Lecture 7 Flashcards
1
Q
What is the difference between steady state and discontinuous innovation?
A
Continuous changes and boom and then slows down
2
Q
What is technology impact?
A
Some technologies bring rapid change
3
Q
How can you manage/deal with disruption?
A
- try to spot it early
- prepare for different scenario’s
- build dynamic capabilities
4
Q
What is the downside of radical innovation?
A
Can reduce jobs like steam engine and car
5
Q
What is the difference between the book and lecture on innovation types?
A
- different types of innovation
- different ways to capture value (riool)
6
Q
Social value
A
Could sell for high price, depends on company’s values
7
Q
Environmental
A
ocean clean-up and coca cola
create contest
8
Q
What are the 3 parts of a sustainable business?
A
- operational optimization= eco-efficiency, doing better
- organizational transformation= new market opportunities
- systems building= societal change together
9
Q
What are type 1 and 2 in innovation in emergent companies and by who is it caused?
A
type 1= cost reduction/efficiency firm
type 2= affordable/efficient products customers
caused by environment and firm
