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Flashcards and summaries for Technology and Innovation Management SS19 at the TU München

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Innovation strategy is composed of four elements. They are...

Innovation strategy, innovative capabilities, innovation process, resources for innovation

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Resources for innovation

financial resources, human resources, technological resources(both physical and intellectual), marketing resources, organizational resources (routines, procedures), networking resources

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Four innovation capabilities are:

searching, selecting, configuring, deploying

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learning, improving the performance of innovation process through experimentation and experience is....

meta level innovation capability

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what are the percieved attributes of innovation?

1. RElative advantage 2. Compatiblity 3. COmplexity 4. Triablity 5. Observability

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Innovation is the use of new knowledge to offer a new product or service that

customers want.

What forms of knowledge exist?

1) Technological knowledge:

-> is knowledge of components, linkages between components, methods, processes, and techniques that go into a product or service

2) Market knowledge:

-> is knowledge of distribution channels, product applications, and customer expectations, preferences, needs, and wants

-> not only products/services but also new knowledge can be innovative

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What is the organizational view and what is radical and what is incremental innovation in this certain view?

-> the extent to which innovation impacts a firm´s capabilities

1) Incremental innovation:
-> the knowledge required to to offer a product builds on existing knowledge
-> competence enhancing
-> Most innovations are incremental

2) Radical innovation:
-> very different form existing knowledge
-> existing knowledge is obsolete
-> competence destroying

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State the four stages of the S-curve

Emergence
Rapid imrovement
Declining improvement
Maturity

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State the phases of the product life cycle?

Fluid
Transitional
Specific

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what are the states of innovation in the product life cycle

Fluid: Frequent major product changes
Transitional: Major process changes required by rising demand
Specific: Incremental for product and cumulative and improvements

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what are the states of products in the product life cycle?

Fluid: Diverser design often customised
Transitional: one product design stable enough for volume
Specific: Mostly undiffrentiated standard products

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what are the scales of plant in the product life cycle

Small scale, located near user
General purpose with specialised sections
large scale, highly specific to product

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Technology and Innovation Management SS19 at TU München

Flashcards and summaries for Technology and Innovation Management SS19 at the TU München

Study with flashcards and summaries for the course Technology and Innovation Management SS19 at the TU München

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Other courses from your degree program

Information Management

Technologie und Innovationsmanagement

Strategic and International Management

technisches Management

Organisation und Innovationsmanagement

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Technology and Innovation Management SS19 at TU München

Flashcards and summaries for Technology and Innovation Management SS19 at the TU München

Study with flashcards and summaries for the course Technology and Innovation Management SS19 at the TU München

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Information Management

Technologie und Innovationsmanagement

Strategic and International Management

technisches Management

Organisation und Innovationsmanagement

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