Define and discuss the four types of innovation. How might these innovations relate to the industry Life Cycle?

Define and discuss the four types of innovation.  How might these innovations relate to the industry Life Cycle?
Chapter 7 - Question 3:  As a manager of a company relying on innovation for sustaining a competitive advantage, would you prefer an open innovation organization or a closed innovation organization?  Discuss.  (Be sure to define the terms.)
Chapter 8 - Question 4:  Discuss the "make" versus "buy" decisions firms often are forced to make.  (Define the terms.)
Chapter 8 - Question 5:  What is vertical integration?  Discuss to include the benefits, risks, possible
alternatives, relationship to company value chain.

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