Organizing and Managing Innovation - FULL course summary - Entrepreneurship & business innovation - Tilburg University
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Course
Organising And Managing Innovation (300335B3)
Institution
Tilburg University (UVT)
This summary covers all the content that is covered in the course: Organizing and Managing Innovation. This course is part of the Bachelor: Entrepreneurship and Business Innovation, at Tilburg University.
Year 2, semester 1
COMPLETE SUMMARY
Organizing and Managing Innovation - Entrepreneurship and Business Innovation - Flashcards
Flashcards28 Flashcards
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Flashcards28 Flashcards
$5.350 sales
Some examples from this set of practice questions
1.
What are Paradigm shifts?
Answer: the dominant paradigm loses its momentum/relevance and is challenged by others with alternative positions/narratives
2.
Innovation is processual. Explain this process in 4 steps.
Answer: 1. Identify a need or a problem
2. Develop a feasible (affordable, in cost) solution
3. Product/manufacture and market the solution
4. Achieve adoption/diffusion of the innovation
3.
- Unexplored/unexploited opportunities
- New discoveries/knowledge
- Scarcity
- Competition
Are examples of?
Answer: Innovation triggers
4.
Define Economic value
Answer: the value that person places on an economic good based on the benefit that they derive from the good.
5.
The rate and direction are determined by these 4 dimensions. Name those
Answer: Economic growth, technical change, social change, institutional change
6.
What is Process innovation?
Answer: changes in the method of production or delivery of goods and services
7.
What is Organizational innovation?
Answer: new forms of organization of business operations
8.
What is market innovation?
Answer: design/packaging of product, mode of promotion/placement on the market, methods for determining the selling prices, etc.
9.
Is there a paradigm shift in Radical innovation?
Answer: Yes!
10.
Name an example of a technology “s-curve” (physical limits nearing or reached)
Answer: - Cameras (film to digital)
- TV screens (vacuum tube to flat panel)
- Music storage (vinyl to CDs to MP3 storage to cloud)
Content preview
Organizing and managing
innovation Summary
Chapter X-X
Timo Verkade
Lecture 1
Paradigms: Mental models/Frameworks
Paradigm = a common cohesive understanding of how a certain phenomenon must be interpreted
and explained.
Paradigm shifts = the dominant paradigm loses its momentum/relevance and is challenged by others
with alternative positions/narratives.
Innovation
Innovation = transformation of an existing state of things in order to product something new
(improvement). How are things done currently in a given society and how can they be improved.
- Innovation can be different a decade later, or in another country/continent
Basic common elements talking about innovation = Knowledge, information and application of that
information on knowledge to solve a problem
Innovation is processual:
1. Identify a need or a problem
2. Develop a feasible (affordable, in cost) solution
3. Product/manufacture and market the solution
4. Achieve adoption/diffusion of the innovation
Economic innovation = process of change that introduces economic and regulatory elements
concerning the needs in a society, how they are met and how the goods and services are produced.
From entrepreneurs perspective: a problem-solving process that involves searching for new
combinations of known information/knowledge. The role of the entrepreneur is to activate and
coordinate all relevant factors for the production of the innovation.
Innovation has many other definitions
- Application of knowledge to solve/address a problem
- Technical approaches to improve business operations
- The OECD (Oslo manual) considers innovation as: a new or improved product/process that
differs significantly from the unit’s previous products/processes and that has been made
available to potential users/brought into use by the unit. Also includes organizational and
marketing innovations.
Process view of innovation
1. Obtain and gather information and knowledge (what are the sources?)
2. Organize
3. Deploy for commercial purpose
Innovation often can be a resource-intensive, uncertain, complex, and untidy process
, Why innovate?
Depends on how firms frame their problems and how they go forward to solve them.
Economic value = the value that person places on an economic good based on the benefit that they
derive from the good.
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