100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Organizing and Managing Innovation - FULL course summary - Entrepreneurship & business innovation - Tilburg University $7.51
Add to cart

Summary

Organizing and Managing Innovation - FULL course summary - Entrepreneurship & business innovation - Tilburg University

 4 views  0 purchase
  • Course
  • Institution

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

Preview 3 out of 26  pages

  • January 22, 2022
  • 26
  • 2021/2022
  • Summary
avatar-seller

Available practice questions

Flashcards 28 Flashcards
$5.36 0 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)

Organizing and managing
innovation Summary
Chapter X-X
Timo Verkade

,Module 1
- Learning goal 1
- Learning goal 2
- Learning goal 3

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.

Innovation triggers
- Unexplored/unexploited opportunities
- New discoveries/knowledge
- Scarcity
- Competition

Economic value = the value that person places on an economic good based on the benefit that they
derive from the good.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller timoverkade. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $7.51. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

52355 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$7.51
  • (0)
Add to cart
Added