Chapter 2 Types of Innovation LEARNING OBJECTIVES When you have completed this chapter you will be able to: • Distinguish the different forms that innovation can take‚ such as product‚ process and service innovation • Differentiate and distinguish between the different types of innovation‚ such as radical and incremental innovation • • Describe each type of innovation Analyse different types of innovation in terms of their impact on human behaviour‚ business activity and society
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Report FAST GOOD PROJECT Fast Good is a locally owned fast food outlet that will be positioned as an international franchise through our creative approach to the company’s image and detail presentation. Fast Good will provide a combination of excellent food at value pricing‚ with fun packaging and atmosphere. Fast Good is the answer to an increasing demand for snack-type fast food‚ to be consumed while walking in the park‚ enjoying city sides‚ having a short break in the university or work‚ or
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We wish to identify the internal and external drivers of innovation for Kudler Fine Foods. We also wish to describe how innovation design and creative thinking might benefit the Kudler Fin foods in terms of meeting the organizational objectives Kudler Fine Foods is a special experience everyone should have. Kudler Fine Foods is an upscale specialty store. Their Mission statement says that our selections with the experienced‚ helpful‚ and knowledgeable staff merge to offer each customer a delightful
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The importance of innovation Corporations must be able to adapt and evolve if they wish to survive. Businesses operate with the knowledge that their competitors will inevitably come to the market with a product that changes the basis of competition. The ability to change and adapt is essential to survival. Today‚ the idea of innovation is widely accepted. It has become part of our culture – so much so that it verges on becoming a cliché. For example‚ in 1994 and 1995‚ 275 books published
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Technovarion‚ 14( 1) (1994) 7-16 A conceptual technological management Mushin Lee and Kiyong Om framework innovation of Korea Advanced Institute of Science and Technology (KAIST)‚ Department Management and Policy‚ 373-l Kusong-dong‚ Yusong-gu‚ Taejon 305-701‚ Korea of South Abstract J. T. Chiang argues that studies in technological innovation management are not mature enough in terms of (I) the conceptual categories‚ (2) the interrelationships and (3) the taxonomy of relevant
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Innovation: Innovation in Education Maura C. Chaney Grand Canyon University LDR805 March 27‚ 2012 Innovation In order to maintain any kind of competitive edge‚ educational organizations in America need to respond rigorously through initiatives in that move towards innovation. These initiatives need to develop a new mental mindset that is more focused on problem solving and moving forward with innovative and custom techniques‚ products‚ and services. In order to be successful in today
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Did the innovation change “the rules of the game”? Was there another parallel innovation/development that “enabled” this innovation to take root? Did it lead to the displacement of some competitors‚ with their positions being assumed by newer players in the industry? How have customers responded to the innovation? Trace the genesis of the innovation. What lead to it? Was necessity the mother of the innovation or was it serendipity? How has the innovation affected the market
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JOLLIBEE FOODS CORPORATION: INTERNATIONAL EXPANSION A Case Study CASE BACKGROUND Jollibee Foods Corporation (JFC) is the most successful fast food chain in the Philippines. It started out as an ice cream parlor owned by the Tan family‚ headed by Tony Tan Caktiong (TTC) as President. Brought about by oil crisis which doubled the price of ice cream‚ JFC diversified into hamburgers in the year 1977. Jollibee’s philosophy is epitomized by “Five Fs” – Friendliness‚ Flavorful food‚ Fun
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Annotated Bibliography on Innovation A.G.Lafley & R. Charan.The Game Changer: How Every Leader Can Drive Everyday Innovation. London: Profile Books. This book explains the importance of continuous innovation and cautioning how a unique product can turn into commodity if not continuously innovated. The noticeable strong meaning of innovation as foundation for controlling destiny is quoted. The importance of innovating based on customer feedback rather than technology driven as implemented by Procter
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