Open Innovation Model on Infiana

Running head: OPEN INNOVATION MODEL ON INFIANA
OPEN INNOVATION MODEL ON INFIANA
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OPEN INNOVATION MODEL ON INFIANA
Infiana Germany GMBH & CO. KG manufactures fabricated and polished films for
companies and retail applications for consumers. The company encompasses customers
including architectural purposes, products for personal care, health care, and other miscellaneous
composites (Sebald et al. 2019). Infiana is looking for new opportunities for innovative products
and believes the wonderful innovation can be possible from utmost amalgamated partnerships.
Newly emerging model is used for the implementation of innovation in business world
known as the concept of open innovation, in both theoretical and practical aspects (Mauser and
Huhtamaki Films Germany GmbH and Co KG 2015). With the help of this model, the company
has moved from the concept of closed innovation processes and is more inclined towards an
open channel of innovation (Chesbrough 2017). Based on this model, there are few steps
suggested which are capable to be functionally strong for the company in a practical point of
view.
1) To obtain innovation externally
The company has to have a practical exposure of its wide range of products rather than
only its customers. It can approach to all the internet sources to strength the networking of
innovation so as to have the relative ideas for new features and innovations (Saebi and Foss
2015). Networking through the external stakeholders can be the best possible way to reach the
ultimate aim of innovation. Innovation is something that can only be brought when the team has
a strong collaboration with various external teams. The support from those teams are an
important factor towards obtaining innovation from external sources. Online communities,
crowdsourcing are some of the ways to start innovating products (Saebi and Foss 2015). Very
important to mention about the limitation of obtaining innovation externally is that, looking out
for too many practical ways to binge on innovation can be a hasty way out because the company