Where would you expect to see product innovation ideas in the process development process? Conceptualization Planning Product concepts Ob Oc Od Commercialization
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- Discuss what the main purposes of innovation portfolio management are. In your answer explain the differences between ‘creativity’ and ‘innovation’ and the importance of each concept for organisations. Discuss which concept ‘design thinking’ fit into?e. What are some of the emerging trends and technologies that are likely to shape the future of innovation management?1. What is the difference between innovation and invention? 2. To what extent does each of these impact or influence the competitive advantage of an organisation?
- What is innovation management and its advantagesYou have to make your own mission,vision and goal of your dream innovation or businesses. after that, you have to analyze it using SMARTProvide 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.
- Discuss in detail what is Design Thinking? Why do we need Design Thinking? How will this help your startup?How can internet-based research be integrated into traditional product development?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.
- 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 managementIdentify the type of disruptive innovation represented by InvestSure. Justifyyour selection.Compare 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