Innovation & Entrepreneurship at University Of Twente | Flashcards & Summaries

Select your language

Suggested languages for you:
Log In Start studying!

Lernmaterialien für Innovation & Entrepreneurship an der University of Twente

Greife auf kostenlose Karteikarten, Zusammenfassungen, Übungsaufgaben und Altklausuren für deinen Innovation & Entrepreneurship Kurs an der University of Twente zu.

TESTE DEIN WISSEN
What are the three perspectives of innovation?
Lösung anzeigen
TESTE DEIN WISSEN
1 Innovation as Outcome (product/service)
2 Innovation as process (how to come up with innovation/ R&D)
3 Innovation as capability (ability to come up with innovation/ skills, mindset)
Lösung ausblenden
TESTE DEIN WISSEN
What are the four types of innovation?
Lösung anzeigen
TESTE DEIN WISSEN
1 Position/ Market - innovate by targeting new market (Apple, Hägen dasz) 
2 Process - innovate an existing process (Ikea, automatic baggage drop off)
3 Paradigm - innovate by changing an existing business model (Uber, Ryanair)
4 Product/Service - innovate by improving an existing product (Swapfiets/Netflix)
Lösung ausblenden
TESTE DEIN WISSEN
What is the difference between radical and disruptive innovation?
Lösung anzeigen
TESTE DEIN WISSEN
  • Disruptive: companies challenge existing firms due to innovative processes etc
  • radical: creation of new knowledge & commercialization of new ideas 
Lösung ausblenden
TESTE DEIN WISSEN
What are the challenges in an ambidextrous strategy.
Lösung anzeigen
TESTE DEIN WISSEN
  • exploration and exploitation compete for the same resources (employees, management etc) 
  • companies tend to focus on one bit thats not good 
  • focus on exploration leads to the innovation trap by spending more money on unsuccessful innovations 
  • focus on exploitation leads to efficiency trap by only focusing on short-term success and not thinking long-term 
Lösung ausblenden
TESTE DEIN WISSEN
What is the Gartner-Hype-Cycle?
Lösung anzeigen
TESTE DEIN WISSEN
  • Graphic representation of maturity and adoption of technologies & applications 
  • shows how they could be relevant to solving real business problems and exploiting new opportunities 
➡️ helps firms to decide if they want to join and new trend and when 
➡️ You can be innovation leader or innovation follower 
➡️ Tells managers about future technological evolvements 


Lösung ausblenden
TESTE DEIN WISSEN
What are the three main innovation strategies?
Lösung anzeigen
TESTE DEIN WISSEN
1. market-customer-oriented innovation strategy 
  • be innovation leader or innovation follower 
2. ambidexterity - exploring and exploiting 
  • balance between short and long term goals: exploit activities now and at the same time explore new possibilities
3. open or closed innovation strategy 
  • open: collaborates with partners - more knowledge and share resources 
  • closed: develops everything only in own R&D 
Lösung ausblenden
TESTE DEIN WISSEN
What are the three types of innovation pt.2
Lösung anzeigen
TESTE DEIN WISSEN
1. product, service & process innovation 
2. market, technological & business model innovation 
  • market: new and better potential markets or ways to serve them 
  • technology: discontinuities in technology 
  • business model: new way of earning money with existing product/service 
3. social innovation & frugal innovation 
  • social: aims to solve societal problem
  • frugal: kind of social innovation to reduce complexity & costs of production 
Lösung ausblenden
TESTE DEIN WISSEN
How can you measure Innovation Performance?
Lösung anzeigen
TESTE DEIN WISSEN
  • Look at company - strategy, innovation culture, R&D activities, financial performance 
  • Look at context - market, network, market environment 
  • Look at product/services innovations 

—> measuring is complex and depends on ranking criteria 
Lösung ausblenden
TESTE DEIN WISSEN
How can innovation performance be measured?
Lösung anzeigen
TESTE DEIN WISSEN
Look at the output of: 
  • number of new products/services/processes
  • financial success of these new things 
Lösung ausblenden
TESTE DEIN WISSEN
How can you define Innovations?
Lösung anzeigen
TESTE DEIN WISSEN
1 Judge the Rigorousness of the Innovation 
2 Judge the Newness of the Innovation 
Lösung ausblenden
TESTE DEIN WISSEN
What are the main challenges in innovation management?
Lösung anzeigen
TESTE DEIN WISSEN
1. its an individual-driven process: requires managing human capital 
2. requires networking with other partners: stakeholder complexity 
3. organization needs adaptive, agile & flexible structures 
4. have the right balance between chaos & order: be able to do routine activities (order) and promote disruptive activities (chaos) 

lean start-up method to drive innovation and have a strong management that gives guidance but also enough space to do disruptive thinking 
Lösung ausblenden
TESTE DEIN WISSEN
What are leadership characteristics to manage ambidexterity?
Lösung anzeigen
TESTE DEIN WISSEN
  • Develop overarching identity: should be appealing to both units or activities 
  • hold tension at the top: management sets priorities and divides resources between the activities 
  • embrace inconsistency: have flexible managers and flexible treatment of the people and activities, since things can change all the time 
Lösung ausblenden
  • 15951 Karteikarten
  • 231 Studierende
  • 1 Lernmaterialien

Beispielhafte Karteikarten für deinen Innovation & Entrepreneurship Kurs an der University of Twente - von Kommilitonen auf StudySmarter erstellt!

Q:
What are the three perspectives of innovation?
A:
1 Innovation as Outcome (product/service)
2 Innovation as process (how to come up with innovation/ R&D)
3 Innovation as capability (ability to come up with innovation/ skills, mindset)
Q:
What are the four types of innovation?
A:
1 Position/ Market - innovate by targeting new market (Apple, Hägen dasz) 
2 Process - innovate an existing process (Ikea, automatic baggage drop off)
3 Paradigm - innovate by changing an existing business model (Uber, Ryanair)
4 Product/Service - innovate by improving an existing product (Swapfiets/Netflix)
Q:
What is the difference between radical and disruptive innovation?
A:
  • Disruptive: companies challenge existing firms due to innovative processes etc
  • radical: creation of new knowledge & commercialization of new ideas 
Q:
What are the challenges in an ambidextrous strategy.
A:
  • exploration and exploitation compete for the same resources (employees, management etc) 
  • companies tend to focus on one bit thats not good 
  • focus on exploration leads to the innovation trap by spending more money on unsuccessful innovations 
  • focus on exploitation leads to efficiency trap by only focusing on short-term success and not thinking long-term 
Q:
What is the Gartner-Hype-Cycle?
A:
  • Graphic representation of maturity and adoption of technologies & applications 
  • shows how they could be relevant to solving real business problems and exploiting new opportunities 
➡️ helps firms to decide if they want to join and new trend and when 
➡️ You can be innovation leader or innovation follower 
➡️ Tells managers about future technological evolvements 


Mehr Karteikarten anzeigen
Q:
What are the three main innovation strategies?
A:
1. market-customer-oriented innovation strategy 
  • be innovation leader or innovation follower 
2. ambidexterity - exploring and exploiting 
  • balance between short and long term goals: exploit activities now and at the same time explore new possibilities
3. open or closed innovation strategy 
  • open: collaborates with partners - more knowledge and share resources 
  • closed: develops everything only in own R&D 
Q:
What are the three types of innovation pt.2
A:
1. product, service & process innovation 
2. market, technological & business model innovation 
  • market: new and better potential markets or ways to serve them 
  • technology: discontinuities in technology 
  • business model: new way of earning money with existing product/service 
3. social innovation & frugal innovation 
  • social: aims to solve societal problem
  • frugal: kind of social innovation to reduce complexity & costs of production 
Q:
How can you measure Innovation Performance?
A:
  • Look at company - strategy, innovation culture, R&D activities, financial performance 
  • Look at context - market, network, market environment 
  • Look at product/services innovations 

—> measuring is complex and depends on ranking criteria 
Q:
How can innovation performance be measured?
A:
Look at the output of: 
  • number of new products/services/processes
  • financial success of these new things 
Q:
How can you define Innovations?
A:
1 Judge the Rigorousness of the Innovation 
2 Judge the Newness of the Innovation 
Q:
What are the main challenges in innovation management?
A:
1. its an individual-driven process: requires managing human capital 
2. requires networking with other partners: stakeholder complexity 
3. organization needs adaptive, agile & flexible structures 
4. have the right balance between chaos & order: be able to do routine activities (order) and promote disruptive activities (chaos) 

lean start-up method to drive innovation and have a strong management that gives guidance but also enough space to do disruptive thinking 
Q:
What are leadership characteristics to manage ambidexterity?
A:
  • Develop overarching identity: should be appealing to both units or activities 
  • hold tension at the top: management sets priorities and divides resources between the activities 
  • embrace inconsistency: have flexible managers and flexible treatment of the people and activities, since things can change all the time 
Innovation & Entrepreneurship

Erstelle und finde Lernmaterialien auf StudySmarter.

Greife kostenlos auf tausende geteilte Karteikarten, Zusammenfassungen, Altklausuren und mehr zu.

Jetzt loslegen

Das sind die beliebtesten Innovation & Entrepreneurship Kurse im gesamten StudySmarter Universum

Financing Innovation and Entrepreneurship

Copenhagen Business School

Zum Kurs
Financing Innovation & Entrepreneurship

Copenhagen Business School

Zum Kurs
Innovation and Entrepreneurship

IU Internationale Hochschule

Zum Kurs
Entrepreneurship

Nigerian Turkish Nile University

Zum Kurs

Die all-in-one Lernapp für Studierende

Greife auf Millionen geteilter Lernmaterialien der StudySmarter Community zu
Kostenlos anmelden Innovation & Entrepreneurship
Erstelle Karteikarten und Zusammenfassungen mit den StudySmarter Tools
Kostenlos loslegen Innovation & Entrepreneurship