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- What are the five Cs of managing innovation, and how do they help direct a firms innovation activities?What is open innovation? Using examples, explain the advantages & disadvantages of Open Innovation. [???? ?]Explain the 1st and 2nd picture. 1st pic: purpose of DISRUPTIVE INNOVATION how it works netflix's disruptive innovation 2nd pic: strengths limitations role of management accountant Please explain in essay form and in easy way like explaining to students. Thank you.
- Explaining the value of innovation management to business students is a good idea. What were the first three challenges you faced as a business?After we have discussed Disruptive Innovation, kindly make a research by finding 1 company local or international who adopted this kind of innovation and provide us the result of their innovation, Provide also us the background of the company as well, please don't just simply copy and paste but rather I appreciate your own version , Provide your answer in MS Word in no less than 500 word. Take note of the deadline.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.
- 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)DruckerSystematic innovation involves “monitoring seven sources for innovative opportunity” (Drucker, 1985, p. 35). The first fourare internally focused within the business or industry, in that they may be visible to those involved in that organization orsector. The last three involve changes outside the business or industry.Internally FocusedThe unexpected (unexpected success, failure, or outside events)The incongruity between reality as it actually is and reality as it is assumed to be or as it ought to beInnovation based on process needChanges in industry structure or market structure that catch everyone unawaresExternally FocusedDemographics (population changes)Changes in perception, mood, and meaningNew knowledge, both scientific and nonscientific Discuss the concept which deals with opportunity thinking anddesign thinking, analyse their concepts by providing specific examples and cite readings (e.g. articles,narrative, research) from reputable sources.Mr. Ahmed has approached you with a novel idea for the treatment of childhood eplepsy. As an innovation advisor, what are the possible challenges obout which you would like to advise him so that he can take this idea forward and make a difference in the society? Rubric SWAT Question1 Identify at least four key innovation management challenges associated with the area of innovation mentioned as per the situation in the question. and and discuss at least 4 of them
- Watch this video titled What Is Innovation? The Secret Formula to Success! by AJ&Smart. What are the valuable points that you got from watching that short video.What are the Advantages of innovation mangement?Listen to the How I Built This podcast episode "TOMS: Blake Mycoskie"Links to an external site. (56:12).2. Write a discussion post in which you do the following: Describe what you learned from this podcast about coming up with innovative ideas and developing them. Include the following: What did you learn about developing innovative ideas from the podcast? In retrospect, how might have you approached your innovation project for this class differently based on Blake's story? What was your biggest takeaway from the podcast that will help you in your professional life?