Define Technological trajectory:
path tech follows through time to solve a problem
Name 6 types of innovaiton:
1- Product
2-Process
3-management 4-business
5-radical 6- incremental
Define product innovation:
embodied in the outputs of an org- its goods
Define process innovation:
way an org conducts its business such as producing or marketing goods and services
Define management innovation:
invention and implementation of a management practice, process, structure, or technique
ex. Total Quality Management
Types of innovation can be ____
interchangable
Define radical innovation:
degree to which it is new and different from previously existing products
Define incremental innovation:
involve minor change from existing products
Radicalness is relative to the ______
observer
What is an example of radical innovation
John cage imaginary landscape- sound beeps, 1939-
Why is electronica so big now?
Free distribution on internet
*Embraced sharing
*Produce content
*Most duds, but 1 breakout hit
*Accumulate fans
Tomorrowland
Boom, Belgium
Define competence enhancing:
build on org existing knowledge
Define competence destroying:
renders an organization’s existing competencies
obsolete
Define component innovation:
(modular innovation) changes to one or more components of a product system without significantly affecting the overall design
Define Architectural innovation:
changing the overall design of the way components interact
Upgrading phone camera without changing phone design is an example of
component innovation
Moving from computers to laptops is an example of
Architectural innovation
Technology s curves show
(1) rate of a
technology’s
improvement
* (2) rate of diffusion to
the market
Why would a technology s curve not reach its limits?
May be displaced by new, discontinuous
technology.
* fulfills a similar market need by
means of an entirely new
knowledge base.
* may initially have lower
performance than incumbent
technology.
Define sustaining innovation:
focus on high end,
incremental product innovations
demanded by mainstream customers = $
define disruptive innovation
initially lower performance but overtakes and create new value on market eventually , becomes cheaper and simpler
Define innovators dilemma:
stick with sustaining innovation= $ in short run verses move to disruptive innovation=$$$ in long run
What was the alternative to the horse manure crisis?
First gas-powered American mass produced
automobile
RADICAL TECHOLOGICAL INNOVAITON
The Duryea was sustainning innovation because:
Marketed to
wealthy,
incremental
improvements
