5.3 Strategies for Innovation Flashcards
Act of insight
The moment when an idea suddenly comes to a person
Adaptation
When a solution to a problem in one field is adapted/ used for solving a problem in another field
Technology Transfer
When technological advances of new designs are applied in a different context
Analogy
An idea from one context is used to stimulate ideas for solving a problem in another context
Chance
When an unexpected discovery leads to a new idea
Technology push
the driving force for an innovation comes from a technological development (it is often when there is a solution that doesn’t have an existing problem/ market but it creates a need)
Market Pull
When a new idea is needed as a result of demand from consumers in the market