BPS 4305 Lecture Notes - Lecture 16: Proj Construction, Floppy Disk, Amazonfresh
6 Sep 2016
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Other types: radical innovation (perspective of company) Additional types of innovation (perspective of industry: sustaining innovation. Same exact thing, but keeps buying that product. People still buy previous versions, but most people buy new one: disruptive innovation. Overturn markets with a new approach to meeting customer needs. Weeds = cast aside: experience vs. initiative. Senior managers = more experience, credibility, but risk averse. Mid-level employees = innovators, enthusiasm: internal vs. Insider greater social capital, know organization, but not think outside box. External costly, difficult building relationships: building capabilities vs. collaborating. Collaborating may create conflicts: incremental vs. preemptive launch. Cultivating innovation skills: discover skills see potential in innovations. Pick and choose importance: creative intelligence allow individuals to develop more creative, higher potential innovations by means of. Defining the scope innovation: defining the strategic envelope. What will be in and what will be out.
