Innovation paper for BARCODES AND SCANNER
manu143
WJUInnovation101UsedforVIdeo2.pptx
`
Innovation 101
BUS510
1
`
Assignment
Review
This is an APA format paper.
Minimum six pages of body, grammar excellence is required. Title page and references are mandatory.
Discuss the chosen innovation (maximum 1 page).
Discuss the ”Innovation Type(s)” that you would label your innovation and expand on why.
Discuss the “Innovation Skills” used in creating the innovation and expand on why.
Discuss the “Creation Category” for the innovation and expand on why.
Discuss the cultural, economic, and social impacts observed in researching the innovation
Innovation Paper
2
To change out background image. Click on image directly below this box, press delete, select icon in the middle of the box that appears. You may have to move or hide the semi-transparent box to the right. navigate to your image and replace.
`
Innovation
everywhere
Innovation Is a Hot Topic
Many Models Exist
Focus on Core Ideas & Then Expand
3
Foundational work
”Types” of innovation
Innovator “skills”
Focus of this course discussions
Economic evolution
Creative destruction
Pioneers in Innovation
Joseph Schumpeter
Application of innovation theory to contemporary 5th Era (technology) topics
Clayton Christensen
Matthew Merle & Allison Davis
4
Types of Innovation
Innovation that is a result of research that opens a new market through discovery or mass production.
Click on these icons and change the colors of them by right clicking on top of the section of the graphic and choosing format shape. From there you can change the color.
Innovation that opens up a new market to previously excluded entities.
AKA Iterative
AKA Routine
The constant improvement of existing products, processes, or technologies.
Innovation that disrupts the status quo potentially changing a market and / or putting legacy companies or products out of business. Disruption can also impact culture overall.
Many innovations are a hybrid of research and breakthrough or disruptive and sustaining over time.
Most long term innovations can be described as each type through a process of evolution.
“hybrid” could also be considered in the event of a “:mashup” like IoT.
Breakthrough
- Innovation -
Research
- Innovation -
Sustaining
- Innovation -
Disruptive
- Innovation -
Hybrid / Evolution
- Innovation -
HBR – Christensen, Satell, & more…
Examples
Cloud Computing
iPhones
New Car Models
The Internet Sports Drinks Velcro
Printing Press
Google Maps
Automobile
Smart Phones
Blockchain
5
Innovation Skills
Most innovators are intense observers. They carefully watch the world around them, and as they observe how things work, they often become sensitized to what doesn’t work.
They may also observe that people in a different environment have found a different—often superior—way to solve a problem.
They connect common threads across unconnected data, which may provoke uncommon business ideas..
Click on these icons and change the colors of them by right clicking on top of the section of the graphic and choosing format shape. From there you can change the color.
Business innovators actively try out new ideas by creating prototypes and launching pilot tests.
The world is their laboratory.
They try out new experiences
They understand that the other skills provide data about the past but experimenting is best suited for what might work in the future.
Questioning is how innovators do their work.
It is the creative catalyst for the other discovery behaviors: observing, networking, and experimenting.
Innovators ask lots of questions to better understand what is and what might be.
The inking of ideas in your area of knowledge with those of others outside your sphere.
Innovators gain a radically different perspective when they devote time and energy to finding and testing ideas through a network of diverse individuals.
Associating—or the ability to make surprising connections across areas of knowledge .
Innovators actively pursue diverse new information and ideas through questioning, observing, networking, and experimenting—the key catalysts for creative associations.
Experimenting
- Skill -
Observing
- Skill -
Questioning
- Skill -
Networking
- Skill -
Associative Thinking
- Skill -
Christensen
When you step into an intersection of fields, disciplines, or cultures, you can combine existing concepts into a large number of extraordinary new ideas.
When you step into an intersection of fields, disciplines, or cultures, you can combine existing concepts into a large number of extraordinary new ideas.
6
In the cultural approach to creating, we express personal experience and artistic inclination in forms—like new books, musical compositions, or choreographies—that may eventually change how people think and live.
Cultural creation happens on a less specific time frame than commercial creation does.
Cultural creating can cost almost anything, and while creators sometimes reap profits, their returns are generally less tangible.
The goal of cultural creation tends to be personal, with reward deriving from the expression itself.
Creation Categories
Cultural Creation
Commercial Creation
In the commercial approach, we try to discover and meet a consumer or public need before anyone else does, so that we profit, and the world profits.
Commercial creating is competitive, like a sport, with success supported by some combination of scientific discovery, technological mastery, commercial expertise, and reasonably free markets.
The commercial model, by which we might create a new airplane or an original kind of shoe, requires significant resources and aims to pay these resources back in the span of a few years.
7
`
Wrap Up
Reading Before the Class Meeting
Innovation Skills and Types
Creation Categories
Assignment Review
Seeds for Discussion When We Meet
Review with Discussion
More on Corporate Challenges
Discussion on Establishing a Culture of Innovation
8
