GMS 200 Lecture Notes - Lecture 2: Behavioural Sciences, Clayton M. Christensen, Elon Musk

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Franklin Ramsoomair

Document Summary

Social business innovation: using micro-credit lending to help create small enterprises and fight poverty. Social entrepreneurs are individuals with innovative solutions to society"s most pressing social problems. Sustainable innovation: creation of new products and processes that have lower environmental impacts than the available alternatives. Green innovation: process of turning ideas into innovations that reduce the carbon footprint of an organization or its products. Domain definition: a disruptive innovation, helps create a new market and value network, eventually disrupts an existing market and value network, originally a term of art coined by clayton christensen. In highly innovative organizations: corporate strategy and culture should: accept failure and take risks, organization structure should: be organic, use cross-functional teams and task forces. Kurt lewin"s 3 phases of planned organizational change. Unfreeze: ensure that employees are ready for change / unfreezing occurs during the diagnosis step of organizational development.