O'connor (2009)

Question 1

Companies must understand that breakthrough innovation consist of 3 phases:

Answer 1

• Discovery: Creating or identifying high impact market opportunities
• Incubation: Experimenting with technology and business concepts to design a viable model for a new business
• Acceleration: Developing a business until it can stand on its own.

Question 2

Companies fundamentally mismanage their innovation talent

Answer 2

• Typically, large companies rotate high-potential managers in and out of the innovation leadership role on a regular basis
   that may give the rising stars broad experience, but it deprives the company of any real innovation expertise at a senior level
• Companies don’t provide meaningful growth opportunities for their innovation professionals
   so although there are plenty of great jobs in innovation, there are no careers

Question 3

Mission of talent in discovery phase

Answer 3

Create and identify opportunities in the marketplace. Explore fit between techno- logical capabilities and marketplace needs.

Question 4

Mission of talent in incubation phase

Answer 4

Experiment in order to create a new business that delivers breakthrough value to customers and to the firm

Question 5

Mission of talent in Acceleration phase

Answer 5

Nurture the business until it can stand on its own.