1 Flashcards

1
Q

Wat is een innovation

A

A complex process involving the development of a new idea and/or ‘thing’ and its adoption and use among a community of potential users

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2
Q

Wat is knowledge management

A

Creating, capturing, distributing and using organizational knowledge effectively

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3
Q

Waaruit bestaat knowledge management

A

Exploration: Creating new knowledge for innovation producing new products,
services, processes
exploitation: Ensuring that knowledge that is available within a firm, it is accessed
Ambidexterity = Exploration + Exploitation

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4
Q

Wat is het verschil tussen een innovation en invention

A

Invention: The creation of novel services, products and production techniques -
coming up with new ideas
Innovation: The refinement and development of an original invention
into a usable technique or product
Innovation is an invention with commercialization

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5
Q

Welke 5 strategic advantages kunnen innovation je geven

A

1: Novelty in product/service
offered
2: Novelty in process
3: Complexity
4: Protection of IP
5: Timing

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5
Q

Wat is Novelty in product/service
offered

A

Offering something no one else can

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6
Q

Wat is novelty in process

A

Offering faster, at a lower cost, etc

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7
Q

Wat is complexity

A

Offering something that others find it
difficult to master aircraft engines

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8
Q

Wat is protection of IP

A

Offering something that others cannot do
unless they pay license some drugs

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8
Q

Wat is timing

A

First mover advantage google or amaon

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9
Q

Welke verschillende innovaties zijn er 4p’s of innovation

A

1: Product/service innovation: Development and introduction of a product that is new to the market, or small changes to an existing product or service
2: process innovation
Developing and introducing a new way of producing products
3: position innovation
Repositioning the perception of an established product or process 
4: paradigm / business model innovation:
Reframing the way we look something

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10
Q

Wat zijn voorbeelden van paradigm innovation

A

Servertization: Expanding the capabilities of a company to deliver a greater experience for the end consumer
Ownership to rental: Transforming the need for ownership (Spotify, Zipcar)
Offline to online: Substitution of physical encounters with virtual ones
Mass customization and cocreation: Let people customize their own product

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11
Q

Welke verschillende innovation types zijn er

A

Incremental Innovation:
Improvements on existing products/services – “do what we do but better” Same market same product
Radical Innovation:
Brand-new products, processes and services. Applying new technology to a
new market – “do something different”
New product new market
Disruptive Innovation:
Brand-new products, processes and services that threaten incumbent
producers of products, processes and services. They often disrupt the existing market
Same market New product

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12
Q

Wat zijn key aspects in managing innovation

A

Degree of novelty - incremental or radical innovation?
* Platforms and families of innovations
* Discontinuous innovation - what happens when the rules of the game change?
* Level of innovation - component or architecture?
* Timing - the innovation life cycle

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13
Q

Wat is een discontinuous innovation

A

New market emerges – Smartphones
* New technology emerges – Photos to digital images
* New political rules emerge – Free trade results, embargo
* Unthinkable events – 9/11, Covid-19

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14
Q

Wat is een Architectural Innovation

A

Innovation of an architecture of any product that changes or
modifies the way various components of the systems relate to each other -a motor car, networked computer systems

15
Q

Wat is een Component level Innovation

A

An innovation that creates an improvement in the capabilities of the individual components in a system -more powerful processors in computers

16
Q

Waaruit bestaat de innovation life cycle

A

Stage 1: Fluid: exploration and flexibility
Stage 2: Transitional: dominant design
Stage 3: Specific: focus on cost reduce

17
Q

Wat is Roger’s Diffusion of Innovation

A

Innovators: Customers who have financial capacity, influence over their social
system and risk-takers
Early adopters: Customers with financial capacity, exhibit more opinion leadership
and discretion than innovators
Early majority: Customers with above-average social status, but they adopt
innovation after a period of time
Late majority: They are skeptical about innovations, have below-average status and
limited financial resources
Laggards: They have a limited social network and very little financial capacity
Source: Newell et al., 2020

18
Q

Wat is de Linear, Interactive en spaghetti View of Innovation

A

Lineair: Creation and developement to adoption to use
Interactive: all these interact with eachother
spaghetti: everything goes through eachother

19
Q

Waaruit bestaat Digital Innovation Management

A

Search: How can we find opportunities for innovation (crowdsourching)
Select: What are we going to do and why (idea markets)
Implement: How are we going to make it happen (prototyping)
Capture: How are we going to get the benefits from it (marketing)