Open Innovation & Crowdsourcing Flashcards
7 cards from real CPI practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Open Innovation & Crowdsourcing flashcards as text
In crowdsourcing, what distinguishes a 'tournament model' from a 'collaborative model'?
Answer: Tournament models involve competition among solvers for a prize; collaborative models involve collective co-creation
In a tournament model, solvers compete independently for a prize, while in a collaborative model, participants jointly build on each other's contributions.
Which framework by Henry Chesbrough is foundational to open innovation theory?
Answer: The Open Innovation Paradigm
Henry Chesbrough introduced the Open Innovation Paradigm in his 2003 book, arguing that firms should use external ideas alongside internal R&D to advance technology.
What is 'user innovation' in the context of open innovation?
Answer: When end-users develop or modify products to meet their own needs, often sharing results freely
User innovation, associated with Eric von Hippel, occurs when lead users develop innovations for their own benefit and often freely reveal them, benefiting the broader community.
A technology company creates an API and invites third-party developers to build applications on its platform. This is an example of:
Answer: Platform-based open innovation
Platform-based open innovation leverages an ecosystem of external developers who extend the platform's value, as seen with Apple's App Store or Salesforce's AppExchange.
Which of the following is a challenge specific to managing intellectual property in open innovation partnerships?
Answer: Difficulty in defining co-ownership and licensing terms upfront
Open innovation partnerships frequently face legal complexity around who owns jointly developed IP and how licensing rights are allocated between collaborating parties.
In the context of crowdsourcing, 'microtasking' refers to:
Answer: Assigning small, discrete subtasks to a large number of contributors
Microtasking breaks a large project into tiny, self-contained tasks distributed across many workers, as exemplified by Amazon Mechanical Turk.
An open innovation strategy that focuses on accessing external startups for emerging technologies rather than developing them in-house is called:
Answer: Technology scouting
Technology scouting involves systematically searching external environments—startups, universities, labs—to identify and access technologies relevant to the firm's strategic needs.