Advantages of Innovation Management and discuss atleast 5-6 points
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Advantages of Innovation Management and discuss atleast 5-6 points
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- Define the term Core Innovation?Provide an introduction to Bill Gates Speech at Harvard (part 1) by DHK123, Scott Berkun Lecture: The Myths of Innovation by Carnegie Mellon University, Prahalad @ MSM Opportunities at Bottom of the Pyramid 1/6 by MaasSchoManage, Frank Piller(RWTH/MIT): Innovation and Mass Customization by Cyledge and How can we better understand customers? by Google. Provide an analysis of your understanding from these videos. Follow the analysis with alternatives that are applicable to the analysis formulated. What are the assumptions that can be made from reviewing the videos? Provide recommendations to implement innovation as part as common practice. Next, how would you implement the recommendations? Provide lessons learned and conclusion.Explain the difference between the two types of innovation relating to scope: ‘component’ and ‘system’ innovation.
- Design an innovation product from the existing product of your choice and identify its 4 P's.What are the 10 necessary & relevant major items for the innovation pillar and justify each of the 10 major itemsCompare 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
- Described the Benefits of Innovation Management. Answer in detailsWhat is innovation management and its advantagesSter-Kinekor operates in an environment that is currently being disrupted by the COVID-19 pandemic as well as streaming services such as Netflix and Amazon Prime. Compare the brands current “innovative characteristics” to that of a competitor; • Discuss innovation drivers for the brand and its competitor and indicate the difference between them; • Identify innovation barriers and enablers within Ster Kinekor.
- Instructions Brainstorm ideas for 15 potential problems or areas of need or improvement that could be solved through innovation.Explain the Disruptive Innovation Model by Christensen (1997, 2015). Support your explanation with an example from an industry of your own choice.Explain each base on the picture. strengths of disruptive innovation limitations role of management accountant