MBA 580 5-1 Sample File
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5-1 Report: Process for Managing Innovation
John Doe
Southern New Hampshire University (SNHU
MBA-580-Q1759 Innov/Strat High-Perform Orgs
Professor: X 1/1/2030
5-1 Report: Process for Managing Innovation 2
Managing Innovation:
All organizations need a process that can take its ideas from inception to product implementation. Many innovative processes can be incorporated based on the goals of an organization. The importance of a company's capability to remain innovative allows the company to incorporate new products better while addressing customer needs to increase its market share. The stage-gate, agile, lean, and discover-iterate-pivot strategies are the strategies that our company must fully understand to allow our company to choose the process that best suits our company’s vision as well as allow us to meet the continuous changes and demands found in the autonomous auto-industry.
Stage-gate: The Stage-Gate process is a structured 5 stage approach that guides a project from inception(idea) to product launch. The 5 stages within the process are designed so that each
stage is intended to gain buy-in and understanding from stakeholders to ensure the project can proceed to the next phase for success (Asana, 2023).
Agile: The agile process is a collaborative approach in which a company can think about and structure its product development cycle (Scaled Agile, Inc., 2023). Agile Innovation methodology incorporates all departments within a company to ensure the primary focus is on the commitment to innovation to increase growth within the product development cycle. Within the agile framework, there is a reliance on continuous feedback, improvements, and adaptations to ensure the collaborative teams can promptly respond and adapt to constant market changes and ensure customer needs are met.
Lean: The lean innovation framework primarily focuses on efficiency methods through customer feedback to minimize as much waste as possible in the early stages of the product
5-1 Report: Process for Managing Innovation 3
development cycle. Within the lean framework it prioritizes and encourages experimentation instead of long-drawn-out planning methodologies and places a higher emphasis on incremental as well as continuous improvements throughout the product cycle (
Joubert, 2023). Discover-iterate-pivot
: The discover-iterate-pivot process is one that is usually found within startups and entrepreneurial environments (Cummings (2011). This innovation process places a high emphasis on experimenting while allowing for continuous learning and adaptations. The process begins with an initial idea. It involves starting with an initial idea, experimenting with the idea, gathering as well as analyzing feedback to look to improve the innovation process. Within the process a company can decide to pivot or change its innovative process strategy. Innovative process recommendation: Based on the provided information, the most suitable process is going to be agile. Agile is a team-based methodology that can better allow the company to constantly adapt to the ever-changing business circumstances and conditions within the auto-industry. The Agile Innovation Process will address these changes by simplifying projects into more manageable tasks. These tasks will be consistently reviewed to assess and adapt the most efficient ways of completing each task while accounting for market demand both internally and externally. Cross-functional team effectiveness:
In our industry we must understand the importance of effectively selecting cross-
functional teams to ensure we are able to achieve success within the organization. The cross-
functional team will be comprised of employees from different departments/functional areas to
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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…
arrow_forward
Identify the type of disruptive innovation represented by InvestSure. Justifyyour selection.
arrow_forward
Choose your healthcare facility, system, organization, etc. to develop a strategic plan that addresses the following components:
Mission statement
Vision statement
Core values
SWOT analysis
Grand strategies or long-term strategic priorities
The operational and tactical plans
Key performance and evaluation indicators
Change management plan, which includes the following:
The size of the change and its impact on the community and the organization
Organization's readiness for change
Change management strategy.
Team structure and responsibilities
Sponsor roles and responsibilities
Planning and implementation
Communications plan
Change management resistance plan.
Training plan
Incentives and celebrating successes.
Timeline/schedule of activities
Budget for change management
arrow_forward
Select an organization from the following list – that you feel demonstrates sustained innovation. Find information about the organization – you may wish to interview employees, or do some primary-source research about the organization (e.g. through company reports). It is okay to focus on only one innovative aspect of an organization which, in other respects, is not innovative. Describe what identifies that organization or part of that organization as innovative in your estimation. Write a formal paper describing what contributed to that organization being innovative. Identify underlying concepts, techniques, and processes that sets this innovative organization apart from other similar organizations. Provide hypothetical arguments or generalizations as to why you feel this organization is innovative, based on both the innovative blocks they avoid and the organizational attributes they demonstrate. Your paper should be 1,000 words, excluding the title page and reference page. The paper…
arrow_forward
Read the following articles along with this week’s lecture and the associated chapters:
The Role of Stimulating Employees' Creativity and Idea Generation in Encouraging Innovation Behaviour in Irish Firms
Leading into the Next Frontier
Using these articles and other resources, develop a plan to create a culture where creativity and adaptability is embraced. In doing so, be sure to address the following in your plan:
The four aspects of stimulating creativity
The three fundamental skills involved in cultivating adaptability
How you plan will provide opportunities for upcoming leaders.
arrow_forward
Discuss the following and give example each:
1. Strategic Innovation
2. Design Thinking
arrow_forward
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.
arrow_forward
Disruptive Innovation
Kodak's Downfall Wasn't
About Technology
by Scott D. Anthony
July 15, 2016
X
f
in
Σ
Post
Post
Share
Save
Buy Copies
Print
Harvard
Business
Review
A generation ago, a “Kodak moment" meant something that was worth
saving and savoring. Today, the term increasingly serves as a corporate
bogeyman that warns executives of the need to stand up and respond
when disruptive developments encroach on their market.
Unfortunately, as time marches on the subtleties of what actually
happened to Eastman Kodak are being forgotten, leading executives to
draw the wrong conclusions from its struggles.
Given that Kodak's core business was selling film, it is not hard to see
why the last few decades proved challenging. Cameras went digital and
then disappeared into cellphones. People went from printing pictures to
sharing them online. Sure, people print nostalgic books and holiday
cards, but that volume pales in comparison to Kodak's heyday. The
company filed for bankruptcy protection…
arrow_forward
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.
arrow_forward
Discuss at least 5-6 points on the advantages of innovation management.
arrow_forward
innovation managememnt question _ 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?
arrow_forward
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.
FROG:
Identify a sucesful venture thatleaps beyond the currnt ventures
Ex GRAB TAXI
The unique idea of eaty boking frtaisevices hasben one f themostsucesu develoment in tefed f ronsportatin. Using boking apicatin,i is
eosier to fnd customers as wel sto find a tai. Thisventue was hugely occepted in the market creating big in businesstechnology.
arrow_forward
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.
arrow_forward
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.
arrow_forward
Step 1): Make a Business Model Canvas out of your mind about anything .
Step 2):Please do not write definitions of a Business Model Canvas.
Step 3):Virtual tourism, online diagnosis and treatment, distance education, digital products, choose any ideas of these
arrow_forward
Louw and Venter (2019) refer to various seminal theories of innovations, including the technology S-curve and disruptive innovation.
Elaborate on the aspects of the technology S-curve and disruptive innovation theory in the context of strategic management
arrow_forward
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?
arrow_forward
Firms built on a structure of
look
beyond their own research and development
capabilities to solve problems
O open innovation
O profit and loss
O bottom line
research and development
arrow_forward
List the various approaches used by the companies to keep innovationstrong?
arrow_forward
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)
arrow_forward
Gray Electric is a company with a long tradition of innovation. In 1973, they invented the world's first cellular phone and spent many years trying to understand how this new technology would impact their existing business. Gray Electric was in a position to become the first company in the world to develop and market a cell phone, but the upper management of Gray Electric had become complacent with making corded phones and could not imagine a world without landline phones. Because they had been the industry leader for decades and had faced very little competition along the way, the culture of Gray Electric had become rule-oriented and placed a high value on stability. Upper management decided that producing cell phones would only hurt their landline phone sales and quickly abandoned their cell phone endeavour. In 1987, they realized what a bad mistake they had made. Sales of their landline phones were decreasing drastically every year, and Gray Electric was losing money and cutting…
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"Radical innovation cannot be too radical if we want it to be commercially successful." Argue either in favor of or against this statement?
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Identify and provide evidence of how important innovation is for your customers and market. Discuss your company/brands’ innovation strategy or if they need one in relation to your target market’s expectations now and in the future.
COMPANY: CROCS
COMPETITORS: NIKE AND ADIDAS
arrow_forward
Identify if there are any innovation barriers or enablers within Yahoo as a business by comparing it to the leading competitor. e.g Google
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- 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…arrow_forwardIdentify the type of disruptive innovation represented by InvestSure. Justifyyour selection.arrow_forwardChoose your healthcare facility, system, organization, etc. to develop a strategic plan that addresses the following components: Mission statement Vision statement Core values SWOT analysis Grand strategies or long-term strategic priorities The operational and tactical plans Key performance and evaluation indicators Change management plan, which includes the following: The size of the change and its impact on the community and the organization Organization's readiness for change Change management strategy. Team structure and responsibilities Sponsor roles and responsibilities Planning and implementation Communications plan Change management resistance plan. Training plan Incentives and celebrating successes. Timeline/schedule of activities Budget for change managementarrow_forward
- Select an organization from the following list – that you feel demonstrates sustained innovation. Find information about the organization – you may wish to interview employees, or do some primary-source research about the organization (e.g. through company reports). It is okay to focus on only one innovative aspect of an organization which, in other respects, is not innovative. Describe what identifies that organization or part of that organization as innovative in your estimation. Write a formal paper describing what contributed to that organization being innovative. Identify underlying concepts, techniques, and processes that sets this innovative organization apart from other similar organizations. Provide hypothetical arguments or generalizations as to why you feel this organization is innovative, based on both the innovative blocks they avoid and the organizational attributes they demonstrate. Your paper should be 1,000 words, excluding the title page and reference page. The paper…arrow_forwardRead the following articles along with this week’s lecture and the associated chapters: The Role of Stimulating Employees' Creativity and Idea Generation in Encouraging Innovation Behaviour in Irish Firms Leading into the Next Frontier Using these articles and other resources, develop a plan to create a culture where creativity and adaptability is embraced. In doing so, be sure to address the following in your plan: The four aspects of stimulating creativity The three fundamental skills involved in cultivating adaptability How you plan will provide opportunities for upcoming leaders.arrow_forwardDiscuss the following and give example each: 1. Strategic Innovation 2. Design Thinkingarrow_forward
- 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.arrow_forwardDisruptive Innovation Kodak's Downfall Wasn't About Technology by Scott D. Anthony July 15, 2016 X f in Σ Post Post Share Save Buy Copies Print Harvard Business Review A generation ago, a “Kodak moment" meant something that was worth saving and savoring. Today, the term increasingly serves as a corporate bogeyman that warns executives of the need to stand up and respond when disruptive developments encroach on their market. Unfortunately, as time marches on the subtleties of what actually happened to Eastman Kodak are being forgotten, leading executives to draw the wrong conclusions from its struggles. Given that Kodak's core business was selling film, it is not hard to see why the last few decades proved challenging. Cameras went digital and then disappeared into cellphones. People went from printing pictures to sharing them online. Sure, people print nostalgic books and holiday cards, but that volume pales in comparison to Kodak's heyday. The company filed for bankruptcy protection…arrow_forwardOften, 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.arrow_forward
- Discuss at least 5-6 points on the advantages of innovation management.arrow_forwardinnovation managememnt question _ 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?arrow_forwardThe 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. FROG: Identify a sucesful venture thatleaps beyond the currnt ventures Ex GRAB TAXI The unique idea of eaty boking frtaisevices hasben one f themostsucesu develoment in tefed f ronsportatin. Using boking apicatin,i is eosier to fnd customers as wel sto find a tai. Thisventue was hugely occepted in the market creating big in businesstechnology.arrow_forward
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