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

After studying the external and internal environment and the need to integrate external resources, the firm has the knowledge required to select corporate level strategies and organizational form to realize its goals

Profiting from others' use of an organization's IP, and buying others' IP whenever it advances the organization's own business model, is an example of open innovation principles

One difficulty resulting from exploiting external resources is understanding highly complex tasks that require tacit knowledge

A closed innovation system includes all except one of the following

One of the following is not used in SWOT analysis

Muji's approach to co-designing with customers includes the following

Coopetition is the value creating constellation in which market players compete in the development of complementary products

An alliance between companies involves all except one of the following

Muji is an example of integrating external resources through the way in which the company

Modes of integration include all except one of the following

What is the context for firms to integrate internal and external resources?

One of the following countries is often referred to as a BRIC country

Open innovation relies primarily on internal resources

Muji's products bear the message

Discuss the need for organisations need to remain both open and closed, and to select and absorb new knowledge.

External resources are lie outside the boundary of the company and may include all expect one of the following

Lead users are often intrinsically motivated individuals or communities who experiment, invent, improve and adapt existing products

One example of an open innovation principle is

Technological developments, most significantly the rapid movements and diffusion of information technology and the Internet, have raised barriers to integrating external resources

Berlitz used the following internal resource to develop the Berlitz Method of language learning