The authors of our text, *Corporate Innovation: Disruptive Thinking in Organizations*, Chapter 4, discuss Closed Innovation and Open Innovation.

1. The authors describe closed innovation as internally focused. What is the purpose of a closed approach to innovation? Discuss and explain.
**IMPORTANT:** Your answer should be at least two succinct, logical paragraphs.

2. According to the authors, the open innovation model encourages firms to exploit creative ideas through three different modes. Identify, describe, and explain each of these modes.
**IMPORTANT:** Your answer should be at least two succinct, logical paragraphs.

3. Background: Design thinking is described by Thomas Lockwood in *Design Thinking: Integrating Innovation, Customer Experience, and Brand Value* (2010, Alworth Press) as "a tool to imagine future states," a problem-solving methodology for innovation and enablement. In our text, *Corporate Innovation: Disruptive Thinking in Organizations*, Chapter 5, under the topic heading "Iteration: The Secret Sauce," pp. 134-142, the key practice that brings forth a great design is described as the practice of iteration. Discuss and describe the Three-Step Iteration process and how the process may apply to YOUR team's innovation concept generation process that may include brainstorming, imagining future states, etc., to generate an optimized innovation concept.
**IMPORTANT:** This quiz is about YOUR assimilation and YOUR understanding of the Three-Step Iteration process and YOUR discussion and description of its implementation. Your answer should be a minimum of 2-3 paragraphs. A paragraph should consist of at least 3-4 sentences.