A Framework for Strategic Innovation A Framework for Strategic Innovation Blending strategy and creative exploration to discover future business opportunities ______________________________ by Derrick Palmer & Soren Kaplan Managing Principals‚ InnovationPoint LLC © 2007 InnovationPoint www.innovation-point.com Page 1 A Framework for Strategic Innovation Table of Contents 1. 1.1. 1.2. THE ART AND DISCIPLINE OF STRATEGIC INNOVATION ............. 3 Traditional strategy
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INNOVATION AT 3M CORPORATION: CASE STUDY There are two major issues highlighted in this case study: 1. Is the ‘lead-user’ process‚ an effective method for research and subsequent product innovation? 2. Should the Medical-Surgical Markets Division (MSMD) lead-user research team present its revolutionary new approach to treating infection to senior management despite the fact that it challenged the existing business strategy? QUESTION 1 The answer to the first question is ‘yes’. By the
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limited Innovation Audit See the gaps in your innovation and develop plans for new products‚ services‚ processes and cost savings. Below is a summary of the Audit we recommend and can conduct. The full Audit varies dependent upon the organisation. Key Issues There are hard and soft factors that will determine how innovative an organisation is. Those key factors: • CEO and Board Commitment • A Learning Organisation ie being open‚ adaptive and forward thinking • A culture that encourages innovation • It
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The change adoption process outlined in the Mechanisms of Diffusion of Innovations theory applies to the movie through Joy accepting Sadness as a valid and useful member of the organization. Joy appears to go through the process twice. The process has five stages of Knowledge‚ Persuasion‚ Decision‚ Implementation‚ and Confirmation. The opening scene of the movie introduced all the emotions or the members of the organization that made up Riley. Immediately‚ Joy processes Knowledge‚ Persuasion and
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MBA A Case Study on “Innovation on Apple” Course Code ： MBA Cohort 22 Lecturer ： Mr. D.L.Allen Student Name ： Wong Man Pan Student ID ： Submission Date ： 18 July‚ 2012 No of words ：3‚092 1. Executive summary This article contains four main sections; in the first section‚ the characteristics of innovation Company are defined‚ mainly the ideas which follow Barry‚ John and Richard‚ 2011 and the overview of Apple Inc innovation would be evaluated based on the
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reality. The process involves original thinking and then producing. The process of creation was historically reserved for deities creating "from nothing" in creationism and other creation myths. Over time‚ the term creativity came to include human innovation‚ especially in art and science and led to the emergence of the creative class. Etymology Creativity comes from the Latin term creō "to create‚ make". The ways in which societies have perceived the concept of creativity have changed throughout
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examination of open innovation theory and practice. Jonash R.S & Sommerlatte.T. (1999) refer to Joseph Schumpeters’ view on innovation; he defined innovation as “encompassing the entire process‚ starting from a kernel of an idea continuing through all the steps to reach a marketable product that changes the economy.” However in this current economic climate there are ranging views on the area of innovation differing in many ways. In theory there are two types of innovation; Open Innovation and Closed
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Issues Surrounding the Role of Innovation in the Economic Growth Process Introduction 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
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License in January 2007‚ the first call on the Etisalat Nigeria Network was made on 13 March 2008; witnesses to the occasion were officials of the Nigerian Communications Commission and Members of the Nigerian Senate Committee on Communications. The innovation prowess of the company was first felt in September of 2008‚ when the company opened its doors and networks to the teeming populace by commencing commercial operations; the campaign started with 0809uchoose; the idea was to encourage Nigerians choose
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Innovation at 3M 3M attributed much of its growth to its innovative products and incremental/extensions of existing products. However‚ of late they hadn’t come up with anything significant and they were stagnating. At this point‚ Ms. Rita Shor implemented the “Lead User Research” methodology to come up with four recommendations on new innovative products and strategy. In my opinion‚ Ms. Shor should put forward their first three recommendations to Mr. Dunlop. They consisted of development of three
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