This post checks out how companies can take advantage of opening the brand-new product development process by incorporating the concepts of open innovation with the Stage-Gate process. It analyzes the prospective chances of utilizing the concepts of both outgoing and incoming open innovation within brand-new product development at a company in the upstream oil & gas market. A practitioner-oriented work model, called the open Stage-Gate model, can make use of the benefits of "openness."
Open Innovation and the Stage-Gate Process A Revised Model for New Product Development Case Study Solution
This model enables specific factor to consider of import and export of knowledge and innovation through gate assessments as well as makes it possible for companies to continually examine their core abilities and company model. The application of this model can aid companies in recording value from both external and internal innovation exploitation in progressively open innovation procedures.
PUBLICATION DATE: May 01, 2010 PRODUCT #: CMR460-PDF-ENG
This is just an excerpt. This case is about INNOVATION & ENTREPRENEURSHIP
Related Case Solutions & Analyses:
Van Bolton: Resolving a Labor-Management Dispute
enterpriseAsia.com: Investing in High-technology Businesses in Asia Pacific
Establishing an ECL Culture in China: Organizational Difference or National Difference
Interep National Radio Sales Inc.
Acquiring Intellect: Managing the Integration of Knowledge-Intensive Acquisitions
PSS World Medical: The Challenges of Growth and the Financial Markets
First Bank of Nigeria
Enabling Big Data: The Capabilities That Matter Most
Normative Foundations of Business
Regulatory Reform at OSHA (A)
