Summary Innovation Management

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ISBN-10 0230205828 ISBN-13 9780230205826
342 Flashcards & Notes
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This is the summary of the book "Innovation Management". The author(s) of the book is/are Keith Goffin and Rick Mitchell. The ISBN of the book is 9780230205826 or 0230205828. This summary is written by students who study efficient with the Study Tool of Study Smart With Chris.

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Summary - Innovation Management

  • 1 Hoofdaspecten van innovatiemanagement

  • Wat zijn de vier hoofdfactoren voor het creëren van behoefte voor innovatie?

    1. Technologische vooruitgangen
    2. Veranderende klanten
    3. Geïntensiveerde concurrentie
    4. Veranderende bedrijfsomgeving (Business environment)
  • Wat is innovatiemanagement?

    The act of introducing a new device, method, or material for application to commercial or practical objectives.

    Ten minste:

    1. Nieuw/origineel/creatief

    2. Introduceren/implementeren

    3. Commercieel/praktisch/markt

  • Wat zijn de vijf dimensies van innovatie in de productiesector?

    1. Nieuwe producten
    2. Nieuwe services
    3. Productieprocessen
    4. Bedrijfsprocessen
    5. Bedrijfsmodellen
  • Wat zijn de vijf dimensies van innovatie in de servicesector?

    1. New insurance policies
    2. Customer profiling
    3. Use of third parties
    4. Channels
    5. New services
  • Radicale vs incrementele innovaties:

    Radicale innovaties: kunnen een nieuwe markt creëren of een bestaande markt compleet veranderen

    Incrementele innovaties: zijn kleine innovaties die bestaande producten, services of processen aanpassen

  • Kaizen is ...

    Gebruik maken van continue incrementele verbeteringen in het productie- of serviceproces kunnen leiden tot hogere kwaliteit in de output tegen lagere kosten en kunnen over de tijd heen de performance significant verbeteren.

  • Wat zijn de verschillende fasen van innovatie?

    1. De fase van het genereren van ideeën
    2. Selectiefase
    3. Implementatiefase
  • Het innovatie pentathlon raamwerk bevat:

    1. Innovatiestrategie
    2. Ideeën
    3. Prioritisering
    4. Implementatie
    5. Mensen en organisatie
  • 1.1 Introduction

  • Innovation management
    In practice, recognizing the need for effective innovation management and achieving it are two vastly different things.

    Managing innovation is complex and so there are no 'quick fixes', 'no universal solutions'.
  • 1.2 Innovation drivers

  • What are the four innovation drivers that create the need for innovation
    1. Technological Advances

    2. Changing Customers and Needs

    3. Intensified Competition

    4. Changing Business Environment
  • 1.2.1 Technological advances

  • Explain the driver 'Technological advances'.
    With the vast array of technological developments, even multinational companies that used to conduct all their own basic research cannot keep abreast of all the developments, using internal resources alone.

    Organizations need to monitor the progress of both the technologies they currently use and also that of potential substitutes.
  • Technological Advances is a driver towards Open Innovation. What is Open Innovation?
    The sourcing of ideas and technology across organization boundaries.
  • 1.2.2 Changing customers & needs

  • Explain the driver 'Changing Customers and Needs'.
    Changing customers means that traditional market sagments are disappearing or fragmenting and companies will need to adjust their product ranges accordingly.

    As basic needs are met, there is an additional challenge to innovation - determining customers' hidden needs
  • 1.2.3 Intensified competition

  • Explain the driver 'Intensified Competition'.
    Logistics costs have plummeted and, consequently, 'safe, home markets' are being threatened by foreign competition. Companies may also face competition from sources normally outside their industries.
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Which recommendations can be given to manage tacit knowledge to support innovation? Name four.
  1. R&D and other managers involved in new product development need to ensure that the learning from innovation projects is identified. Lists of lessons learned can help but promoting interactions between teams and departments can spread the knowledge more effectively.
  2. Certain key solutions, approaches and the like will need to be documented in a way that the organization does not lose vital information is individuals leave.
  3. Customers' tacit knowledge needs to be recognized and captured.
  4. When certain individuals have tacit knowledge that is vital, companies need to ensure that it is shared with colleagues.
What is tacit knowledge?
Tacit knowledge is hard to express, formalize or write-down. It is highly personal, often based on indivduals' mental models (which they may not even be aware of themselves) and is usually taken for granted.
What is explicit knowledge?
It is also called articulated or declarative knowledge. It is formal and systematic, easily communicated and shared. It can be codified - summarized in a written or symbolic format that can be easily shared. Examples are textbooks and manuals.
Which two main forms does knowledge have?
  1. Explicit
  2. Tacit
What is knowledge management?
How an organization can stimulate and effectively utilize knowledge.
What are the advantages of TRIZ?
  1. An advantage of a TRIZ database is that engineers involved with finding a specific problem can look up all the generic ways to approach the issue.
  2. Design trends can be identified and so opportunities for improvement can be spotted.
  3. It provides insight into how design trade-offs can be managed.
How can patents document how particular problems are solved?
Patents can be grouped by the generic problem they are solving, trends or design trade-offs.
What is TRIZ?
It is a creative form of problem-solving developed by Russian Genrich Altshuller. It stands for Theory of Inventive Problem Solving. It studies the patents.
What does the attribute association approach 'Unification of attributes' mean?
Assigning new functions to existing attributes. This can, for example, also lead to simplification.
What does the attribute association approach 'Division of attributes' mean?
This essentially looks at the product architecture and how physical or functional components are grouped together.