[ESP3] Unit 8: Innovation Management

Innovation management (Quản trị đổi mới sáng tạo)

"the process of coming up with and introducing new things and developing the business, one way or the other"

Life cycle (Vòng đời sản phẩm / quy trình)

"the series of changes that a product, process, activity, etc. goes through during its existence"

Disruptive innovation (Đổi mới sáng tạo đột phá)

"innovation is the process by which a smaller company - usually with fewer resources - moves upmarket and challenges larger, established businesses"

Know-how (Bí quyết / Kiến thức thực tiễn)

"practical knowledge, experience, and ability"

Sustaining innovation (Đổi mới sáng tạo duy trì)

"occurs when a company creates better-performing products to sell for higher profits to its best customers. Typically, sustaining innovation is a strategy used by companies already successful in their industries. The motivating factor in sustaining innovation is profit; by creating better products for its best customers, a business can pursue ever-higher profit margins."

Capabilities (Năng lực tổ chức)

"the different abilities and resources the organization has for creating and managing innovation"

Tacit knowledge (Tri thức ẩn / Tri thức kinh nghiệm)

"knowledge that you do not get from being taught, or from books, etc. but get from personal experience, for example when working in a particular organization"

Innovation (Sự đổi mới sáng tạo / Sự cải tiến)

"the introduction of something new"

Diffusion (Sự lan tỏa / Sự khuếch tán đổi mới)

"the process by which information, ideas, changes in behaviour, etc. spread through a group of people"

Return (Lợi nhuận đầu tư / Tỷ suất sinh lời)

"the profit that you get from an investment"

Open innovation (Đổi mới sáng tạo mở)

"A collaborative approach that involves seeking ideas, partnerships, and expertise beyond an organization's boundaries."

Innovation Lab (Phòng / Trung tâm thử nghiệm đổi mới)

"A dedicated unit or space within an organization for experimenting, prototyping, and testing new ideas."

Idea screening (Sàng lọc ý tưởng)

"The process of assessing the viability and relevance of proposed ideas to select and prioritize the most promising ones."

Market entry strategy (Chiến lược gia nhập thị trường)

"A plan for entering and expanding in new markets while considering local regulations, competitive landscape, and customer preferences."

Culture of innovation (Văn hóa đổi mới sáng tạo)

"An organizational environment that encourages employees at all levels to generate and share ideas freely, recognizing that innovation can originate from anyone within the organization."

Knowledge sharing (Chia sẻ tri thức)

"The exchange of information and insights among employees, teams, or organizations to foster learning and innovation."

Continuous improvement (Cải tiến liên tục)

"An ongoing effort to improve products, services, or processes through incremental and breakthrough improvements."

Bottleneck (Điểm nghẽn quy trình / Trở lực)

"Roadblocks in the innovation process where progress slows, operational efficiency dwindles, and potential remains untapped."

Key Performance Indicators (KPIs) (Chỉ số đo lường hiệu suất cốt lõi)

"Quantifiable measures used to evaluate innovation performance and impact, allowing for data-driven decision-making and tracking of progress."

Scalability (Khả năng mở rộng quy mô)

"The ability of an innovation to grow and adapt to the demands of a larger audience or broader market without sacrificing quality or performance."

Cross-functional collaboration (Hợp tác đa chức năng)

"Teams from different operational areas working together collaboratively to break down departmental silos."

Metrics (Hệ thống chỉ số đo lường)

"Quantifiable measures used to evaluate innovation performance and impact, allowing for data-driven decision-making and tracking of progress."

Resource allocation (Phân bổ nguồn lực)

"The dedicated allocation of resources, including budgeting and personnel, to support innovative projects."

Idea generation (Khởi tạo ý tưởng)

"The process of transforming abstract concepts into tangible innovations that can be brought to market."

Qualitative indicators (Chỉ số định tính)

"Additional, non-quantitative measures providing insights into innovation performance."

Knowledge transfer (Chuyển giao tri thức)

"The process of sharing the expertise, insights, and best practices related to the innovation across the organization."