Summary Glossary - Innovation, Organization, and Entrepreneurship
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Course
Innovation, Organization and Entrepreneurship
Institution
Tilburg University (UVT)
In the course "Innovation, organization and entrepreneurship" there were a lot of concepts - which eventually also occurred in the exam. This glossary has helped me to know these by heart. Includes 3 pages of terms and the description you need to know for the exam. Good luck studying! And do not fo...
Technological When a technology gets replaced by another technology
discontinuity
Competence Improvements in price/performance, builds on existing knowledge, new
enhancing products/processes, established players benefit
Competence Improvements in price/performance, existing knowledge becomes
destroying obsolete, entirely different knowledge/competencies, new entrants
benefit
FMCG Fast moving consumer goods - products that are sold quickly at
relatively low cost
Private label Opposite of A-brands. Huismerk
Private label When private label products take over the market
penetration
COGS Cost of goods sold - The direct costs attributable to the production of the
goods sold by a company
EBIT Earnings before interest and tax
Incremental A series of small improvements to an existing product or product line
innovation that usually helps maintain or improve its competitive position over time
Radical A product, process, or service with either unprecedented performance
innovation features or familiar features that offer potential for significant
improvements in performance and cost
Innovation The innovation funnel provides a solution for explicitly defining the
funnel information requirements for managing the innovation process. The
funnel illustrates how innovation goals, innovation actions, innovation
teams and innovation results interact with each other to create change
in any organization.
Complacency A geefling of smug or uncritical satisfaction with oneself or one’s
achievements
Separation Essential for ensuring the development of new practices that truly differ
Integration Essential for ensuring that the radical innovation is ultimately accepted
by the organization and may draw on its resources
Corporate The sum of a firm’s innovation, renewal and venturing efforts
entrepreneurship
FM Functional manager
PL Project leader
Functional teams Technical, simple problems, functional disciplines, sequential approach,
coordination via FM’s
Light-weight Incremental innovation, functional with light coordination through PL
teams
Heavy-weight System innovation, one task for coreteam member, PL has power
teams
Autonomous Radical innovation, teammembers decoupled from functional
teams (tiger disciplines, PL is the boss
teams)
Recombinant Converting old ideas into new ones, adapting them from one context to
innovation another
Technology The arrangement of people, ideas and objects for the accomplishment
of a particular goal
Technological The extent to which inventions or technological components from them
impact are combined in future inventions
Familiarity A shared system of understanding within communities of inventors
about the core technological components
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