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ais > GE ELEC (Innovation) > Flashcards

GE ELEC (Innovation) Flashcards

1
Q

3 business model innovation

A
  1. industry Model Innovation
  2. Revenue Model
  3. Enterprise Model
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2
Q

is often also viewed as the application of better solutions that meet new requirements, unarticulated needs, or existing market needs.

A

Innovation

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3
Q

moving into new industries. Rendering existing ones and or create entirely new value chains.

A

industry model innovation

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4
Q

is the art of enhancing advantage and value creation by making simultaneous—and mutually supportive—changes both to an organization ’ s value proposition to customers and to its underlying operating model.

A

Business model innovation

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5
Q

is when companies implement new processes, ideas, services, or products with the goal of boosting the bottom line

A

Business innovation

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6
Q

new value propositions and pricing models

A

revenue model

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7
Q

changing the extended enterprise to be more integraded or specialized and transforming networks with employees,suppliers, customers etc

A

enterprise model

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8
Q

improvements and/or changes to an organization ‘ s framework for generating revenue, a goal also encompassed in the term, business model innovation

A

REVENUE MODEL INNOVATION

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9
Q

This model of business innovation requires organization to identify which of their processes, products or services could be improved to boost the company ’ s profitability. Innovation in this case could refer to forming new partnerships, outsourcing specific tasks or implementing new technologies.

A

Business model innovation

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10
Q
  • If increasing profits is the main driver for business innovation, many organization may choose to change their revenue model as a first port-of-call
A

REVENUE MODEL INNOVATION

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11
Q

This can involve re-assessing the products or services offered or taking another look at the company ’ s pricing strategy. Innovation does not
have to be radical, sometimes changing even one element can yield significant results

A

REVENUE MODEL INNOVATION

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12
Q

this is where you create a new industry, move into a new industry or redefine the Value Chain

A

INDUSTRY MODEL INNOVATION

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13
Q

Arguably the most radical model of business innovation, ambitious organizations can choose to change industry completely for the purposes of innovation - or even create a whole new industry for themselves. Indeed, companies can win a new lease of life through industry innovation

A

INDUSTRY MODEL INNOVATION

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14
Q

are material (tangible) objects that have been designed by people and developed through technological practice to serve particular functions

A

Technological products

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15
Q

are material objects that have been designed by people and developed through technological practice to serve particular functions. In every technological product there is a crucial relationship between the (chemical) composition and structure of the materials used and their performance properties

A

Technological products

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16
Q

Developing and using devices and systems to promote health and cure illnesses.

A

Medical Technology

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17
Q

Using systems and processes to put structures on the sites where they will be used.

A

Construction Technology

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18
Q

Developing and using devices and systems and processes to convert materials into products in a factory.

A

Manufacturing Technology

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19
Q

Developing and using devices and systems to convert, transmit, or process energy.

A

Energy and Power Technology

20
Q

Developing and using devices and systems to plant, grow, and harvest crops.

A

Agriculture and Bio-Technology

21
Q

Developing and using devices and systems to move people and cargo from an origin point to a destination.

A

Transportation Technology

22
Q

Developing and using devices and systems to gather, process, share information, and to share ideas

A

Information and Communication Technology

23
Q

is similar to scientific investigation. Both processes rely on evidence and reason, and follow a logical sequence of steps to solve problems or answer questions.

A

Technological design

24
Q

refers to creations of the mind. It can be an invention (patent / utility model), a design (industrial design), a brand name (trademark, or a literary and artistic work (copyright)

A

Intellectual property

25
Q

was established by the WIPO Convention in 1967

A

WIPO ( World Intellectual Property Organization )

26
Q

is a specialized agency of the United Nations. It promote the protection of IP throughout the world. Its headquarters are in Geneva, Switzerland

A

WIPO

27
Q

What is meant by IPRs?

A

The exclusive right granted by State, to prevent others from using, manufacturing, distributing - inventions, processes, applications, new and original designs, trademarks, new plant varieties, data bases and artistic and literary works. Such a person is known as ‘rights owner’ or ‘rights holder

28
Q

a property that arises from the human intellect. It is a product of human creation

A

Intellectual property

29
Q

2 types of iprs (intellectual property)

A
  1. industrial property
  2. copyrights and related rights
30
Q

These are books, paintings, musical compositions, plays, movies, radio/tv programs, performances, & other artistic works.

A

Literary & Artistic Works(intellectual property)

31
Q

is a category of property that includes intangible creations of the human intellect. There are many types of intellectual property, and some countries recognize more than others. The most well-known types are copyrights, patents, trademarks, and trade secrets. Intellectual Property Rights (IPR) gives them this protection, as well as helping them exploit and control their IP

A

Intellectual property (IP)

32
Q

invented the worlds first 3-point safety belt in 1959. Then volvo gave the invention to the world for free.

A

VOLVO

33
Q

is an exclusive right granted for a new, inventive, & useful product. It can take the form of a new product, process or technical improvement to existing invention. Patent owners may also give permission to, or license, other parties to use their inventions on mutually agreed term

A

patent

34
Q

A government-issued grant, bestowing an exclusive right to an inventor over a product or process that provides any technical solution to a problem in any field of human activity which is new, inventive, and industrially applicable

A

Invention patent

35
Q

A right granted by the government To prevent others from selling, making or using your invention For a period of Time (around 20 years) (Sec. 21, R.A. No. 165a)

A

Patent

36
Q

what are the three dimensional features that consists the industrial design?

A

shape or surface of an article, or of two-dimensional features, such as patterns, lines or color.

37
Q

protects a slogan, phrase, word, company name, logo, or design that identifies a company and/or its goods.

A

trademark

38
Q

are obtained when you get a design patent. This type of patent protects the aesthetic design of something with a practical purpose. A design patent is one of the strongest protections you can get for your product, but it is also more challenging to get

A

Industrial design rights

39
Q

is a word, a group of words, sign, symbol, logo or a combination thereof that identifies and differentiates the source of the goods or services of one entity from those of others.

A

Trademark

40
Q

is a symbol or design used by a company that may fall under trademark protection laws. Many businesses choose to apply for trademark protection on their logos

A

logo

41
Q

is a legally binding agreement between two or more persons or entitie

A

business contract

42
Q

is for 10 years from the date of registration and can be renewed every 10 years consecutively. Failure to renew is removal of the trade mark from register

A

trademark registration

43
Q

just like inventions, is an exclusive right granted to for an invention, but it does not require the condition of the involvement of an inventive step to be protected

A

Utility models

44
Q

refers to when an established trademark is placed on a product or service that is not one of the legitimate goods offered by the trademark owner.

A

Trademark counterfeiting

45
Q

is the legal protection extended to the owner of the rights in an original work. “Original work” refers to every production in the literary, scientific and artistic domain.

A

Copyright

46
Q

known as the Intellectual Property Code of the Philippines.

A

Republic Act No. 8942

47
Q

Overview of RA 8942

A

Registration of applications for trademark, patent, utility model, industrial design and patent cooperation treaty applications as well as copyright deposit are filed with the Philippine Intellectual Property Office (IPO)

ais (7 decks)

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