Lecture 7 Flashcards
1
Q
What does discontinuous innovation mean?
A
An entirely new to the world product
2
Q
How do you manage disruption?
A
By building dynamic capabilities
3
Q
Why is being flexible during a disruption a good thing?
A
Because you’ll be easier to switch from one thing to another
4
Q
What does the lecturer mean with “The issue of social, environmental, and economic impact is primarily about who captures the value of an innovation”
A
He means that the innovation stays the same but the impact can be social, environmental, and economic
5
Q
Name an example of an innovation that seems like a social one but is actually an economic one
A
Sewage system in London
6
Q
What are the dimensions of innovation?
A
1) Technological
2) Economic
3) Social
4) Environmental
