BM 5106 Managing Innovation Flashcards

Fill-in-the-blank flashcards for Managing Innovation course.

Besides feedback, resources, and comments, __ are also a source of innovation.

etc.

Amazon initially started by selling __. Later, they expanded their business model by creating a __ and identifying to generate .

books, platform, cost, revenue streams

Besides generating new ideas, innovation also involves and introducing new . It requires __ with a happy ending.

staying relevant, products/services, disobedience

One way to drive innovation is by winning through conducting the or by coming up with the in the industry.

best research, best ideas

Sources of innovation opportunities include unexpected events, contradictions, change, changes in and workflow-based innovation.

demographic, world war

Two types of innovation are ' innovation', which involves closing borders, and ' innovation', which involves information coming from outside to inside.

close-bound, in-bound

Internal innovation sources include own R&D, technical departments, and customer service, while external sources include customers, suppliers, , and state institutions.

marketing states, competition

Firms develop knowledge, and products, while societal change and market needs lead to and opportunities.

process, demands

Innovation is concerned with the commercial of an idea, while invention is the of an idea.

and application, conception

The model focuses on making items that have never been made before, while the model focuses on making items people want.

technology push, market pull

The simultaneous coupling model involves __, marketing, and research and development.

manufacturing

Converting basic discovery into commercial products/services is a long-term, __, complex process that is interactive and __.

high-risk, non-linear

Innovation process has been treated __ issue.

as organisational

The __ nature of knowledge that underpins innovation is one reason the state is necessary for innovation.

public

R&D __, ‘export credits’ and land are examples of how the government affects innovation.

financing

In the Triple Helix Model, __ drives innovation through developing entrepreneurs, technology training + education, deliver educated people to economy and creating partnerships

Universities

Entrepreneurs and businesses may focus on high return opportunities in the term, marginalize strategic and innovative perspective and ignore implications of such behavior.

short-, long-term

Korea adopted a __ policy, which was successful in industries from automotive to telecommunication.

'copy and develop'

Efficiency gains, Creativity gain , Exploitation v/s exploration .How to balance this? By __ .

ambidexterity

Incremental innovation reinforces capabilities of organisation __ forces organization to draw on new technical and commercial skills.

Radical innovation

Firms that have __ are able to change ‘old’ routines with new ones.

dynamic capabilities

Improving product’s components only, not architectural __ innovation.

(limited innovation)

Examples of Innovation stimulus are: leadership, __ and knowledge management.

people management

Examples of Innovation performance are: product innovation __.

process innovation

A __ to long-term growth rather than short-term profit Characterised by Growth orientation

commitment

mechanistic, long-chains of command, rigid work methods, strict task differentiation, extensive procedures and __ hierarchy reduce innovation.

More adaptable, open, consensual and loosely controlled • formalise procedures

A __ generates new ideas and sees new and different ways of doing things.

Technical innovator

A __ Sells new ideas to others in the organisation. Acquires resources. Aggressive in championing his or her cause. Takes risks.

Product champion

Team-building __ Industrial clustering Teleworking Corporate intranets Online recruitment e-Learning Competence management are examples of typologies for Human resources management.

Supply chain management

benchmarking workflow __ Just in timeare methodologies and tools of Process improvement.

Business process re-engineering

Market acceptance are examples of Two technology risks Appropriability risks __

competence destructions'

Overcoming barriers towards increased productivity and Effectiveness __ of R&D

effectiveness

Purchase know-how embodied within __is acquisition of external technology/ knowledge matrix

people and processes

Subsidiaries: need feedback from different customers

Different customers

Factors that contribute to the success and failures can be obtained from __

innovation audit

Many examples of exciting technology and successful products that were initiated by scientists operating in a __

covert manner

Benefit measurement model Economic models __ are Three screening methods:

Portfolio selection model

Technology roadmapping Development of the __ technologies.

products and their supporting

Patents: offers __ monopoly. Copyrights: provides exclusive rights.

20-year

trademarks: distinctive names, mark/symbol identified with __

company products

For patent to be legal: novelty inventive step __

industrial application

The A trademark should: satisfy requirements distinctive __ not cause confusion with previous trademarks.

not deceptive

Link between brand and trademark Brand: sphere of marketing __. Trademark: sphere of law.

Brand names

Copyright protection is __. Remedy against infringement

automatic

Brunei's application system operates on a __ basis.

‘first-to-file'

Inventions that are offensive, immoral or __ behavior are not patentable

anti-social

Plant variety protection Rights granted to breeders, exclusive control over__ material, over a number of years.

propagating and harvested

Diffusion of innovation by Everett Rogers __

(1962)

Disruptive Innovation (Clayton Christensen, 1997)

1997

Open innovation by Henry Chesbrough__ Types: inbound: use external knowledge.outbound: letting others use internal knowledge.

2003

The ability to recognise understand and process knowledge Three capabilities:__

Cohen and Levinthal

One tangible feature for the state to put in state innovation is to introduce __

specialised trainings

Governments can tinker with __ system to develop a long-time horizon.

taxation