Seminar presentation-innovation-slides
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This document summarizes a lecture on innovation and innovation management. It discusses the role and types of innovation, including product, process, position, and paradigm innovation. It also covers innovation management, noting it must be understood as a core organizational process and deal with complexity. Innovation depends on factors like the type of firm, its goals of survival, growth and profit. Managing innovation requires being systematic by developing routines. Key aspects include invention, technology, knowledge, uncertainty, and moving ideas from tacit to explicit knowledge.
Seminar presentation-innovation-slides
- 2. INTRODUCTORY SEMINAR LECTURE 7th May 2013 Leonard Raphael
- 3. The role of innovation What is innovation? What is innovation management?
- 4. The aim of innovation... Depends on the type of firm Goal is mostly to survive, to grow, to make profit R&D departments generally strive for the best technical solution... ... but what matters for innovation is how it influences survival chances, profit and growth opportunities!
- 5. Innovation management..... Has to be understood as a core process of the organisation -> It is related to what is being produced Is a long term race Is about continuity Has to deal with complexity!! Is about being systematic developing routines around innovation
- 6. Invention Technology Innovation Creating new or improved products, processes and services Knowledge and learning Uncertainty
- 7. An ’invention’ is an idea, a sketch or model for a new or improved device, product, process or system. It has not yet entered to economic system, and most inventions never do so. An ’innovation’ is accomplished only with the first commercial transaction involving the new product, process, system or device. It is part of the economic system.
- 8. Product innovation: changes in the things (products or services) which an organisation offers Process innovation: changes in the ways in which they are created an delivered Position innovation: changes in the context in which the product or services are introduced Paradigm innovation: changes in the underlying mental modes which frame what an organisation does The ‘4Ps’ of innovation
- 9. According to the degree of codification: Information to tacit knowledge Wisdom Tacit knowledge Explicit Knowledge Information Data Tacit Codified
- 10. ©2005 Joe Tidd, John Bessant and Keith Pavitt
- 11. ©2005 Joe Tidd, John Bessant and Keith Pavitt
- 12. Patents & copyrights Scientific papers Scientific papers Trade secrets Trade secrets Shared expertise Codification Property D isclosure Completely tacit Fully codifiablePrivately ow ned Public Restricted access Fully disclosed Know ledge product space Source: David y Foray (1994)
- 13. New market emerges New technology emerges New political rules emerge Running out of road Change in market sentiment or behaviour Deregulation or reregulation Fractures along ’fault lines’ Unthinkable events Business model innovation Shifts in techno-economic paradigm Architectural innovation
- 14. Type of sector Size of firm The country and region The stage in the industry life cycle Political regulations
- 15. Globalisation Sustainability Networking organisation
- 16. The transitional phase A dominant design Convergence around one design Rolling bandwagon → innovation channeled around a core set of possibilities → a technological trajectory Imitation and development Reliability, cheaply, higher functionality, quality The specific phase Rationalisation & scale economies Differentiation through customisation Scope for innovation becomes smaller
- 17. Different kind of innovations Context specific Innovation has different stages Knowledge is the key