationships?