Product Development & Innovation
Architectural innovation model ✔️An innovation that creates an improvement in ways which
components, at least some of which may not in themselves be innovative, are put together
Interactive innovation model ✔️A theory that holds that innovation is a process of discovery which
proceeds in a complex non-linear sequence of phases, it does not progress sequentially through definite
stages, but rather oscillates between conception, product development, production and marketing
Dilemma of innovation management ✔️The efficient day to day operations within an organisation
requires stable routines. This is achieved in a stable and controlled environment. However the
development of new products and services requires creativity and room to try out new ideas. This is
often achieved in a loose and flexible environment. Thereby the dilemma..
Types of trust ✔️Process, personal, institutional, competence, contractual and goodwill trust.
Strategic pressures on R&D ✔️3 categories, defend, support and expand existing businesses. Drive new
businesses and lastly broaden and deepen the technological capability
Consumer user toolkits ✔️The so called toolkits allow customers to create their own products, which
then is produced by the manufacturer
Interlinking system of knowledge-transfer relationships ✔️Describes the relationship of knowledge
transfer between individuals and groups and the whole organisation
Triple helix thesis ✔️University-industry-government relationships that drives innovation
The resource-based perspective ✔️Strategic decision making out of an internal analysis and aligning the
firm's resources to the external environment. There are differences between firms based upon the way
they manage resources and how they exploit them
, Open innovation ✔️A distributed innovation process based on purposively managed knowledge flows
across organizational boundaries. It emphasizes the use of cheap and instant information flow between
companies and also the linkage and relationship.
Innovation ✔️Theoretical conception + technical invention + commercial exploitation
Valley of death ✔️The space between opportunity, discovery and product development
Patent ✔️A set of exclusive rights granted by a sovereign state to an inventor or assignee for a limited
period of time in exchange for detailed public disclosure of an invention
Joint venture ✔️Usually is a separate legal entity with the partners to the alliance normally being equity
shareholders
Copyright ✔️Copyright is a legal right created by the law of a country that grants the creator of an
original work exclusive rights for its use and distribution. This is usually only for a limited time
Registered design ✔️The design is protected by registration, it is for the outward appearance of an
item and provides exclusive rights for up to 15 years
Registered trademark ✔️A form of intellectual property
Difficulty of switching functional roles (Von Hippel) ✔️Know-how, organizational arrangement, capital
equipment represents significant barriers to the switching of functional roles
Lead-users (Von Hippel) ✔️Those who demand requirements ahead of the market and often involved
themselves in developing products ideas because there is nothing in the market at present time that
meet their needs
Discontinuous Innovation ✔️An innovation that is very significant change, sometimes something
happens in an industry that causes a disruption - the rules of the game change i.e when the photo
industry changed from regular film to digital film. Creative destruction
Architectural innovation model ✔️An innovation that creates an improvement in ways which
components, at least some of which may not in themselves be innovative, are put together
Interactive innovation model ✔️A theory that holds that innovation is a process of discovery which
proceeds in a complex non-linear sequence of phases, it does not progress sequentially through definite
stages, but rather oscillates between conception, product development, production and marketing
Dilemma of innovation management ✔️The efficient day to day operations within an organisation
requires stable routines. This is achieved in a stable and controlled environment. However the
development of new products and services requires creativity and room to try out new ideas. This is
often achieved in a loose and flexible environment. Thereby the dilemma..
Types of trust ✔️Process, personal, institutional, competence, contractual and goodwill trust.
Strategic pressures on R&D ✔️3 categories, defend, support and expand existing businesses. Drive new
businesses and lastly broaden and deepen the technological capability
Consumer user toolkits ✔️The so called toolkits allow customers to create their own products, which
then is produced by the manufacturer
Interlinking system of knowledge-transfer relationships ✔️Describes the relationship of knowledge
transfer between individuals and groups and the whole organisation
Triple helix thesis ✔️University-industry-government relationships that drives innovation
The resource-based perspective ✔️Strategic decision making out of an internal analysis and aligning the
firm's resources to the external environment. There are differences between firms based upon the way
they manage resources and how they exploit them
, Open innovation ✔️A distributed innovation process based on purposively managed knowledge flows
across organizational boundaries. It emphasizes the use of cheap and instant information flow between
companies and also the linkage and relationship.
Innovation ✔️Theoretical conception + technical invention + commercial exploitation
Valley of death ✔️The space between opportunity, discovery and product development
Patent ✔️A set of exclusive rights granted by a sovereign state to an inventor or assignee for a limited
period of time in exchange for detailed public disclosure of an invention
Joint venture ✔️Usually is a separate legal entity with the partners to the alliance normally being equity
shareholders
Copyright ✔️Copyright is a legal right created by the law of a country that grants the creator of an
original work exclusive rights for its use and distribution. This is usually only for a limited time
Registered design ✔️The design is protected by registration, it is for the outward appearance of an
item and provides exclusive rights for up to 15 years
Registered trademark ✔️A form of intellectual property
Difficulty of switching functional roles (Von Hippel) ✔️Know-how, organizational arrangement, capital
equipment represents significant barriers to the switching of functional roles
Lead-users (Von Hippel) ✔️Those who demand requirements ahead of the market and often involved
themselves in developing products ideas because there is nothing in the market at present time that
meet their needs
Discontinuous Innovation ✔️An innovation that is very significant change, sometimes something
happens in an industry that causes a disruption - the rules of the game change i.e when the photo
industry changed from regular film to digital film. Creative destruction
