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AS A JOSENIAN IE ^^ > TECHNOPRENEURSHIP - Innovation > Flashcards

TECHNOPRENEURSHIP - Innovation Flashcards

1
Q

What is Innovation?

A
  • a new idea, method or device.
  • the process of making improvements by introducing something new.
  • the process of translating new ideas into tangible product.
  • the successful exploitation of new ideas.
  • A creative idea that is realized.
  • A change that creates a new dimension of performance.
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2
Q

converting knowledge to wealth is known as

A

Innovation

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3
Q

Why Innovate?

A
  • a chance to react to changes and discover new opportunities.
  • foster competitive advantage
  • allows to build better products and services for your customers.
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4
Q

Formula of innovation

A

creativity + commercialization

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5
Q
A
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6
Q

The starting point for innovation

A

Creativity by individuals and teams

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7
Q

______________ is necessary but not
sufficient condition for __________________.

A

CREATIVITY; INNOVATION

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8
Q

______________ - coming up with ideas and displayed by individuals

A

Creativity

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9
Q

__________________ - bringing the ideas to life and occurs in organizational and societal context

A

Innovation

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10
Q

the creation of new tools or the novel
compilation of existing tool.

A

Innovation

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11
Q

occurs when someone uses an invention - or
uses existing tools in a new way - to change how the
world works, how people organize themselves, and how they conduct their lives.

A

Innovation

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12
Q

CREATIVITY, INVENTION, OR INNOVATION?

Novel ideas that are communicated, useful, and appealing

A

CREATIVITY

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13
Q

CREATIVITY, INVENTION, OR INNOVATION?

A new to the world is discovered or created

A

INVENTION

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14
Q

CREATIVITY, INVENTION, OR INNOVATION?

Making the invention into a product form

A

INNOVATION

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15
Q

CREATIVITY, INVENTION, OR INNOVATION?

Creating something new

A

INVENTION

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16
Q

CREATIVITY, INVENTION, OR INNOVATION?

is a fuzzy idea and that can’t be clarified until it is made into a prototype

A

CREATIVITY

17
Q

CREATIVITY, INVENTION, OR INNOVATION?

About changing a pattern for doing something

A

INNOVATION

18
Q

CREATIVITY, INVENTION, OR INNOVATION?

Refers to ideas

A

CREATIVITY

19
Q

CREATIVITY, INVENTION, OR INNOVATION?

Cash –> Ideas

20
Q

CREATIVITY, INVENTION, OR INNOVATION?

Ideas –> Cash

A

INNOVATION

21
Q

CREATIVITY, INVENTION, OR INNOVATION?

Based on thinking up new things

A

CREATIVITY

22
Q

CREATIVITY, INVENTION, OR INNOVATION?

Based on primary scientific skills

23
Q

CREATIVITY, INVENTION, OR INNOVATION?

Based on broad set of strategic, marketing, and technical skills

A

INNOVATION

24
Q

is the management of all the
activities involved in the process of idea generation, technology development, and marketing of a new or improved products/services or mnufacturing process or equipment

A

INNOVATION

25
Q

Types of Innovation (CPPSCBCNBE)

[from page 21]

A

Core process
Product performance
Product system
Services
Channel
Brand
Customer experiences
Networking
Business model
Enabling process

26
Q

In types of innovation, what are under PROCESS?

A

Enabling process
Core process

27
Q

In types of innovation, what are under OFFERING?

A

Product performance
Product system
Services

28
Q

In types of innovation, what are under DELIVERY?

A

Channel
Brand
Customer experience

29
Q

In types of innovation, what are under FINANCE?

A

Business Model
Networking

30
Q

TYPES OF INNOVATION (SSBMOPFSP)

[from page 23]

A

Services
Supply Chain
Business Model
Marketing
Organizational
Process
Financial
Substantial
Product

31
Q
  • Involves the introduction of a new good or
    service that is new or substantially improved.
A

Product Innovation

32
Q

Product innovation might include improvements in:

A

Functional characteristics
Technical abilities
Ease of use

33
Q

A method of doing business by which a company can
generate revenue to sustain itself.

A

Business Model Innovation

34
Q
  • Informal and formal models that are used by
    enterprises to represent various aspects of business.
A

Business Model Innovation

35
Q
  • Involves changing the way business is done in terms of creating values.
A

Business Model Innovation

36
Q

Development of new marketing methods with improvement in product design or packaging,
product promotion or pricing.

A

Marketing Innovation

37
Q

Involves the implementation of a new or
significantly improved production or delivery
method.

A

Process Innovation

38
Q
  • Involves less technological advance but more
    interactive and information-intensive mainly due to
    the characteristics of services per se.
A

Service Innovation

39
Q

Can be found both in manufacturing and service
firms since they can, particularly obviously at
present, provide services to customers

A

Service Innovation

AS A JOSENIAN IE ^^ (15 decks)

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