Based on Yahoo! Inc., what can the company/product/service do to survive? What kind of innovation could have been done to keep the company successful
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Based on Yahoo! Inc., what can the company/product/service do to survive? What kind of innovation could have been done to keep the company successful? What specific innovation can you think of that can help the company?
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- Conduct an innovation audit of your chosen organization and critically assess how innovation has impacted the organization over the past five years. Your innovation audit should be based on the organisation’s culture, agility, resources and skills.The most common form of innovation is incremental; however, some innovations are more disruptive and turn the industry upside-down. True or False?Does innovation thrive best under market forces, or are non-market forces the way to go? Why or Why not
- What are the five Cs of managing innovation, and how do they help direct a firms innovation activities?How do we define technology and innovation, and how are they related?Use your own words to describe what is “disruptive innovation”. If you consider the industry structure (i.e., the 5 forces), is disruption innovation considered as the threat of new entrance, threat of substitutes, or Rivalry among existing competitors and why? Please list five (5) disruptive innovations in other industries (not automobile or related industries, as we will discuss the industry in detail later)
- Describe a firm you think as been highly innovative. Which of the four types of innovation - radical, incremental, disruptive, or architectural - did it use? Did the firm use different types over time?Often, innovation involves approaching an existing idea or product from a new perspective to improve it. Explain the four (4) different types of innovation that you study this semester? Explain your answers.What is innovation? What are different types of innovation? Explain with real life examples from your own daily routine life.
- Why do leading firms fail to recognize and react to potentially disruptive innovations? How can a firm avoid the kind of blindness that leads to disruption?It is very true that the concepts of innovation and entrepreneurship are interrelated. Innovation isthe process of creating something new. Entrepreneurship identifies the opportunities in greatinnovations that creates opportunities, adds value, and keeps the value improving over a period oftime. The innovation process involves a series of key steps that organizations follow to foster andimplement innovation. Discuss the common steps involved in the innovation process in depth withrelevant references and examples.Explain how this innovation solution(injuries and violence) would address the 5 characteristics (Relative Advantage, Trialability, Complexity, Compatibility, and Observability)