Module 1: Managing Innovation Flashcards

1
Q

What is the S-curve in the technology life cycle?

A

The S-curve describes the progression of a technology from introduction, through growth, and into maturity.

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2
Q

What challenges do managers face when managing innovation initiatives?

A

Managers face challenges such as high uncertainty, unpredictability of new markets, and evolving technologies.

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3
Q

What does organizational alignment refer to in managing innovation?

A

Organizational alignment refers to the fit between strategy, structure, systems, people, and culture to support innovation.

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4
Q

What is organizational inertia?

A

Organizational inertia refers to resistance to change in established processes (structural) and long-standing cultural beliefs (cultural).

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5
Q

What is an ambidextrous organization?

A

An ambidextrous organization is one that balances exploiting existing businesses while exploring new opportunities through innovation.

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6
Q

How do ambidextrous organizations manage both existing and new markets?

A

They create semi-autonomous units that focus on new opportunities while maintaining core operations for existing businesses.

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7
Q

What role do leaders play in ambidextrous organizations?

A

Leaders foster a culture of innovation, balancing the exploration of new opportunities and execution of established processes.

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8
Q

What is the role of uncertainty in innovation management?

A

Uncertainty makes it difficult for managers to predict how new markets or technologies will evolve, complicating decision-making.

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9
Q

How does organizational fit affect innovation?

A

The alignment between the firm and its competitive environment determines how effectively it can respond to new technologies and markets.

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