GMS 200 Chapter Notes - Chapter 9: Gary Hamel, Disruptive Innovation, Social Business

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

Document Summary

Strategic leadership: creates the capacity for ongoing strategic change. Creativity: the generation of a new idea or unique approach that solves a problem or crafts an opportunity o one of the great assets of human capital. Innovation: the process of taking a new idea and putting it into practice. Business innovations o product innovations: result in new or improves goods or services o process innovations: result in better ways of doing things o business model innovations: result in ways for firms to make money. Sustainable innovations o sustainable innovation: creates new products and processes that have lower environmental impact o green innovations: the process of turning ideas into innovations that reduce the carbon footprint of an organization or its products. Social business innovations o social business innovation: finds ways to use business models to address important social problems o entrepreneurship: pursues innovative ways to create change that benefits society.