Answer THREE questions
In each answer, use appropriate examples or cases to illustrate
or give evidence for your reasoning
- Early models of innovation featured the demand pull and cost push approaches
to understanding innovation. Explain why these models did not capture the
complexity of the innovation process. - Carefully explain how the closed innovation model differs from open innovation?
What are the challenges of following open innovation strategies for small and
medium sized firms (SMEs) - Using an example (or examples) of your choice, explain how incumbents use IP
to protect their competitive advantage - Standards sometimes lead to bitter rivalries as firms attempt to secure leading
market positions. Using recent examples, discuss how firms compete to
establish their standard as the dominant one - How useful is Christensen’s theory of disruptive innovation to understanding
competition and innovation in contemporary markets? Could competition and
innovation be better explained by Schumpeter’s theory of creative destruction?
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