_____ Refers to Working with External Partner Firms to Develop

question 6

Multiple Choice

_____ refers to working with external partner firms to develop or obtain required technology or know-how and thereby speed up product innovation.

• A) Inbound closed innovation
• B) Inbound open innovation
• C) Outbound closed innovation
• D) Outbound open innovation

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Definitions:

Broadcasting

The transmission of audio and video content to a dispersed audience via any electronic mass communications medium, but traditionally through the electromagnetic spectrum in a one-to-many model.

Groups

Collections of individuals who interact with one another, share similar characteristics, and collectively have a sense of unity.

Individuals

Persons considered separately from a group or collectively in terms of personal or unique characteristics.

Pooled Decision Making

A process in which multiple individuals contribute to the making of a decision, combining their knowledge, skills, and perspectives.