Case Study Analysis and Solutions

Case ID: 613100

Abstract:
Case Solution & Analysis for Open Innovation at Siemens by Karim R. Lakhani, Katja Hutter, Stephanie Healy Pokrywa, Johann Fuller
The case describes Siemens, a worldwide innovator in the Energy, Healthcare, Industry, and Infrastructure & Cities sectors, and its efforts to develop and commercialize new R&D through open innovation, including internal and external crowdsourcing contests. Emphasis is placed on exploring actual open innovation initiatives within Siemens and their outcomes. These include creating internal social- and knowledge-sharing networks and utilzing third party platforms to host internal and external contests. Industries discussed include energy, green technology, infrastructure and cities, and sustainability. In addition, the importance of fostering a collaborative online environment and protecting intellectual property is explored.

Keywords:
Asset allocation, Collaborative innovation, Community development, Cross functional management, Crowdsourcing, Energy, Green business, Health, Information management, Information technology, Innovation, Innovation focused strategy, Knowledge management, Management, Managing creativity & innovation, Manufacturing, R&D, Strategy, Technology, Open Innovation at Siemens Case Solution

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