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E1: Technological Entrepreneurship > C2: Innovation > Flashcards

C2: Innovation Flashcards

1
Q

Sustainable Solution Definition

A

Long lasting environmentally responsible solution for the business, society and all users.

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2
Q

Innovation Definition

A

Solution sold and used by multiple users and contains all stages of innovation process

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3
Q

Innovation Process (4)

A
  1. Idea Generation
  2. Development (R&D)
  3. Commercialization
  4. Implementation
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4
Q

Sustainable Innovation Definition

A

Intentional alterations to organizations operations to create long-term environmental and social benefits while ensuring profits for business

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5
Q

Richard Adams points out that initial research on sustainable development has a_____ vision which means

and instead of analyzing…..

A

dichotomous vision (eco-responsible or not eco-responsible)

environmental orientation/innovation

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6
Q

SOI

A

Sustainable Oriented Innovation

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7
Q

Achieving sustainability requires 3 significant levels of innovation

A

Technological
Organizational
Institutional / Social

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8
Q

Technological Innovation (3)

A

Products, Process, System infrastructure

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9
Q

Organizational Innovation (3)

A
  1. Technological Innovation Components
  2. Delivery Model
  3. Business Model
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10
Q

Institutional / Social Innovation (4)

A
  1. Technological Innovation Components
  2. Organizational Innovation Components
  3. Production System
  4. Consumption System
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11
Q

Sustainable Innovation 3 stages of impact

A

Operational, Organizational, System

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12
Q

Sustainable Innovation Impact: Operational Level

  1. Saying
  2. Definition
A
  1. “Doing same things better”
  2. reduce current environment and social impacts with techno-fixes and without changing business model
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13
Q

Sustainable Innovation Impact: Organization Level

  1. Saying
  2. Definition
A

1.”Doing good by doing new things”
2. Serve market with new sustainable products. Operations are internally focused and independent in economy

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14
Q

Sustainable Innovation Impact: System Level

  1. Saying
  2. Definition
A
  1. “Doing good by doing new things with others”
  2. operations are interdependent and in collaboration with other organizations to create positive impact on society and environment
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15
Q

New Innovation vs Sustainable Innovation: Deliverables

A

New Innovation: Delivers economic performance
Sustainable Innovation: Delivers economic, enhanced environmental, and social performance

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16
Q

Bounce Effect and what does it require

A

Change that is thought to make a net positive impact results in the opposite effect. Requires continuous improvement

17
Q

UN eco-innovation 5 drivers

A
  1. New emerging market access
  2. Increase profitability in value chain
  3. Ahead of standard and regulation
  4. Attract investment
  5. increase productivity & technical capacity
18
Q

UNEP sustainability aspects (2)

A
  • life cycle thinking
  • cooperation with partners across value chain
19
Q

Life Cycle Perspective Thinking

A

All phases of product life cycle considered across value chain: material process, manufacture, distribution, use and repair, maintenance, disposal or re-use

20
Q

Sustainable Innovation Donut
1. what is it?
2. Describe the rings

A
  1. Balancing benefits for society, nature and shareholders.
  2. Outer ring: Ecological ceiling
    Middle: Humanity desired space, Regenerative & Distributed Economy
    Inner: Social Foundation
21
Q

6 Characteristics of Sustainable Innovation

A
  1. Environment Responsibility
  2. Social Impact
  3. Renewable Energy and Clean Tech
  4. Economic Viability
  5. Innovative Business Model
  6. Collaboration and Partnership
22
Q

Bottom Line vs Triple Bottom Line

A

Bottom Line: Profits
Triple Bottom Line: Profits, People, Planet

23
Q

Triple Bottom Line Pairs:
1. Bearable
2. Equitable
3. Viable

A

Triple Bottom Line Pairs:
Bearable: People and Planet
Equitable: Profit and People
Viable: Profit and Planet

24
Q

Sustainable Innovation: Key Focus

A

Address environmental, social and economic challenges

25
Q

Sustainable Innovation: Approach

A

Build upon existing technologies and improve to minimize negative impacts

26
Q

Disruptive Innovation: Key Focus

A

Target established industries/markets by creating new products to shift status quo

27
Q

Disruptive Innovation: Approach

A

Radical or breakthrough ideas/technology.

28
Q

Sustainable Innovation: Goal

A

Create positive impacts and ensure well-being of current and future generations

29
Q

Disruptive Innovation: Goal

A

Upend existing systems, create new opportunities and market dynamics

30
Q

Sustainable Innovation: Time Frame and change speed

A

Incremental and evolutionary, gradual and long term change

31
Q

Disruptive Innovation: Time Frame and change speed

A

Quickly, rapid, distrust establish industries, reshape market in short period

32
Q

Why is sustainability paradoxical at national level

A

Original processes would have had to have left a negative impact in the first place

33
Q

Describe one process of the sustainability paradoxical at national level

A
  1. Good policies means GDP for countries
  2. economic prosperity with industrialization and urbanization created strains on ecosystem
  3. Now countries are decarbonizing original prosperous sectors
34
Q

Economy

A

production, distribution, exchange and consumption of g/s

35
Q

Ecology

A

relationship between organisms and environments

36
Q

Eco-preneurship

A

human innovation to expand/maintain natural resources and improve environment quality

37
Q

Eco-preneurship Perspective

A

Incorporate environmentally responsible in operation and goals

38
Q

5 Challenges with Eco-preneurship

A
  1. Declining Resources
  2. Brownfield markets
  3. Scale, reliability, cost
  4. Overdetermined uncertainties
  5. Breakthrough Bias

E1: Technological Entrepreneurship (6 decks)

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