Open Innovation & Crowdsourcing Flashcards

Which of the following best describes 'innovation intermediaries' in open innovation ecosystems?

Answer: Organizations that broker connections between problem owners and external solvers

Innovation intermediaries, such as NineSigma or Yet2.com, act as bridges connecting firms with external expertise, solvers, or technology providers.

What is the 'Not Invented Here' (NIH) syndrome in the context of open innovation?

Answer: An organizational bias against using externally developed solutions

NIH syndrome is a cultural resistance within organizations that causes them to undervalue or reject ideas and technologies that did not originate internally.

In a crowdfunding model used for innovation, what does 'rewards-based crowdfunding' offer backers?

Answer: A product, service, or experience in return for their contribution

Rewards-based crowdfunding, as used by Kickstarter and Indiegogo, offers backers tangible rewards like early product access or exclusive perks in exchange for their financial support.

Which metric is most useful for evaluating the quality of a crowdsourcing challenge design?

Answer: Ratio of actionable submissions to total submissions

The ratio of actionable to total submissions indicates how well the challenge was scoped and communicated, as a poorly designed brief generates many off-target responses.

A pharmaceutical company shares its compound library with academic researchers to accelerate drug discovery. This practice best exemplifies:

Answer: Coupled open innovation through pre-competitive collaboration

Pre-competitive collaboration in pharma, such as the Structural Genomics Consortium model, shares resources before the competitive stage to expand the innovation commons.

What does 'open source innovation' have in common with Chesbrough's open innovation model?

Answer: Both rely on distributed external contributors to co-create value

Both open source and Chesbrough's open innovation leverage distributed external contributions, though open source is community-driven while open innovation is firm-directed.

Which type of open innovation challenge is best suited when the problem requires deep domain expertise rather than broad creative input?

Answer: Expert sourcing challenge

Expert sourcing challenges target a specific pool of domain specialists to solve technically complex problems, unlike broad idea challenges that seek creative diversity.