When we say that innovation begins with great ideas we are really saying that innovation begins with creativity
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- In class, we talked about the surprising outcome of the malaria prevention that free mosquito net provided to local community members were used for fishing. Which one of the following attributes of innovation in the diffusion of innovation theory helped explain this outcome? Group of answer choices demonstrability complexity perceived relative advantage compatibility“Idea generation is the creative process of generating new methods to solve problems and improve the product’s conditions or the company itself. It is undoubtedly based on factors like idea development, group discussions, choosing the best alternative, and finally, implementing the idea in real-world scenarios. The idea doesn’t need to be practical, and it can also be a mere thought.” (Hitesh Bhasin, 2021). Analyse the above statement and explain why innovation and enterprise are both fundamental in business, and in start-up and established organisations as they operate in competitive business markets. Using your knowledge and theories researched on innovative practice and idea generation and relate it to the above statement. Discuss why innovation and enterprise are so fundamental and important in business. Explore through real business examples your ideas of the common factors that lead to innovation success or failure. (LO1).8-The fourth phase of the public business model innovation process is: Select one: a. Idea generation b. Decision c. Prototype d. Analysis of the initial situation
- Based on your experience, which do you feel is the most limiting factor in generating innovations: the idea for an innovation, or the organizational processes to support innovation? Why?Chapter 10 in your eText discusses Kotter's (2007) eight-step change model. Which of these steps do you think is the most challenging? Which is most important? Give specific examples of how an organization either effectively navigated all 8 steps or alternatively, missed one of the steps and it led to change resistance or ineffective change.Any innovation takes some time to spread through the marketplace. Describe three (3) categories of adopters of your choice and apply these to the smart glove innovation.
- In his book The innovation Gap, author Thomas Homer-Dixon states: "One thing is clear: as our lives and our world become more complex and fast-paced, so does our need for innovation. We must handle more challenges concurrently and act more quickly as individuals and societies. In order to supply an ever-widening range of problem-solving concepts at an ever-increasing rate, we must rely on ever-sophisticated time and decision-management systems. What do you think about this analysis?What do you mean by "strategic" DM?What instruments would you use for a tactical DM process?How would you decide which tools to use? What happens once a decision has been made?DruckerSystematic innovation involves “monitoring seven sources for innovative opportunity” (Drucker, 1985, p. 35). The first fourare internally focused within the business or industry, in that they may be visible to those involved in that organization orsector. The last three involve changes outside the business or industry.Internally FocusedThe unexpected (unexpected success, failure, or outside events)The incongruity between reality as it actually is and reality as it is assumed to be or as it ought to beInnovation based on process needChanges in industry structure or market structure that catch everyone unawaresExternally FocusedDemographics (population changes)Changes in perception, mood, and meaningNew knowledge, both scientific and nonscientific Discuss the concept which deals with opportunity thinking anddesign thinking, analyse their concepts by providing specific examples and cite readings (e.g. articles,narrative, research) from reputable sources.Is IKEA a disruptive innovation? If so why? If not why not? please elaborate.
- 1. How is “empower action” a specific change management technique or tool you think is most likely to pave the way for a successful launch of the new product line? 2. How is “incremental change” the most likely decision-making oversight the board could make in the launch of a new product line?Compare planned and reactive change. What are the advantages of planned change, as compared to reactive change?Compare and contrast the following past and current theories of innovation in the context of the size of companies and the use of technology and feedback. a. Disruptive innovation b. Dual innovation c. Open innovation d. Design thinking