SLIDES WEEK 1 Flashcards
Innovation is for what kind of use
commercial or practical
innovations provide viable solutions to problems: N & U
novel and useful
innovation management
general plan to create and appropriate value from innovation
technological innovation is the most important driver of …
competitive success
product innovation and process innovation
lower cost
protect margins
product innovation: protect margins
process innovation: lower cost
flexibile manufacturing technologies, 2 consequences
- reduced importance of economies of scale
- seamless transition from producing one product the next
How can you improve the innovation success rate
- In-depth UNDERSTANDING of dynamics of innovation
- Well-crafted innovation STRATEGY
- Well designed processes for IMPLEMENTING IM strategy
Innovation management divided into 6 levels
- idea level: how to manage ideas
- technology level: how to protect ideas
- product level: how to commercialize products
- team level: which individual characteristics affect innovation
- firm level: how to remain adaptive/how to avoid ideas/incentives
- industry level: competition, timing of entry, standards
who innovates
firms
individuals
universities
private nonprofits
government funded research
creative works are novel at which 3 levels
individual, local audience and broader societal level
individual creativity can be divided into 6 components:
intellectual abilities
knowledge
style of thinking
personality
motivation
environment
intellectual abilities: look at problems in an unconventional way; what is worth pursuing and what is not
knowledge: understand field
style of thinking: choose to think in novel ways
personality: confidence in own capabilities, tolerance, ambiguity, willingness to overcome obstacles, take reasonable risks
motivation: rely on intrinsic motivation
environment: support and rewards for creative ideas
what 3 factors influence firm creativity?
individuals within the organ, contextual and social processes
demand pull
customer needs -> invention -> manufacturing
Consortia
collars between universities and firms
Private Non-Profit Organization
TNO
in what kind of sectors is Collaborative research important
in high technology sectors where no individual firm has all the capabilities
What does the “nature of the technology” refer to in technology clusters?
It refers to how easily the technology can be protected (e.g. through patents) and how much close and frequent interaction is required for communication.
How does the “cultural context” affect technology clustering?
Through factors like population density, infrastructure development, and national differences in funding or protection of technology.
What are industry characteristics that influence technology clusters?
Market concentration, industry lifecycle stage, transportation costs, and the availability of suppliers and distributor markets.
difference between architectural and radical
radical: core technological chang
architectural: big change in the way the existing components interact
are s curve technology performance and diffusion the same
no, related but different processes
why is technology diffusion slower than information diffusion
technology requires tacit knowledge and complementary goods to make it valuable
segment zero
markets that gets ignored at first but becomes mainstream later
whats the limitation of the s curve
firms who follow the s curve too closely could end up switching technologies too soon to too late
