Lego Case Analysis

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Lego and Open Innovation Jennifer Ko, Jenny Quach, David Tamayo Shinichiro Yamamoto

Transcript of Lego Case Analysis

Page 1: Lego Case Analysis

Lego and Open InnovationJennifer Ko, Jenny Quach, David Tamayo

Shinichiro Yamamoto

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• Main Takeaways• Open Innovation• Key Successful Factors• User Innovation

• Lego• Idea Scout and Idea Connector• Open Innovation Examples• Conclusion

Outline

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• Identify customer needs, wants, demand• Enhance product quality and variety • Cultivate community, loyalty, and engagement

Open Innovation

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• Rules and expectation management• Collaboration and dialogue• Win-win situation• Role of company and participants • Organization and company culture

Key Successful Factors

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User InnovationU

ser R

elati

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ip

Time

Mass Marketing

Community Marketing

User Innovation

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Diversification

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Open Innovation

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Lego and InnovationU

ser R

elati

onsh

ip

Time

Mass Marketing

Community Marketing

User Innovation

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Idea Scout and Idea Connector

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Interaction

Optimize the Innovation Process

Ideation Idea Selection

Idea Diffusion

Idea Scouts Idea

Connectors

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Open Innovation

Purpose of Product Role of Participant Type of Reward

Need Professional Extrinsic

InnoCentive

Dell

Lego

Starbucks

Want Fan Intrinsic

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Recap

• Open innovation is important because it– Identifies customer demands– Enhances product offerings– Creates a loyal and engaged customer base

• Open innovation is successful when it– Is clear about its rules and expectations– Collaborates with a variety of communities– Ensures a win-win strategy

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Thank You!

Questions