Week 8 Innovation and Change Flashcards
Define structural inertia.
Resistance to change rooted in the size, complexity, and interdependence of a firm’s structures, systems, and formal processes.
Define innovation.
An invention that is novel and has commercial value.
Three types of innovation.
Product, process, and business model.
Define incremental innovation.
A refinement of the product. Price/Performance advance consistent with trajectory.
Define radical innovation.
A disruption of the product. Price/Performance advance by much more than existing rate of progress.
Substitution event
The emergence of a technological discontinuity that resets the innovation cycle.
Define competence enhancing innovation.
Builds on and reinforces existing capabilities.
Define competence destroying innovation.
Overturns existing capabilities.
Define sticky knowledge.
The difficulty of sharing knowledge across an organization.
Examples of sticky knowledge because the knowledge itself.
Causal ambiguity and unproven knowledge.
Define causal ambiguity.
What worked somewhere might not work elsewhere.
Examples of sticky knowledge because the knowledge source.
Low motivation to share and low credibility.
Examples of sticky knowledge because the knowledge recipient.
Low absorptive and retentive capacity.
Examples of sticky knowledge because the organization.
No promotion of knowledge sharing, and loose relationship between source and recipient.
Spin-out, spin-in
To acquire exploratory knowledge, incorporate it effectively when the broker comes back.
