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- What are the Benefits of Innovation Management and discuss atleast 5-6 pointsThe SPOTS framework key question is, "How well do we manage innovation?" True FalseA wise man will make more opportunities than he finds. What and why does this have to do with technology and innovation? What does it have to do with competitive advantage? Explain and use examples
- Explain each base on the picture. strengths of disruptive innovation limitations role of management accountantProvide an excellent explanation of the concept of disruptive innovation and of strategies which have been developed in, and impacted on, the market sector, citing excellent examples; provide an excellent critical assessment of their impact in relation to the chosen theme, applying, with excellent justification, a range of referenced approaches, eg, competitor, risk and impact analysis, demonstrating excellent insights.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)
- 1. Provide an example of a firm which has been a disruptive innovator. What role does technology play in disruptive innovation? 2. What is the greatest risk of being a disruptive innovator for an organization? How must the firm consider the actions of its rivals? 3. How might government try to limit the effects of disruptive innovation? Provide a specific example of when a technology tool was limited or disabled by a government.Please answer . Themanagement of innovation demands a broad and balanced approach. What are the factors deemed to be critical for achieving success in innovation management?The key disadvantage of open innovation is: Question 1 options: Difficulty to scare None of the options Low speed of research and development High cost The difference between fiscal management and tax evasion: Question 2 options: Is always clearly stated in the legislation Is always very obvious Is often hard to observe, but is clearly explained in the IFRS Is often determined on a case-by-case basis
- 7:18 C Back Assignment Details TECH 100 | AR IV-2-1| TECHNOPRENEURSHIP The following are different approaches to innovation. Your task is to Identify successful ventures/businesses on each approach based on the given requirements. Cat, Pig and Frog The CAT To Start. Be a copycat Nothing is purely original everything is based on something existing The PIG Piggy Back Build upon existing trends, technologies and even companies! The FROG LeapFrog! Pushing the boundaries of what is known, possible and even allowed. CAT: Find a successful venture and a successful copycat. In what way did the copycat improve on the original venture? Ex. Successful venture: APPLE Copycat: ΧIΑOM Xiaomi's user interface is remarkably similar to Apple. Xiaomi has long been accused of copying Apple but in recent years its design seemed to develop a little more independence than before. On the latest product of both company, Xiaomi equips its device with a1.5-fold better battery than Apple and a dual 12MP+5MP…Describe the significance of Innovation Management?How can a firm ensure that the innovation strategy aligns with the broader strategic goals of an organization, and what techniques can a firm use to achieve this alignment?