Radical innovation and Open innovation: Creating new growth opportunities for business. Illumination with a case study in the LED industry

Radical innovation and Open innovation

Executive Summary

Acknowledgement

Table of Contents

List of Abbreviations

List of Figures

List of Tables

1 Introduction

1.1 Problem definition

1.2 Objective

1.3 Methodology

2 Basics of innovation management

2.1 Types of innovations

2.1.1 Classification of innovation types

2.1.2 Examples of the most important innovation types

2.2 Radical innovation versus incremental innovation

2.2.1 General differences

2.2.2 Technical and market dimensions of innovations

2.2.3 Uncertainties and management of radical innovations

2.2.4 Disruptive innovations

2.3 Open innovation versus closed innovation

2.3.1 Shift in innovation paradigms

2.3.2 Open and closed innovation – the main differences

2.3.3 The core open innovation processes

2.3.4 Managing open innovation

2.4 Analysis of innovation models for the lighting industry

3 Radical and open innovations for LED

3.1 LED as a radical innovation in the lighting industry

3.2 LED market breakthroughs

3.2.1 LED market history

3.2.2 LED future market trend

3.2.3 Competitive landscape

3.3 Open innovation for LED breakthroughs

3.3.1 Future trend in LED development

3.3.2 Managing open innovation for LED

3.4 Managing future growth in LED business

4 Conclusion

5 Integrated Total Management Aspects

6 Bibliography