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Related Flashcards
Cards In This Set
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Idea Generation
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A person develops an insight about something new
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Opportunity Recognition
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Occurs when someone recognizes the potential value of an idea
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Innovation
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The embodiment, combination, or synthesis of knowledge in original, relevant, valued new products, processes, or services
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Framework for Innovation
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Planning, Pipeline, Process, People, Platform, Performance
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Planning Strategy
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Provides a context or focus for innovation activities, enabling ideas to be generated that address critical business needs
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Process/ project management
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Managing creative ideas through to implementation
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Web-based innovation tracking system
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Manages the overall innovation process from ideas to implementation, and provides key decision makers with the level of visibility and control they need
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Leaders
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The most important factor in creating an innovative culture
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Innovation Champion
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People who will drive through the problems and setbacks, convince skeptics of the new to do new things and make a good idea produce results
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Innovation management
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A structure that monitors the effectiveness of your innovation process
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Emerging technologies Sources
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Universities, high-tech startups, and competing organizations
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Drivers of Innovation
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Emerging technologies, Competitor actions,New Ideas, External environment,
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Categories of Innovation
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Products, Processes, and Services
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Product innovation
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Making beneficial changes to physical products
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Process innovation
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Making beneficial changes to the processesthat produce products or services
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