1 Jack Welch famously said* "Shun the incremental; go for the quantum leap"; thequantum leap being what is commonly referred to as "radical" innovation.Which option do you think is better for a company today -- radical (discontinuous)or incremental (continuous) innovation? Explain your answer and illustrate withreal-life examples. FYI, there are no "absolute" right or wrong answers, but youneed to justify your answer.

Production management is the aspect that deals with all the activities and functions of the…

Answered: Jack Welch famously said "Shun the…

Principles of Management

OER 2019th Edition

ISBN:9780998625768

Author:OpenStax

Publisher:OpenStax

Chapter18: Management Of Technology And Innovation

Section: Chapter Questions

Problem 3CRQ: What are the five Cs of managing innovation, and how do they help direct a firms innovation...

See similar textbooks

Similar questions

Part One: Indicate whether the following sentences are true or false: levels of innovation can be classified as incremental/radical innovation or sustaining/discontinuous innovation. Incremental /radical innovation focuses on the newness and impact of innovation.
What is a discontinuous innovation, dynamically continuous innovation, and continuous innovation, respectively? How would you characterize Uber as an innovation using the aforementioned terms? How is Apple’s Watch characterize in innovation terms? How would you characterize Tide’s laundry detergent pods? Why?
Big or small companies across all industries or aspects are crowdsourcing product regarding innovation plans since tapping into a breadth of sources— both inside and outside the company—can produce unexpected and powerful new ideas. So, please find two crowdsourcing campaign that a company, from anywhere across the world, has used within the past two years (current year: 2021). Were they successful? Elaborate each comprehensively. Not satisfied means downvote! so answer carefully and essentially.
Big or small companies across all industries or aspects are crowdsourcing product regarding innovation plans since tapping into a breadth of sources— both inside and outside the company—can produce unexpected and powerful new ideas. Do find two crowdsourcing campaign that a company, from anywhere across the world, has used within the past two years (current year: 2021). Were they successful? Elaborate each crowdsourcing campaign comprehensively. NOTE! I need a specific crowdsourcing campaign example and not define crowdsourcing! Not satisfied means downvote! so answer carefully and essentially!!!!!!!!!!!!!!!!!!!
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.
"Creativity and innovation are both necessary to identify gaps in the market. Creativity is the point of origination for innovation; one must be creative to be innovative. Innovation refers to a better way of doing something new that is commercialised in the market. An innovation strategy builds on creativity, invention, and technologies, acting within a value network, to commercialise new products and services effectively for its customers (Dorf and Beyers 2008 cited in Venter, Urban and Rwigema 2018: 63)." With reference to the above statement, critically examine the elements of an attractive innovation strategy in an organisation.
Is this interpretation of innovation correct in your opinion? Should we consider innovationas a solution that has already been used somewhere, a good or a service available onanother market? Should only breakthrough solutions on a global scale be referred to asinnovation?
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)
Part One: Indicate whether the following sentences are true or false: One level of incremental / radical innovation concentrates on causing a fundamental transformation in the resulting products or services and transforming the market place and/or the economy as a whole.
Provide 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.
1. Among the reasons why innovation strategy is important to companies/organizations, as a future entrepreneur/manager, select only one (1) that should be the most compelling reason, and explain your answer and cite a concrete example. 2. Which specific industry or organization that the academic sector, for example, Central Luzon State University offering BS Entrepreneurship at the College of Business Administration and Accountancy, should have a collaboration and innovation network? Explain your answer in relation to the advantages of having an innovation network discussed by Innolytics. 3. Based on the several reasons why companies/organizations undertake research and development, select only one (1) and convey your insights to explain about it.
Compare and contrast Apple’s innovation development process with Kelley’s NPD process. Include how they incorporate the voice of the customer (VoC). When you develop a new product for this class or in the future, what process will you use? Why? http://thenextweb.com/apple/2012/01/24/this-is-how-apples-top-secret-product-development-process-works/#!x4Sx5 https://ecorner.stanford.edu/videos/product-development-process-observation/ https://ecorner.stanford.edu/videos/design-as-an-iterative-process/ https://blog.hubspot.com/service/voice-of-the-customer-methodologies

SEE MORE QUESTIONS

Recommended textbooks for you

Principles of Management

Management

ISBN:

9780998625768

Author:

OpenStax

Publisher:

OpenStax College

Management, Loose-Leaf Version

Management

ISBN:

9781305969308

Author:

Richard L. Daft

Publisher:

South-Western College Pub

Principles of Management

Management

ISBN:

9780998625768

Author:

OpenStax

Publisher:

OpenStax College

Management, Loose-Leaf Version

Management

ISBN:

9781305969308

Author:

Richard L. Daft

Publisher:

South-Western College Pub

SEE MORE TEXTBOOKS