Exam 4: Integrating Internal and External Resources Open Innovation, Absorptive Capacity and Integration

Alessi's current approach to developing products can be described in the following way

Manga has emerged as a main source of profits in the Japanese publishing industry since the 1970s because of

Open or inclusive innovation helps us understand how organisations today seek to gain competitive advantage

Consumer ethnography is an approach that seeks to understand consumers and their behavior by employing

The mutually beneficial combination of external and internal resources is referred to as resource integration

The four principles of Alessi's 'formula for success' include all except one of the following

Internationalisation promises higher returns because it allows firms to broaden the pool of resources that can exploit

The East-West Seed Company may currently be described in all except one of the following ways

The example of the East-West Seed Company suggests the while analyzing the developments in their current context, managers need to scan the periphery and pay attention to possible alternatives or better resources elsewhere

Not invented here syndrome refers to

Uncertainty, complexity and inter-organizational dynamics are three conditions that characterize managerial decisions concerning external resources, capabilities and core competencies

The Toyota Production System relies heavily on the creativity and alertness of all employees and the ingenuity of suppliers and sales partners to generate ideas

Dynamic integration can be described in the following way

Competences can turn into core rigidities when

Core rigidities indicate that a firm is too reliant on its internal resources

Describe the differences between open innovation and closed innovation

Not invented here refers to the protection of internal ideas from competitors

Examples such as Toyota's seized leadership in the automobile industry show that openness relates only to technology and R&D

The patents that pharmaceutical firms own are an example of external resources

The absorptive capacity of the company to internalize or utilize external resources has a limited effect on the company's performance