PE7 Innovators Dilema

Question 1

Big question 1#

Answer 1

Why do big companies almost never succeed in picking up radical new technologies quickly and use full potential

Question 2

Innovation paradox

Answer 2

Confronting an organisation is to engage in sufficient exploitation to ensure its current viability and at the same time devote enough energy to exploration to ensure its viability

Question 3

Incremental innovation

Answer 3

Improves product performance based on the features valued by mainstream competitors

Question 4

Best project

Answer 4

Big market size
Best profit margin
Customer validation

Question 5

Disruptive innovation

Answer 5

Often involved lower performance in many product features

Question 6

5 principles of disruptive innovation

Answer 6

Marketplace
Service of offering
Value network
Finance
Technology

Question 7

Borrow challenge

Answer 7

Allow the disruption organisation to utilize all of the companies resources when needed

Question 8

Forget challenge

Answer 8

But are careful to make sure that the processes and values were not those of the company

Question 9

Learn challenge

Answer 9

Fail early to find correct disruptive tech

Question 10

The hour glass model

Answer 10

Sense
Try
Scale
Run

Question 11

Kotters 8 steps for leading change

Answer 11

Increase urgency
Elicit execution and peer sponsorship
Set the vision
Communication for buy in
Empower employees to implement change
Create short term wins
Dont let up
Make change stick