Innovation Processes Flashcards
Push models
Emerge from research
Initiated by knowledge producers (research)
Pull models based on
Based on market need.
Negative impact of pull models
Can result in lack of money spent on research
Can result in decline of radical innovation.
Coupling and interstates models
Networks
In house functions and external communication links to organisations
Life cycle model 5 key dimensions that influence the growth model
Age of company Size of ... Stages of evolution Stages of evolution Growth rate of industry
5 stages of living cycle model
Emergence Growth Maturity Decline Death
5 phases that create crisis to move to next stage in life cycle
Phase 1 creativity - leadership crisis Phase 2 direction - new top managers Phase 3 delegation - control crisis Phase 4 coordination, planning/ procedures - red tape crisis Phase 5 collaboration - problem solving
What sort of business is the development stage model aimed at?
Small to medium
6 stages of the development stage
1 existence Example enough customers
To survival example cash flow
3 3-D success disengagement maintaining position
Three grow success growth example hiring managers to grow
For takeoff example delegation
re-sources charity remaining
Does the development stage model need crisis triggers go to the next stage?
No
What is entrepreneurial growth process?
Explaining the changes that take place within an organisation over time
Main points about evolutionary approaches
A response to limitations of development and life cycle model
Variation, selection and retention.
Path dependence
Idea that orgs can be locked in to a certain path because of decisions made earlier.
Negative if path dependence
Org may go into decline because it’s capabilities are no longer relevant
What is path creation?
Humans have the power of reasoning therefore can evaluate and judge which path to take for their future.
