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Open Innovation and Crowdsourcing fully solved & updated (100- accuracy).
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Open Innovation and Crowdsourcing fully solved & updated (100- accuracy).
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Open Innovation andCrowdsourcing fully solved &
updated 2025-2026(100%
accuracy)
What is Open Innovation? - answer Partnering with others to share
knowledge, risk, reward
What are the rationales for Open Innovation? - answer Gain access to
knowledge/skills, complementary assets, develop markets
What is Closed Innovation? - answer Innovation mostly within a single
company, assumes all risk and reward
What is Crowdsourcing? - answer Firm outsources a task to the public via
an open call
How does Crowdsourcing differ from traditional outsourcing? - answer
Firm does not handle task internally, does not outsource to a designated
supplier
What is the historical background of Crowdsourcing? - answer Grand
Challenge Era, Open-Source Era
What are some examples of historical Crowdsourcing? - answer Longitude
Prize, Napoleon's food preservation challenge, Orteig Prize, Xprize
What are some examples of Open-source projects? - answer GitHub,
Google Open Source, Allu Project
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