Open Innovation and Organization DesignOrganization Design:

Open Innovation and Organization DesignOrganization Design: Structure, Culture, and Control, Chapter 11, Text“Fiat Mio: The Project That Embraced Open Innovation, Crowdsourcing and Creative Commons in the Automotive Industry,” International Journal of Case Studies in Management, Vol. 13, Issue 1, March 2015 Class preparation questionsWhat are the general pros and cons associated with open innovation strategies?What are the main differences between the InnoCentive (https://www.innocentive.com/) and Fiat Mio crowdsourcing projects? Explain why and how these two organizations have developed different methods and processes for pursuing open innovation strategies. What did both Fiat and Internet users gain from being involved in the Fiat Mio crowdsourcing project? Provide specific outcomes and examples. Since the Fiat Mio was merely a prototype vehicle that would never be produced or marketed, what was the real source of innovation for Fiat in this case? Explain.Corporate Governance and Business EthicsCorporate Governance and Business Ethics, Chapter 12, Text“The Wells Fargo Banking Scandal,” University of Virginia Darden School Case UV7267Class preparation questionsExplain the difference between “bad apple” and “bad barrel” explanations of unethical business behavior. What can companies do to create “better barrels?”Who are Wells Fargo’s primary stakeholders? How well was it serving its stakeholders’ interests? Provide concrete examples to support your arguments.What factors might have contributed to the questionable sales tactics taken by Wells Fargo’s employees?What should new CEO Timothy Sloan do to prevent similar actions in the future?