Post your response to the following in this Discussion and respond to at least 2 of your colleagues by the end of the module week.

• Please go to page 313 in your textbook (chapter 6):
• Review Chesbrough's Principles of Open Innovation.
• Pick three out of his six principles of open innovation.
• Analyze and evaluate the selected statements.
• Provide at least one example supporting the selected statements.

Box 6.3 Chesbrough's Principles of Open Innovation can be Summarized as: Not all the smart people work for you External ideas can help create value, but it takes internal Rod) to claim a portion of that value for you It is better to build a better business model than to get to market rst If you make the best use of internal and external ideas, you will win Not only should you prot from others' use of your intellectual property, you should also buy others' IP whenever it advances your own business model You should expand RSCD's role to include not only knowledge generation, but knowledge broker- ing as well Source: Based on H. Chesbrough {2003) Open Innovation. Harvard Business School Press, Boston. Mass