The Boundary That Separates the Organization from Its External Environment

question 27

True/False

The boundary that separates the organization from its external environment is always clear and precise.

---

Definitions:

Open Innovation

A business management model that encourages companies to acquire external ideas and internal inventions to accelerate innovation and market adoption.

In-house R&D

Research and Development activities carried out within an organization, as opposed to outsourcing or external collaborations.

Closed Innovation

An innovation approach where all research and development processes are conducted internally within a firm, with little or no input from external sources.

Broadcasting

The distribution of audio or visual content to a dispersed audience via any electronic mass communications medium, traditionally encompassing television, radio, and the internet.