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Engineer Open Innovation-Based Business Model Developing Circle

In: Business Model Design Compass

Author

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  • JinHyo Joseph Yun

    (Tenured Researcher of DGIST and Professor of Open Innovation Academy of SOItmC)

Abstract

This chapter explores cases which exemplify the development process and methods of engineer open innovation (OI)-based business models (BMs). To provide an introduction to engineer open innovation business models, three cases, i.e., that of Elon Musk with Tesla Motors and SpaceX, that of Larry Page and Sergey Brin with Google, and that of Steve Jobs and Steve Wozniak with Apple, are presented. In addition, a detailed explanation of each of the five steps in the engineer business model circle is provided with key factors and templates.

Suggested Citation

  • JinHyo Joseph Yun, 2017. "Engineer Open Innovation-Based Business Model Developing Circle," Management for Professionals, in: Business Model Design Compass, chapter 13, pages 199-216, Springer.
    • Handle: RePEc:spr:mgmchp:978-981-10-4128-0_13
    DOI: 10.1007/978-981-10-4128-0_13
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    Cited by:

    1. Mahendra Singh & Jiao Jiao & Marian Klobasa & Rainer Frietsch, 2022. "Servitization of Energy Sector: Emerging Service Business Models and Startup’s Participation," Energies, MDPI, vol. 15(7), pages 1-20, April.

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