Which megatrend in the Wall Street Journal article “The Technology Trends That Executives Should Know” will be most important for open innovation to develop complex new products such as electric vehicles? Why?

Learning Goal: I’m working on a supply chain discussion question and need an explanation and answer to help me learn.

Article 8, “Why Do Experts Solve Complex Problems Using Open Innovation,” includes the following topics:

• Open innovation models
• Complexity in New Product Development (NPD)
• Project expertise
• Tacit knowledge
• Absorptive capacity

Wall Street Journal, “The Technology Trends That Executives Should Know,” Link: https://partners.wsj.com/mckinsey/the-technology-trends-that-executives-should-know/Links to an external site.

Wall Street Journal, “Saudi Arabia to Build Electric Vehicles With Apple Supplier Foxconn,” Link: com/articles/saudi-arabia-to-build-electric-vehicles-with-apple-supplier-foxconn-11667497965?mod=Searchresults_pos8&page=1″ target=”_blank” rel=”noreferrer noopener”>https://www.wsj.com/articles/saudi-arabia-to-build-electric-vehicles-with-apple-supplier-foxconn-11667497965?mod=Searchresults_pos8&page=1Links to an external site.

Please review the assigned materials before answering the questions below.

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1. Which megatrend in the Wall Street Journal article “The Technology Trends That Executives Should Know” will be most important for open innovation to develop complex new products such as electric vehicles? Why?
2. According to the Wall Street Journal article titled “Saudi Arabia to Build Electric Vehicles with Apple Supplier Foxconn,” innovation for new electric vehicles will include infotainment, connectivity, and autonomous driving technologies. Which innovation models would work best for each type of technology?
3. How can Ceer develop and utilize absorptive capacity as it brings new vehicles to market?
4. Please provide an insightful question about open innovation. Why is this an important question?