open innovation at siemens case study

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Open Innovation at Siemens

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Karim R. Lakhani

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• Open Innovation at Siemens  By: Karim R. Lakhani and Greta Friar
• Open Innovation at Siemens  By: Karim R. Lakhani, Katja Hutter, Stephanie Healy Pokrywa and Johann Fuller

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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…

• Length: 19 page(s)
• Publication Date: Jun 17, 2013
• Discipline: Operations Management
• Product #: 613100-PDF-ENG

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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.

Learning Objectives

To discuss the rationale for firms to participate in open innovation with internal and external networks. Investigate the impact of a traditional firm going open.

Jun 17, 2013 (Revised: Mar 9, 2015)

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Operations Management

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Business consulting services, Energy and natural resources sector, Healthcare service industry, Machinery and equipment industry

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613100-PDF-ENG

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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.

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2 Open Innovation at Siemens AG

• Published: January 2013
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This chapter examines the open innovation (OI) project of Siemens AG. It describes the company’s range of OI activities and the recruitment of smart people for the project. It discusses the increasing budget devoted to outside innovation by large companies around the world and highlights the need for innovation projects needed to generate money-making products and services. This chapter also explains that OI projects vary over the course of product and service development and that leaders have the very challenging task of defining needed knowledge and bringing knowledge-holders together across complicated organizational structures.

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Open Innovation at Siemens

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Publication Date: June 17, 2013

Industry: Energy and natural resources sector

Industry: Business consulting services

Source: Harvard Business School

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.

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Open Innovation at Siemens

Research output : Other contribution › Education › peer-review

Fields of Science and Technology Classification 2012

• 502 Economics

T1 - Open Innovation at Siemens

AU - Lakhani, Karim R.

AU - Hutter, Katja

AU - Pokrywa, Healy

AU - Füller, Johann

M3 - Other contribution

PB - Harvard Business School Publishing

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Why Did Siemens Create An Open Innovation Initiative

Table of Contents:

Collaborations and Open Innovation . Innovation is what transformed Siemens from a start-up in a Berlin courtyard into a modern global enterprise. But innovation doesn’t happen in closed research laboratories anymore. In a world where disruption and change have become the norm, we rely on the power of collaboration: We work together with partners from academia, customers and suppliers in order to turn exciting ideas into innovations and bring them to market.

The “Siemens Innovation Ecosystem” invites people from all over the world to become part of an open culture of interaction and co-creation and to shape the future together with the power of Siemens. The ecosystem is a global innovation network that brings people together on a digital platform to drive innovation together.

Video advice: Find out how Siemens & Newcastle University are creating value from IoT

Siemens and Newcastle University are working together to create value from the industrial Internet-of-Things (IoT). As part of our MindSphere Innovation Network (MINe), we’re connecting the research projects at universities in the UK and globally with our innovative Internet of Things platform (IoT); MindSphere.

Related Content – This collaborative approach is also part of the Siemens DNA. Interdisciplinary collaboration, various forms of open innovation like co-ideation and co-creation with customers, suppliers, start-ups, universities and individual experts at a very early stage of development and through the entire lifecycle are already common practice – both internally and externally. This results in products, services and solutions customized optimally to the unique needs of the customer, with customer feedback flowing into the ongoing development.

Open Innovation At Siemens Case Solution And Analysis, HBR Case Study Solution & Analysis of Harvard Case Studies

Faced with ever shorter innovation cycles, Siemens has come to understand the importance of creating an environment that supports an “unhindered exchange of information”. In 1999, Siemens established TechnoWeb, an online platform that lets employees post pressing company problems and obtain solutions from other users inside the Siemens network.

• APPROACH TO INNOVATION
• KNOWLEDGE SHARING
• STARTUP STRATEGY
• IDEA COMPETITIONS
• RESEARCH PARTNERSHIPS

Founded in 1847, Siemens is a global technology conglomerate and the largest engineering company in Europe. The company is based in Germany and is a key player in the energy and healthcare industries among others. Siemens largely caters to business and industrial customers, with products ranging from automation systems, turbines and transformers, and train equipment. Siemen’s healthcare business is separately managed and has become a leader in diagnostics and medical imaging.

Siemens Government Technologies

Kodak Reaction to Digital Competition and Market Disruption Why did Siemens create an open innovation initiative? What perceived problems was the initiative trying to solve?…

Kodak Response to Digital Competition and Market DisruptionWhy did Siemens create a wide open innovation initiative? What perceived problems was the initiative attempting to solve? What question or mandate can you imagine originating from senior leadership? Parminder BindraParag DeshpandeSamuel KatzCliff KlettIttai MaromOpen Innovation StrategyExecutive Summary – Open Innovation at SiemensFox School of Business2PMBA – MIS 5402Global giant: 300,000+ employees having a global footprint in a variety of industriesTraditionally an initial-mover, or fast-follower, in the very leastDecentralized structure caused silo-ing and poor mix-company communicationOpen Innovation was a test to uncover new methods to innovateInitial aim of breaking lower internal walls and identifying internal expertsEventually shifted in collaborations with universities and existing web servicesSiemens situation studydemonstrates thatOpenInnovationhasitsprosandconsWhats the opinion about Open Innovation running a business today? Perspectives of senior leadership and also the board may not align whatsoever timesSiemens is one particualr meticulous, risk-averse, step-by-step integration of Open Innovation right into a companys overall strategyBACKGROUNDANALYSISINSIGHTSOpen Innovation may very well be outsourcing problem-solving and idea generation by using crowdsourcing strategies within the flat realm of 21st centuryEnables a company to leverage mix-sector collaboration through corporate labs, and cooperation with universities, research centers, and suppliers and customersWhat is Open Innovation (OI)?

Open Innovation At Siemens Case Solution,Open Innovation At Siemens Case Analysis, Open Innovation At Siemens Case Study Solution, INTRODUCTION Siemens is the German corporation founded in 1847 by Werner Von Siemens and Johann Georg Halske, as a telegraph company.

Open Innovation At Siemens – Open Innovation At Siemens Case SolutionINTRODUCTIONSiemens is the German corporation founded in 1847 by Werner Von Siemens and Johann Georg Halske, as a telegraph company. In the 20th century, Siemens continued to grow through its alliances, mergers, acquisition and market expansion of its essential business. By 2012, Siemens employed 370,000 people in more than 190 countries. Siemens operates around the globe, its activities includes power generation, transmission and distribution, smart grid of solutions and electrical energy. Siemens has a decentralized structure consisting of four main sectors such as, Energy, Healthcare, Industry and infrastructure. As a case states, the essential challenges face by Siemens is the future of the open innovation program. In order to gain success in the open innovation process the innovation management and structure should better understand the process strategy and its key challenges, and drive possible solutions to implement the process in the company.

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a Federally-compliant U.S. organization structured to help address national imperatives in energy, infrastructure, automation and marine platforms.

When continuous, reliable power on or off the grid is non-negotiable, when a possible cyberattack threatens mission-critical systems, or when aging infrastructure is at risk for unplanned downtime, Siemens Government Technologies harnesses the innovation and excellence of Siemens to ensure federal agencies maintain mission readiness at all times, on every front.

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Government agencies are at the forefront of two historic trends: unprecedented innovation and increased complexity. To take advantage of these trends and improve threat preparedness, federal leaders are embracing the digital enterprise. Siemens Government Technologies delivers the power of the Digital Twin and Digital Thread, two innovations at the core of Industry 4. 0 that connect the real and virtual worlds to optimize operations, predict outcomes more accurately, and reduce maintenance costs.

Open Innovation at Siemens (10 Steps) Case Study Analysis & Solution

Custom Open Innovation at Siemens Harvard Business (HBR) Case Study Analysis & Solution for $11. Technology & Operations case study assignment help, analysis, solution,& example.

Company history is supplied within the first 1 / 2 of the situation. This can be used history to attract a rise path and illustrate vision, mission and proper objectives from the organization. Frequently history is supplied within the situation not just to give a background towards the problem but additionally supply the scope from the solution that you could write for that situation study.

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Step 3 – Open Innovation at Siemens Case Study Analysis

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.

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OPEN INNOVATION AT SIEMENS1. Why is Siemens investigating Open Innovation? Why did Siemens create an Open Innovation initiative? Siemens is investigating Open Innovation to mobilize crowds to create new productideas, resolve important technology gaps, and solve “inside the fence” challenges ranging from highly abstract business model innovation challenges to day-to-day technological problem-solving for engineering and scientific staff. Siemens created an Open Innovation initiative because its goal was to overcome the barriers of silo and to leverage the potential of an open network enterprise. In particular, he was interested in exploring how these approaches could be used to harness talent inside and outside of Siemens. 2. What are the approaches to Open Innovation that Siemens had tried? 3. Which programs went well? Why? Some programs went well like:-TehnoWeb 2. 0, a self-defined network that enabled individuals who were involved in technological and business area to sty connected on the latest issues, business topics, technological trend and firm capabilities.

Thoroughly Answer The Following 4 Questions about the ” Open Innovation at Siemens Case “

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Siemens Gamesa puts decarbonization, recyclability and technological education at heart of ambitious new sustainability strategy

Sustainability can only be addressed through long-term solid commitment. Siemens Gamesa strives to operate as an environmentally sustainable and responsible business to better serve all its stakeholders, from investors to customers and communities.

“We are dedicated to embedding sustainability in to the entire lifecycle in our operations and our corporate vision. With this particular plan we continue being a frontrunner, building on the existing sustainability achievements and effectively demonstrating how our clients are working to produce a better future”, Gregorio Acero, Mind of Quality and HSE of Siemens Gamesa.

“At the heart of everything we do is a deep desire to improve our world through the provision of clean energy that will help to decarbonize the energy supply and tackle the threat of climate change. That purpose doesn´t just end with the provision of wind energy, however, and we are determined to take action across all our activities that will have a positive effect on the environment, our company, and society. Pushing the boundaries of sustainability is an important pledge to lead change now but also for the generations to come”, said Andreas Nauen, CEO of Siemens Gamesa.

Video advice: A cocktail for open innovation – Inventors of the Year

Shorter scanning times, improved image quality: With the new parallel imaging method CAIPIRINHA, Mark Griswold, Peter Jakob and their colleagues have taken the technology of magnetic resonance imaging (MRI) a huge step forwards. Siemens Healthineers uses the technique under a license agreement in many MRI scanner models. Both researchers were honored in the Open Innovation category.

Why do companies use open innovation?

Building an Open Innovation network allows you to take ideas or projects generated internally that don't fit with your core business model , and develop them externally. This has the potential to create new revenue streams without compromising your core business.

Is Siemens innovative?

Siemens has been a leader in automation with innovative control technology since 1958 , and today it is actively helping shape the world of digitalization.

What is an open innovation strategy?

Open innovation is “ the use of purposive inflows and outflows of knowledge to accelerate internal innovation, and expand the markets for external use of innovation, respectively .” Open innovation can be understood as the antithesis of the traditional vertical integration approach where internal R&D activities lead to ...

What other benefits does it bring on open innovation?

Connecting internal organization resources with external ones to innovate produces many important benefits, including better products and services , lower research costs, better risk spread, and faster time-to-market.

What was invented by Siemens?

SpeakerElectromoteThird railWerner von Siemens/Inventions.

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Open Innovation At Siemens Harvard Case Solution & Analysis

Home >> Business Case Studies >> Open Innovation At Siemens

INTRODUCTION

Siemens is the German corporation founded in 1847 by Werner Von Siemens and Johann Georg Halske, as a telegraph company. In the 20 th century, Siemens continued to grow through its alliances, mergers, acquisition and market expansion of its essential business. By 2012, Siemens employed 370,000 people in more than 190 countries. Siemens operates around the globe, its activities includes power generation, transmission and distribution, smart grid of solutions and electrical energy. Siemens has a decentralized structure consisting of four main sectors such as, Energy, Healthcare, Industry and infrastructure.

As a case states, the essential challenges face by Siemens is the future of the open innovation program.In order to gain success in the open innovation process the innovation management and structure should better understand the process strategy and its key challenges, and drive possible solutions to implement the process in the company. Moreover, Siemens should analyze the importance of resources, abilities and capabilities the Siemens should possess and its contribution towards competitive advantage and market expansion of the company.

Furthermore, Siemens helps to inspire the entrepreneurial strategy and provide opportunity among the employees, but decentralization is the challenges faced by the company. As a result, there is a lack of coordination and communication between the company units . The company operates in 289 major production and manufacturing companies , the company has its office, warehouses, research and development in all over the world.

CASE ANALYSIS

According to the case, the essential problem and challenges face by Siemens is to introduce the Open Innovation Program in the company. The company with open innovation strategy failed to create purely an open culture and system of acquiring knowledge externally. The company should develop two approaches in order to solve the problems of the company such as Techno Web 2.0 and ODRAM LED emotionalize your light Contest.

Open Innovation At Siemens Case Solution

TECHNO WEB 2.0:

According to the case, Lackner realize that there were no effective tools for identifying technology experts. He went forward in order to create a sophisticated internal social site, which allows Siemens to identify the experts. This network is known as Techno Web 2.0. This network upgraded and make easy to communicate and explore innovative ideas. In other works, Social platform for Siemens worldwide to bring experts in a fast process and assistance for urgent problems. Fully function of social sites allows the user to create a complete profile page which includes photos, personal information and full public disclosure of participation and activities.This technology also enables the user to involve in the technological and business areas in order to get the latest update of the current issues, business topics, technological rends and updates , and firm capabilities.

OSRAM LED emotionalize your light Contest:

The Lacker’s team and OSRAM partnered with HYVE, to introduce the OSRAMLED emotionalize light contest. The purpose of this approach is to generate ideas and design a contest that would be open for everyone to create a new innovative idea and creative consumer oriented LED light solutions. Furthermore, to engage people around the world to participate in the creating innovative ideas.

The contest consists of two phases such as, generating ideas of different people and improving those ideas to come up with innovative ideas and offer prices to those improved ideas. OSRAMLED is more effective, efficient, longer lived software with controlled technology that offered infinite color variety. There are numerous advantages of the LEDs on the basis of low energy consumption, high economic benefits and longtime and greater service intervals. It also provides maximum reliability in a complex working conditions.

POSSIBLE SOLUTION

TechnoWeb 2.0 is the best possible solution that Siemens should implement in order to gain competitive advantages. Lacker creates Technoweb 2.0, a social internal network that helps to identify experts within the company. This network helps makes easy to communicate and explore innovative ideas within the company. Emphasis is placed on exploring an actual open innovation initiative within Siemens and their outcomes.Communication and knowledge enhance productivity and creativity among the employees.

Another key importance of the TecnoWeb 2.0 was the urgent request function, quickly responding to the problems occurs in the company. Users appreciate this network and reported that this process save time by finding answers of hidden knowledge, cost saving ideas and access to suppliers and technologies through TechnoWeb. The basic purpose of the Siemens effort is to develop and commercialize new R&D through open innovation. The technical community of the Siemens consider TechnoWeb as an effective and solved real problems by creating sustainable and dynamic knowledge network. Technoweb 2.0 easily works and everyone may initiate and join a network. There are other features of Techno Web such as, connect people via activity streams and make emergent communities visible and facilitate their work..................

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Open Innovation At Siemens Case Solution & Answer

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Capabilities

The head of CT’s Open Innovation Initiative; Dr. Thomas Lackner with his own team, explored the open innovation practices, he was a person with relevant experience and he had also provided help to reduce the technology gaps and solve organizational challenges which the company hadfaced previously, either from the business model innovation or theday to day technology problems thatarose from the sideof engineering and scientific staff.

Dr. Norbert Luetke-Entrup is the person who was responsible for these innovative programs. He was interested to understand the impact that has arisen on Siemens’ innovative capacity from the open innovations. Luetke-Entrup also had realized that research and development (R&D) is the only path to success and will lead to further commercially innovative products and further, he provided the inputs to the individuals that took part in the development of the open innovation options being considered. The capability of the organization in providing for the best solution is not under considerance as the organization is one of the greatest organizations in the world, with big networks and vast financial resources to find the best solution, the current budget for the innovative option being provided is at 3 Million Euros.

Metrics for Assessment of the Options

Luetke-Entrup should go forward with the open innovation options because this innovation will help to make more profits and company’s reputation in the technology world.

The following metrics would be useful in the assessment of the options which would be suitable for the organization, the metrics being considered are Return on Investment, Organizational Capability and Effectiveness and Leadership metrics.

Return on Investment Matrices:

The return on investment has addressed two major measures that are investments in the resources and the return on the financials. Return on investment metrics helps to give the innovation to the management with fiscal discipline. It also helps to recognize and justify the values which are used for the initiative strategies and programs. Even that it helps to recognize the overall investment invested in the open innovation. The ROI to be considered are mentioned in the definition section of the options considered for the evaluation.

Organizational capability Metrics:

The organizational capability metrics have focused on the infrastructure of open innovation as well as focused on the process which is involved in the open innovation program. Organizational Capability also helps to measure focus on the initiative geared towards the repeatedbuild-up of approaches for sustainability that help the invention and itsreinvention.

When they focus more on the organizational capability then it helps to increase the percentages of external sourcing of ideas and the technology as a way to derive the connection and to develop the strategy for the open innovation.

Leadership Metrics:

Leadership Metrics help to measure the behaviours of senior management which are involved in the decision making authorities such as leaders, they must exhibit to support the organizational culture which is used for the innovation techniques. They have to support the specific growth initiative which helps innovation in term of financial growth.(Metrics of the open innovation, 2017)……………

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Berkeley Haas Case Series

The Berkeley Haas Case Series is a collection of business case studies created by UC Berkeley faculty

Siemens Healthineers: A Digital Journey

Learning objectives.

Pub Date: April 1, 2024

Discipline: Organizational Behavior

Keywords: Digital transformation, Health care, Leadership, Change management, Corporate culture, Innovation, Strategic planning, Cross-functional cooperation, New product development

Product #: B6054-PDF-ENG

Industry: Pharmaceuticals, Health care services

Geography: Germany, United States

Length: 14 page(s)

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A new collection of business case studies from Berkeley Haas

The aim of the Berkeley Haas Case Series is to incite business innovation by clarifying disruptive trends and questioning the status quo.

Open Innovation At Siemens Case Study Solution Analysis

by HBR Twenty Four

Open Innovation At Siemens Case Study Solution & Analysis. Get Open Innovation At Siemens Case Study Analysis & Solution. Contact us directly at buycasesolutions(at)gmail(dot)com if you want to order for Open Innovation At Siemens Case Solution, Case... More

Open Innovation At Siemens Case Study Solution & Analysis. Get Open Innovation At Siemens Case Study Analysis & Solution. Contact us directly at buycasesolutions(at)gmail(dot)com if you want to order for Open Innovation At Siemens Case Solution, Case Analysis, Case Study Solution. Karim R. Lakhani, Katja Hutter, Stephanie Healy Pokrywa, Johann Fuller Less

Email us for Any Case Solution at: [email protected] Open Innovation at Siemens Case Study Solution & Analysis Open Innovation at Siemens Case Study Solution & Analysis. Our tutors are available 24/7 to assist in your academic stuff, Our Professional writers are ready to serve you in services you need. Every Case Study Solution & Analysis is prepared from scratch, top quality, plagiarism free. Authors: Karim R. Lakhani, Katja Hutter, Stephanie Healy Pokrywa, Johann Fuller Get Case Study Solution and Analysis of Open Innovation at Siemens in a FAIR PRICE!! Steps for Case Study Solution & Analysis: 1. Introduction of Open Innovation at Siemens Case Solution The Open Innovation at Siemens case study is a Harvard Business Review case study, which presents a simulated practical experience to the reader allowing them to learn about real life problems in the business world. The Open Innovation at Siemens case consisted of a central issue to the organization, which had to be identified, analysed and creative solutions had to be drawn to tackle the issue. This paper presents the solved Open Innovation at Siemens case analysis and case solution. The method through which the analysis is done is mentioned, followed by the relevant tools used in finding the solution. The case solution first identifies the central issue to the Open Innovation at Siemens case study, and the relevant stakeholders affected by this issue. This is known as the problem identification stage. After this, the relevant tools and models are used, which help in the case study analysis and case study solution. The tools used in identifying the solution consist of the SWOT Analysis, Porter Five Forces Analysis, PESTEL Analysis, VRIO analysis, Value Chain Analysis, BCG Matrix analysis, Ansoff Matrix analysis, and the Marketing Mix analysis. The solution consists of recommended strategies to overcome this central issue. It is a good idea to also propose alternative case study solutions, because if the main solution is not found feasible, then the alternative solutions could be implemented. Lastly, a good case study solution also includes an implementation plan for the recommendation strategies. This shows how through a step-by-step procedure as to how the central issue can be resolved. Email us for Any Case Solution at: [email protected] Note: This article is just a sample and not an actual case solution. If you want original case solution, please place your order on the Email.

Email us for Any Case Solution at: [email protected] 2. Problem Identification of Open Innovation at Siemens Case Solution Harvard Business Review cases involve a central problem that is being faced by the organization and these problems affect a number of stakeholders. In the problem identification stage, the problem faced by Open Innovation at Siemens is identified through reading of the case. This could be mentioned at the start of the reading, the middle or the end. At times in a case analysis, the problem may be clearly evident in the reading of the HBR case. At other times, finding the issue is the job of the person analysing the case. It is also important to understand what stakeholders are affected by the problem and how. The goals of the stakeholders and are the organization are also identified to ensure that the case study analysis are consistent with these. 3. Analysis of the Open Innovation at Siemens HBR Case Study The objective of the case should be focused on. This is doing the Open Innovation at Siemens Case Solution. This analysis can be proceeded in a step-by-step procedure to ensure that effective solutions are found. In the first step, a growth path of the company can be formulated that lays down its vision, mission and strategic aims. These can usually be developed using the company history is provided in the case. Company history is helpful in a Business Case study as it helps one understand what the scope of the solutions will be for the case study. The next step is of understanding the company; its people, their priorities and the overall culture. This can be done by using company history. It can also be done by looking at anecdotal instances of managers or employees that are usually included in an HBR case study description to give the reader a real feel of the situation. Lastly, a timeline of the issues and events in the case needs to be made. Arranging events in a timeline allows one to predict the next few events that are likely to take place. It also helps one in developing the case study solutions. The timeline also helps in understanding the continuous challenges that are being faced by the organisation. 4. SWOT analysis of Open Innovation at Siemens An important tool that helps in addressing the central issue of the case and coming up with Open Innovation at Siemens HBR case solution is the SWOT analysis. The SWOT analysis is a strategic management tool that lists down in the form of a matrix, an organisation's internal strengths and weaknesses, and external opportunities and threats. It helps in the strategic analysis of Open Innovation at Siemens Email us for Any Case Solution at: [email protected] Note: This article is just a sample and not an actual case solution. If you want original case solution, please place your order on the Email.

Email us for Any Case Solution at: [email protected] Once this listing has been done, a clearer picture can be developed in regards to how strategies will be formed to address the main problem. For example, strengths will be used as an advantage in solving the issue. Therefore, the SWOT analysis is a helpful tool in coming up with the Open Innovation at Siemens Case Study answers. One does not need to remain restricted to using the traditional SWOT analysis, but the advanced TOWS matrix or weighted average SWOT analysis can also be used. 5. Porter Five Forces Analysis for Open Innovation at Siemens Another helpful tool in finding the case solutions is of Porter's Five Forces analysis. This is also a strategic tool that is used to analyse the competitive environment of the industry in which Open Innovation at Siemens operates in. Analysis of the industry is important as businesses do not work in isolation in real life, but are affected by the business environment of the industry that they operate in. Harvard Business case studies represent real-life situations, and therefore, an analysis of the industry's competitive environment needs to be carried out to come up with more holistic case study solutions. In Porter's Five Forces analysis, the industry is analysed along 5 dimensions. • These are the threats that the industry faces due to new entrants. • It includes the threat of substitute products. • It includes the bargaining power of buyers in the industry. • It includes the bargaining power of suppliers in an industry. • Lastly, the overall rivalry or competition within the industry is analysed This tool helps one understand the relative powers of the major players in the industry and its overall competitive dynamics. Actionable and practical solutions can then be developed by keeping these factors into perspective. 6. PESTEL Analysis of Open Innovation at Siemens Another helpful tool that should be used in finding the case study solutions is the PESTEL analysis. This also looks at the external business environment of the organisation helps in finding case study Analysis to real-life business issues as in HBR cases. • The PESTEL analysis particularly looks at the macro environmental factors that affect the industry. These are the political, environmental, social, technological, environmental and legal (regulatory) factors affecting the industry. • Factors within each of these 6 should be listed down, and analysis should be made as to how these affect the organisation under question. 7. VRIO Analysis of Open Innovation at Siemens Email us for Any Case Solution at: [email protected] Note: This article is just a sample and not an actual case solution. If you want original case solution, please place your order on the Email.

Email us for Any Case Solution at: [email protected] This is an analysis carried out to know about the internal strengths and capabilities of Open Innovation at Siemens . Under the VRIO analysis, the following steps are carried out: • The internal resources of Open Innovation at Siemens are listed down. • Each of these resources are assessed in terms of the value it brings to the organization. • Each resource is assessed in terms of how rare it is. A rare resource is one that is not commonly used by competitors. • Each resource is assessed whether it could be imitated by competition easily or not. • Lastly, each resource is assessed in terms of whether the organization can use it to an advantage or not. • The analysis done on the 4 dimensions; Value, Rareness, Imitability, and Organization. If a resource is high on all of these 4, then it brings long-term competitive advantage. If a resource is high on Value, Rareness, and Imitability, then it brings an unused competitive advantage. If a resource is high on Value and Rareness, then it only brings temporary competitive advantage. If a resource is only valuable, then it’s a competitive parity. If it’s none, then it can be regarded as a competitive disadvantage. 8. Value Chain Analysis of Open Innovation at Siemens The Value chain analysis of Open Innovation at Siemens helps in identifying the activities of an organization, and how these add value in terms of cost reduction and differentiation. This tool is used in the case study analysis as follows: • The firm’s primary and support activities are listed down. • Identifying the importance of these activities in the cost of the product and the differentiation they produce. • Lastly, differentiation or cost reduction strategies are to be used for each of these activities to increase the overall value provided by these activities. Recognizing value creating activities and enhancing the value that they create allow Open Innovation at Siemens to increase its competitive advantage. 9. BCG Matrix of Open Innovation at Siemens The BCG Matrix is an important tool in deciding whether an organization should invest or divest in its strategic business units. The matrix involves placing the strategic business units of a business in one of four categories; question marks, stars, dogs and cash cows. The placement in these categories depends on the relative market share of the organization and the market growth of these strategic business units. The steps to be followed in this analysis is as follows: • Identify the relative market share of each strategic business unit. Email us for Any Case Solution at: [email protected] Note: This article is just a sample and not an actual case solution. If you want original case solution, please place your order on the Email.

Email us for Any Case Solution at: [email protected] • Identify the market growth of each strategic business unit. • Place these strategic business units in one of four categories. Question Marks are those strategic business units with high market share and low market growth rate. Stars are those strategic business units with high market share and high market growth rate. Cash Cows are those strategic business units with high market share and low market growth rate. Dogs are those strategic business units with low market share and low growth rate. • Relevant strategies should be implemented for each strategic business unit depending on its position in the matrix. The strategies identified from the Open Innovation at Siemens BCG matrix and included in the case pdf. These are either to further develop the product, penetrate the market, develop the market, diversification, investing or divesting. 10. Ansoff Matrix of Open Innovation at Siemens Ansoff Matrix is an important strategic tool to come up with future strategies for Open Innovation at Siemens in the case solution. It helps decide whether an organization should pursue future expansion in new markets and products or should it focus on existing markets and products. • The organization can penetrate into existing markets with its existing products. This is known as market penetration strategy. • The organization can develop new products for the existing market. This is known as product development strategy. • The organization can enter new markets with its existing products. This is known as market development strategy. • The organization can enter into new markets with new products. This is known as a diversification strategy. The choice of strategy depends on the analysis of the previous tools used and the level of risk the organization is willing to take. 11. Marketing Mix of Open Innovation at Siemens Open Innovation at Siemens needs to bring out certain responses from the market that it targets. To do so, it will need to use the marketing mix, which serves as a tool in helping bring out responses from the market. The 4 elements of the marketing mix are Product, Price, Place and Promotions. The following steps are required to carry out a marketing mix analysis and include this in the case study analysis. • Analyse the company’s products and devise strategies to improve the product offering of the company. • Analyse the company’s price points and devise strategies that could be based on competition, value or cost. • Analyse the company’s promotion mix. This includes the advertisement, public relations, personal selling, sales promotion, and direct marketing. Strategies will be devised which makes use of a few or all of these elements. Email us for Any Case Solution at: [email protected] Note: This article is just a sample and not an actual case solution. If you want original case solution, please place your order on the Email.

Email us for Any Case Solution at: [email protected] • Analyse the company’s distribution and reach. Strategies can be devised to improve the availability of the company’s products. 12. Open Innovation at Siemens Strategy The strategies devised and included in the Open Innovation at Siemens case memo should have a strategy. A strategy is a strategy that involves firms seeking uncontested market spaces, which makes the competition of the company irrelevant. It involves coming up with new and unique products or ideas through innovation. This gives the organization a competitive advantage over other firms, unlike a red ocean strategy. 13. Competitors analysis of Open Innovation at Siemens The PESTEL analysis discussed previously looked at the macro environmental factors affecting business, but not the microenvironmental factors. One of the microenvironmental factors are competitors, which are addressed by a competitor analysis. The Competitors analysis of Open Innovation at Siemens looks at the direct and indirect competitors within the industry that it operates in. • This involves a detailed analysis of their actions and how these would affect the future strategies of Open Innovation at Siemens . • It involves looking at the current market share of the company and its competitors. • It should compare the marketing mix elements of competitors, their supply chain, human resources, financial strength etc. • It also should look at the potential opportunities and threats that these competitors pose on the company. 14. Organisation of the Analysis into Open Innovation at Siemens Case Study Solution Once various tools have been used to analyse the case, the findings of this analysis need to be incorporated into practical and actionable solutions. These solutions will also be the Open Innovation at Siemens case answers. These are usually in the form of strategies that the organisation can adopt. The following step-by-step procedure can be used to organise the Harvard Business case solution and recommendations: • The first step of the solution is to come up with a corporate level strategy for the organisation. This part consists of solutions that address issues faced by the organisation on a strategic level. This could include suggestions, changes or recommendations to the company's vision, mission and its strategic objectives. It can include recommendations on how the organisation can work towards achieving these strategic objectives. Furthermore, it needs to be explained how the stated recommendations will help in solving the main Email us for Any Case Solution at: [email protected] Note: This article is just a sample and not an actual case solution. If you want original case solution, please place your order on the Email.

Email us for Any Case Solution at: [email protected] issue mentioned in the case and where the company will stand in the future as a result of these. • The second step of the solution is to come up with a business level strategy. The HBR case studies may present issues faced by a part of the organisation. For example, the issues may be stated for marketing and the role of a marketing manager needs to be assumed. So, recommendations and suggestions need to address the strategy of the marketing department in this case. Therefore, the strategic objectives of this business unit (Marketing) will be laid down in the solutions and recommendations will be made as to how to achieve these objectives. Similar would be the case for any other business unit or department such as human resources, finance, IT etc. The important thing to note here is that the business level strategy needs to be aligned with the overall corporate strategy of the organisation. For example, if one suggests the organisation to focus on differentiation for competitive advantage as a corporate level strategy, then it can't be recommended for the Open Innovation at Siemens Case Study Solution that the business unit should focus on costs. • The third step is not compulsory but depends from case to case. In some HBR case studies, one may be required to analyse an issue at a department. This issue may be analysed for a manager or employee as well. In these cases, recommendations need to be made for these people. The solution may state that objectives that these people need to achieve and how these objectives would be achieved. The case study analysis and solution, and Open Innovation at Siemens case answers should be written down in the Open Innovation at Siemens case memo, clearly identifying which part shows what. The Open Innovation at Siemens case should be in a professional format, presenting points clearly that are well understood by the reader. 15. Alternate solution to the Open Innovation at Siemens HBR case study It is important to have more than one solution to the case study. This is the alternate solution that would be implemented if the original proposed solution is found infeasible or impossible due to a change in circumstances. The alternate solution for Open Innovation at Siemens is presented in the same way as the original solution, where it consists of a corporate level strategy, business level strategy and other recommendations. 16. Implementation of Open Innovation at Siemens Case Solution Email us for Any Case Solution at: [email protected] Note: This article is just a sample and not an actual case solution. If you want original case solution, please place your order on the Email.

Email us for Any Case Solution at: [email protected] The case study does not end at just providing recommendations to the issues at hand. One is also required to provide how these recommendations would be implemented. This is shown through a proper implementation framework. A detailed implementation framework helps in distinguishing between an average and an above average case study answer. A good implementation framework shows the proposed plan and how the organisations' resources would be used to achieve the objectives. It also lays down the changes needed to be made as well as the assumptions in the process. • A proper implementation framework shows that one has clearly understood the case study and the main issue within it. • It shows that one has been clarified with the HBR fundamentals on the topic. • It shows that the details provided in the case have been properly analysed. • It shows that one has developed an ability to prioritise recommendations and how these could be successfully implemented. • The implementation framework also helps by removing out any recommendations that are not practical or actionable as these could not be implemented. Therefore, the implementation framework ensures that the solution to the Open Innovation at Siemens Harvard case is complete and properly answered. 17. Recommendations and Action Plan for Open Innovation at Siemens case analysis For Open Innovation at Siemens, based on the SWOT Analysis, Porter Five Forces Analysis, PESTEL Analysis, VRIO analysis, Value Chain Analysis, BCG Matrix analysis, Ansoff Matrix analysis, and the Marketing Mix analysis, the recommendations and action plan are as follows: • Open Innovation at Siemens should focus on making use of its strengths identified from the VRIO analysis to make the most of the opportunities identified from the PESTEL. • Open Innovation at Siemens should enhance the value creating activities within its value chain. • Open Innovation at Siemens should invest in its stars and cash cows, while getting rid of the dogs identified from the BCG Matrix analysis. • To achieve its overall corporate and business level objectives, it should make use of the marketing mix tools to obtain desired results from its target market. Email us for Any Case Solution at: [email protected] Note: This article is just a sample and not an actual case solution. If you want original case solution, please place your order on the Email.

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