Funded by the Creative Tampere Program, Demola is a Finnish open innovation platform for the creators of next generation products

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Essential of Management info_at_casestudyhelp.in9
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• Essential of Management
• CASE STUDY (20 Marks)
• Funded by the Creative Tampere Program,
  Demola is a Finnish open innovation platform for
  the creators of next generation products and
  services. Demola provides students and companies
  with a collaborative and multidisciplinary
  innovation environment where students from three
  regional universities create demonstrations of
  novel service and product concepts coming from
  companies. Offered by higher education institutes
  in Tampere and Hermia Ltd, Demola gives
  multidisciplinary student teams the opportunity
  to develop demo products and services based on
  company concepts. Companies ranging from local
  SMEs to international large-scale enterprises as
  well as public organizations collaborate with the
  teams.

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• Demola is an important case study because
  it reflects successful open innovation between
  companies and students within a dedicated
  (neutral) innovation environment and manages
  innovation ownership rights successfully Tampere,
  a city in Southern Finland, is an international
  growth centre for versatile services, know-how,
  and creativity. It is recognized that successful
  business activities and the growth in well-being
  brought to the area as a result of these
  activities can be enhanced significantly through
  investment in culture and in structures enabling
  innovation. The Creative Tampere Programme
  accepts this challenge by creating products,
  successful business, and new services based on
  content development, and by increasing the
  co-operation between creative sectors and
  business life. Demola directly responds to the
  issues raised in the Aho report of 2006 and the
  Finnish Innovation Strategy of 2008 through its
  focus on open innovation in a global environment.

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• The objective of Demola is to boost
  multidisciplinary agile innovation culture and
  encourage entrepreneurship in the Tampere region.
  The development of Demola in late 2008 coincided
  with the publication of a new innovation strategy
  for Finland to improve its competitive position
  in RD markets given increased competition from
  emerging countries including China and India.
  Finlands National Innovation Strategy (2008)
  identified that around the world, leading edge
  companies are involving consumers in product
  development. Enterprises are even processing
  previously unrecognized needs together with
  users, thus influencing the emergence of a
  completely new kind of market. Various forms of
  open and public innovation activity are gaining
  ground alongside traditional closed innovation
  activity.

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• Answer the following question.
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• Q1. What are the objectives to boost
  multidisciplinary agile innovation culture and
  encourage entrepreneurship in the Tampere region?
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• Q2. What actions are to be taken for development?
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• Q3. How the stack holders of Demola project have
  been benefited? Explain.
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• Q4. Why the collaborative and multidisciplinary
  innovation environment is necessary for
  development?

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