Preview

Assignment 1 Innovation Matrix

Powerful Essays
Open Document
Open Document
2257 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Assignment 1 Innovation Matrix
DUBAL
Innovation Matrix

Name: Mohamed Masood
ID: 20132170
Course: Creative and Innovation
Year: 2014 – 2015

Table of Contents
Executive Summary 2
Introduction 3
Business Innovation Process 4
Innovation Matrix 5
Analysis of Innovation 6
Initiators of Innovation 8
Organization’s Portfolio of Innovations 9
Problem Analysis and Measures 10
Conclusion 11
References 12

Executive Summary
The technological is a major turning point in the life of communities and nations, it was preceded by some communities and other nations in how much they benefited from this revolution, dropping advanced and sophisticated, rich and powerful actor. In countries which have taken advanced science and technology slogan used to discredit the bounties of developing countries, and the means used are new and innovative is not the counterparty earlier era. In addition, societies today live on a number of levels a lot of competition and rivalry and collision due to differences in the interests of individuals and peoples before, and are used in order to reach the goals in such areas a lot of effort and heavy time 's abundant and large amounts of money.
Hereby in my report, I will include the matrix of innovation and the implementation of this matrix in UAE organizations, with the benefits and advantages of innovation ideas to gain competitive advantages in the market. Regarding the changes that took place within modern societies included many levels dealing with all aspects of life. In order to meet the complex thorny situation and find solutions to intractable problems organizations need to be innovative.

Introduction
Innovation can be defined as new ideas and useful and connected to dissolve certain problems or assembly and re-installation of known patterns of knowledge in the form of a unique, not only innovation on the technical advances because it does not include the development of commodities and related processes and market preparation, but beyond also machinery, equipment and



References: Product Innovation This type of innovation includes wide area of innovation, the products are considered obvious innovation application, and according to Dyson (1997) product innovation is a dual cyclone used to create new efficient products Process Innovation The process innovation is not the main concern of the final consumers, it is only important for the organizations, it has bigger impact on the operations and the production processes of the products for the customers (Chapman, 2002) Buckland, W. H. (2003). Inventuring. Boston: Harvard Business School Press. Chapman, S. (2002). Four Centuries of Small-Scale Industry in Britain. Oxford University Press, 01-30. Isaksen, S. D. (2000). Creative Approaches to Problem Solving. Dubuque.: IA: Kendall/Hunt Publishing. Tidd, J. &. (2002). The affect of project novelty on the new product development process. R&D Management, 127–138. Tushman, M. &. (1997). A Practical Guide to Leading Organizational Change and Renewal. Boston: MA: Harvard Business School Press.

You May Also Find These Documents Helpful

  • Satisfactory Essays

    References: [ Stage-Gate International . (2012). Product Innovation Process. Retrieved March 16, 2012, from Stage-Gate International : http://www.stage-gate.com/knowledge_pipwhat.php ]…

    • 373 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Dry Shampoo

    • 884 Words
    • 4 Pages

    In today’s competitive, global environment, new products and innovation are critical to a company’s growth and sustainability. Many companies today focus only on cost reduction. Generating revenue via new, differentiated products should also be part of the corporate strategy. Product development must be done within a strategic context that takes into account emerging market trends, environmental and regulatory rulings and trends, customer and employee needs and wants, and financial considerations.…

    • 884 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Ford Ka in France

    • 1873 Words
    • 8 Pages

    New Product Development. Approaches to New Product Development (NPD) can be divided into innovative strategies, and customer-responsive strategies. Innovative strategies results in a higher degree of (actual and often perceived) newness but involve higher R&D costs and risk. Customer-responsive strategies allow to cut development costs and time-to-launch; however, it might be difficult to achieve a differentiated position in a competitive market.…

    • 1873 Words
    • 8 Pages
    Powerful Essays
  • Best Essays

    The modern world economy shows that the scientific and technological knowledge and innovation are key factors for sustainable economic growth. Much of the competitive advantages that the country holds today derives from the use of scientific knowledge and applied technology become the corporate level to develop new products or services through the management of technological innovation, marketing, and organizational. The world globalization highlights the urgent need for business organizations that produce goods and services for domestic or international market recognize the strategic value of innovation and incorporated into its business management as an instrument or tool that is part of your corporate culture. Innovation is an essential element for any organization in order to survive, grow and significantly influence the direction of any industry. Development does not; however, guarantee success, but most be followed up with successive streams of innovation and change, from the incremental to the radical.…

    • 1691 Words
    • 7 Pages
    Best Essays
  • Powerful Essays

    Trott, P., 2008. Innovation Management and New Product Development, 4th ed. Harlow, FT Prentice Hall.…

    • 8646 Words
    • 45 Pages
    Powerful Essays
  • Powerful Essays

    This module project paper is part II of paper for week 4, in which I looked at MultiChoice Africa a company that provides TV entertainment and internet services in Africa. The first part of the paper looked at the organisational culture barriers and enablers of innovation. I also looked at some of the challenges the company faces. In this paper I will continue to address the challenges mentioned in the first paper namely;…

    • 2466 Words
    • 10 Pages
    Powerful Essays
  • Powerful Essays

    Rocket Innovation

    • 4443 Words
    • 18 Pages

    The success of every organization highly depends on the novel creative and innovative ideas in highly competitive environments. Creativity is the ability to generate innovative ideas and obvious them from thought into reality. Innovation means applying those thoughts in to work. Innovations don’t always have to be completely new ideas. The term innovation rather means the implementation of something new and results in a noticeable improvement for the user. There are different forms of corporate innovations: Product innovation, Process innovation, Market innovation, Structural innovation and Cultural innovation. (Disselkamp, 2005).…

    • 4443 Words
    • 18 Pages
    Powerful Essays
  • Better Essays

    human capital dimensions

    • 1088 Words
    • 5 Pages

    FUN TRAVEL DEALS (FTD) Bharathan Swamynathan Radhika Pati Rahul Katta Rakesh Chinnakkan Waaris Savage 1 introduction  FTD is a tourism based enterprise in India established in 2007.  Fun Travel Deals introduced an innovative app designed for tourism industry called “FTD” in 2012.  Fun Travel Deals feature’s overview, fast fact, history, culture, maps, travel within the tourist spot 2 About the App FTD covers more than 300 tourist destinations and over 75 activities like skiing, Paragliding, Museum, Temples, Art Gallery, Adventure sports, etc. Available for free to download on all smart phones and note pads.…

    • 1088 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    Case C Delaval

    • 1638 Words
    • 6 Pages

    This is an intellectio produced by the Consulting Group AB for the Board of DeLaval. The purpose of the paper is to present an innovation, that focuses on further improving DeLaval’s work for a sustainable future and the growing demand for dairy products.…

    • 1638 Words
    • 6 Pages
    Powerful Essays
  • Satisfactory Essays

    Innovation

    • 428 Words
    • 2 Pages

    MANAGEMENT OF INNOVATION? INVENTION R&D PRODUCTS TECHNOLOGY DIFFICULT IN CERTAIN COUNTRIES LUCK!! VALUABLE IN JUST A FEW INDUSTRIES EXPENSIVE WHAT IS INNOVATION “It is the means by which the entrepreneurial activity either creates new wealth-producing resources or endows existing resources with enhanced potential for creating wealth”…

    • 428 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Open Innovation

    • 5809 Words
    • 24 Pages

    8. Studies of the structural determinants of organizational innovativeness (Damanpour 1991, 1992, 1996) - innovation viewed as a process likely to make the entity more profitable;…

    • 5809 Words
    • 24 Pages
    Powerful Essays
  • Powerful Essays

    Innovation

    • 1661 Words
    • 7 Pages

    Innovation require for thoughtful structure of solid management process and making a creative culture in organization. The companies can create their own ideas, and innovation helps to select the right ideas for implementation. Organization can develop new strategies and business model by innovation. Innovation not only represent how to grow up the business, it is also making the specific direction of the organization. We can say (invention + exploitation = innovation). “Innovation is the creation of any product, service or process which is new to the business unit” Tushman and Nadler (1996). In addition, the management guru Peter Drucker observes, “innovation is the specific tool of entrepreneurs, the means by which they exploit changes as an opportunity” (Drucker, 1985). The survey of Boston Consulting Group reported that in 2004 inside and outside of the organizations, that 90 per cent of them believe in innovation is a strategic priority. The consulting firm Strategos research also confirmed that innovation is the way to growing up all sectors of the business or organizations and its importance. Mainly innovation as an outcome, also innovation is a value-adding process in product, services, thoughts or beliefs and behaviours. So making changes to something established by introducing something new that adds value to customers is the process of innovation.…

    • 1661 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    CREATIVITY & INNOVATION

    • 752 Words
    • 4 Pages

    According to West and Farr (1990), innovation is regarded as something new which leads to change. It is also the intentional introduction and application within a role, group or organization of ideas, processes, products or procedures, new to the relevant unit of adoption, designed to significantly benefit the individual, the group, organization or wider society.…

    • 752 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Innovation is the core business competency of the 21st century. In order to not only compete and grow but to survive in a global economy, businesses must innovate. To date innovation has been approached in a piecemeal fashion often linked solely to the New Product Development (NPD) process.…

    • 8673 Words
    • 35 Pages
    Good Essays
  • Good Essays

    Fried Chicken

    • 10256 Words
    • 42 Pages

    The development of new product from time to time is critical to stay on top of the market; consumers always look forward to new products that businesses have to offer.…

    • 10256 Words
    • 42 Pages
    Good Essays

Related Topics