CPI Open Innovation & Crowdsourcing 4

Question 1

Which of the following best describes 'innovation intermediaries' in open innovation ecosystems?

Accepted Answer

Organizations that broker connections between problem owners and external solvers

Answer

Innovation intermediaries, such as NineSigma or Yet2.com, act as bridges connecting firms with external expertise, solvers, or technology providers.

Question 2

What is the 'Not Invented Here' (NIH) syndrome in the context of open innovation?

Accepted Answer

An organizational bias against using externally developed solutions

Answer

NIH syndrome is a cultural resistance within organizations that causes them to undervalue or reject ideas and technologies that did not originate internally.

Question 3

In a crowdfunding model used for innovation, what does 'rewards-based crowdfunding' offer backers?

Accepted Answer

A product, service, or experience in return for their contribution

Answer

Rewards-based crowdfunding, as used by Kickstarter and Indiegogo, offers backers tangible rewards like early product access or exclusive perks in exchange for their financial support.

Question 4

Which metric is most useful for evaluating the quality of a crowdsourcing challenge design?

Accepted Answer

Ratio of actionable submissions to total submissions

Answer

The ratio of actionable to total submissions indicates how well the challenge was scoped and communicated, as a poorly designed brief generates many off-target responses.

Question 5

A pharmaceutical company shares its compound library with academic researchers to accelerate drug discovery. This practice best exemplifies:

Accepted Answer

Coupled open innovation through pre-competitive collaboration

Answer

Pre-competitive collaboration in pharma, such as the Structural Genomics Consortium model, shares resources before the competitive stage to expand the innovation commons.

(CPI) Certified Professional Innovator Practice Test

(CPI) Certified Professional Innovator Practice Test

CPI Open Innovation & Crowdsourcing 4