Lesson Acaba Flashcards
something that involves developing, creating new concepts and new ideas that will be useful for the target customer.
Innovation
innovation is a process where different people and activities come together to create, use, and share new ideas or solutions in both existing and new situations.
Joerg Gemuenden
It is also known as routine innovation
SUSTAINING INNOVATION
involves gradual improvements to products or services based on customer feedback and market demands
Sustaining Innovation
refers to the process of transforming a classy or expensive product or service into one that is simpler, more affordable, and accessible to a broader population
Disruptive innovation
It is an innovation from inside a company that pushes something to the next level
BREAKTHROUGH INNOVATION
It helps the company enter new markets and transforms how customers engage with the industry.
BREAKTHROUGH INNOVATION
research without any clear goals, or science to satisfy the curiosity of a lone scientist without anyone else even realizing that it exists.
BASIC RESEARCH
Inspiration requires a vision, and an ability to communicate it to others.
Inspire
Most technopreneurs are risk taker because they are innovating new products or services which they have no assurance if it will survive in the market.
No risk, no innovation
Innovation starts with a clear vision and undergo with a structured process which includes idea generation, evaluation, prototyping, gathering customer feedback and success metrics
New product process
The business leader has all the ownership on the new products and innovation, from generating ideas to developing the right business model.
Ownership
Once there’s an innovation, those new products should have a value and will be served as solution to real customer problems.
Value creation
Proper hiring and staffing are essential to ensure employees are aware of their responsibilities and have the right mindset for future innovations.
Training and Coaching.
The organization should involve customer and sales teams to brainstorm ideas for the company’s success.
Idea Management
Tracking results is essential to ensure an ideal ROI, helping the company measure profitability and sustain its needs with new product releases.
Observe and Measure
When a company achieves its ROI, offering incentives and recognizing the efforts is a great way of motivating employees.
Net Result and Reward
it combines visuals and audio, making it easier for clients to picture and understand your products or services
Video Presentation
focus on telling a compelling story about your product or service, not just facts, to engage and hold your audience’s attention
Storytelling Presentation
adding a catchy tune to your presentation can make it stand out and be more memorable to clients.
Musical Presentation
it helps prevent your audience from reading slides word-for-word.
Photo-Only Presentation
it involves the audience and activities, encouraging participation and introducing new business ideas.
Immersive Presentation
helps gauge audience interest, involvement, and understanding of your products or services.
Question Presentation
ideal for promoting a product, as it allows clients to see, touch, and try the product themselves.
Demonstrative Presentation
