Open Innovation
English Practice

Help with English for International students – reading practice.

Practice reading with these short texts and reading comprehension questions. Read the text and answer the question to confirm your understanding.
Leave comments at the bottom of the page

Open Innovation

innovation model that assumes firms should use external ideas and/or external paths to market in their innovation process. Source: Reverso Dictionary

Open innovation is where an organization doesn’t just rely on their own internal knowledge, sources and resources for innovation.  Source IGI Global

Examples of Open Innovation in sentences:
  • companies have started to look for other ways to increase efficiency using open innovation to share resources.
  • Open innovation in companies is generally driven by research and development.,

Open Innovation - reading exercise

Read the following passage and answer the questions to help your understanding.

Some businesses use their own staff to find new ways to improve their products and services, even protecting what they know from outsiders. This is known as a closed strategy or closed innovation.

Open innovation uses internal and external resources, such as people, technology, and finance. Research and development can happen with the help of outside partners with potential savings in time and money, and greater opportunity to have new ideas or join new markets.

Examples of open innovation are seen in research where scientists share ideas, crowdsourcing where many people are asked to contribute towards a common goal, and ‘connect and develop’, a way of working together with others to develop new ideas, products, and services.

Open Innovation Questions

Please answer the following questions:

A. Does open innovation use internal or external resources?

  1. Internal
  2. External
  3. Both
  4. Neither

B. What type of innovation happens when a company only uses its own staff?

  1. Social innovation
  2. Closed innovation
  3. Open innovation
  4. Staff innovation

C. What of the following would NOT be used in open innovation?

  1. people
  2. money
  3. technology
  4. secrecy

D. What business area is often associated with innovation?

  1. Research and Development
  2. Connect and Development
  3. Research and Connect
  4. Development and Customer Service

E. Which answer(s) describes the benefits of open innovation?

  1. time savings
  2. cost savings
  3. more ideas
  4. all of the above

F. Who share ideas?

  1. researchers
  2. scientists
  3. outsiders
  4. all of the above

G. Describe the model that people work towards a common goal?

  1. Crowd financing
  2. Crowdsourcing
  3. Crowd surfing
  4. All of the above

H. What can ‘connect and develop’ help develop ?

  1. products
  2. Ideas
  3. services
  4. all of the above

Leave a Reply

English

Digital

Courses