There are common strategies and the topics related with the project management but

when Keflavik Paper Company developed his model and devised three main concrete ways to
incorporate the ideas of Keflavik Paper Company in the management program are leadership,
industrial marketing, organizational behavior and managerial economics.
The management program to help engineers and computer scientists create their own
technology companies and to develop and innovate new products and services is very important
scenario and when they use the Keflavik Paper Company process the most important thing is the
Innovation which is very important In a closed innovation process company ideates and creates
some original ideas and formulates according to its management procedures. Traditional way off
closed innovation mean when ideas were invented but they were not disclosed to anyone about
the product or any idea so this why it is known as traditional approach of closed innovation.
Inventor is one who designs and invents new things according to demands and need of the public
and work upon to develop its projects.
Classical principles are of price and demand structures as its assumed price is based
upon labor and production theory of value. But this has been debatable by other economist they
say value of product is not determined by only these two factors rather demand and supply of the
product also makes significant role in deciding price structure.
Directors need to organize clarity and description of the organization process. While
improvements in business trends, glance over the competitors, positioning and market
segmentation of the product have to also done for the appropriate decisions to justify the change
process.