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Title: :  INNOVATION AND STRATEGY IN MANAGEMENT
PaperId: :  1423
Published in:   International Journal Of Advance Research And Innovative Ideas In Education
Publisher:   IJARIIE
e-ISSN:   2395-4396
Volume/Issue:    Volume 1 Issue 5 2015
DUI:    16.0415/IJARIIE-1423
Licence: :   IJARIIE is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Author NameAuthor Institute
DR.J.THIRUMARANRATHINAM COLLEGE OF ARTS AND SCIENCE
D.PRASHANTHRATHINAM COLLEGE OF ARTS AND SCIENCE

Abstract

Management
Management, Innovation, Strategy, PPP, Business, Processes
The article discusses a process of business innovation known as open innovation and its relation to traditional business strategy. The competitive strategy developed by Michael Porter emphasized rivalry, buyer power, and barriers to entry as forces that could enhance a producer's surplus. The authors discuss the impact of the Porterian value chain, the processes of production through to the consumer, on subsequent business practices. However, this theory does not account for external sources of value to a company, such as innovation communities, volunteer contributors and surrounding networks, including social networking web sites, open source software and the Wiki model of open contributions. The concept of openness requires shifting from ownership to value creation and value capture.

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IJARIIE DR.J.THIRUMARAN, and D.PRASHANTH. "INNOVATION AND STRATEGY IN MANAGEMENT" International Journal Of Advance Research And Innovative Ideas In Education Volume 1 Issue 5 2015 Page 199-203
MLA DR.J.THIRUMARAN, and D.PRASHANTH. "INNOVATION AND STRATEGY IN MANAGEMENT." International Journal Of Advance Research And Innovative Ideas In Education 1.5(2015) : 199-203.
APA DR.J.THIRUMARAN, & D.PRASHANTH. (2015). INNOVATION AND STRATEGY IN MANAGEMENT. International Journal Of Advance Research And Innovative Ideas In Education, 1(5), 199-203.
Chicago DR.J.THIRUMARAN, and D.PRASHANTH. "INNOVATION AND STRATEGY IN MANAGEMENT." International Journal Of Advance Research And Innovative Ideas In Education 1, no. 5 (2015) : 199-203.
Oxford DR.J.THIRUMARAN, and D.PRASHANTH. 'INNOVATION AND STRATEGY IN MANAGEMENT', International Journal Of Advance Research And Innovative Ideas In Education, vol. 1, no. 5, 2015, p. 199-203. Available from IJARIIE, http://ijariie.com/AdminUploadPdf/INNOVATION_AND_STRATEGY_IN_MANAGEMENT_ijariie1423.pdf (Accessed : 12 February 2016).
Harvard DR.J.THIRUMARAN, and D.PRASHANTH. (2015) 'INNOVATION AND STRATEGY IN MANAGEMENT', International Journal Of Advance Research And Innovative Ideas In Education, 1(5), pp. 199-203IJARIIE [Online]. Available at: http://ijariie.com/AdminUploadPdf/INNOVATION_AND_STRATEGY_IN_MANAGEMENT_ijariie1423.pdf (Accessed : 12 February 2016)
IEEE DR.J.THIRUMARAN, and D.PRASHANTH, "INNOVATION AND STRATEGY IN MANAGEMENT," International Journal Of Advance Research And Innovative Ideas In Education, vol. 1, no. 5, pp. 199-203, Nov-Dec 2015. [Online]. Available: http://ijariie.com/AdminUploadPdf/INNOVATION_AND_STRATEGY_IN_MANAGEMENT_ijariie1423.pdf [Accessed : 12 February 2016].
Turabian DR.J.THIRUMARAN, and D.PRASHANTH. "INNOVATION AND STRATEGY IN MANAGEMENT." International Journal Of Advance Research And Innovative Ideas In Education [Online]. volume 1 number 5 (12 February 2016).
Vancouver DR.J.THIRUMARAN, and D.PRASHANTH. INNOVATION AND STRATEGY IN MANAGEMENT. International Journal Of Advance Research And Innovative Ideas In Education [Internet]. 2015 [Cited : 12 February 2016]; 1(5) : 199-203. Available from: http://ijariie.com/AdminUploadPdf/INNOVATION_AND_STRATEGY_IN_MANAGEMENT_ijariie1423.pdf
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