MGMT 2130 Chapter Notes - Chapter 7: Dominant Design, Fast Product, Organization Development

• School: Mount Royal University
• Department: Management
• Course: MGMT 2130
• Professor: ( M G M T2130equivalentwith Athabasca University)- A D M N232

Document Summary

Successful implementation of creative ideas in an organization. Form of organization innovation; production of novel and useful ideas. Difference in the form, quality, or condition of an organization over time. Begins with the birth of a new technology; ends when that technology reaches its limits and is replaced by a newer, substantially better technology. Pattern of technological innovation characterized by slow initial progress, then rapid progress, then slow progress again as a technology matures and reaches its limits. Occurs whenever there are major advances or changes in the knowledge, tools, and techniques of a field or discipline. Patterns of innovation over time that can create sustainable competitive advantage. A scientific advance or a unique combination of existing technologies creates a significant breakthrough in performance or function. Occurs when customers then purchase new technologies to replace older technologies. Competition between old and new technologies to establish a new technological standard or dominant design.