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Questions and Answers
What is the primary driver of organizational innovation?
What is the goal of many global companies?
What is the purpose of self-disruption in companies?
What is the ambidextrous approach in innovation?
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What is the primary focus of exploration in innovation?
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What is the goal of reverse innovation?
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What is the primary goal of a realistic job preview?
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What is the term for the generation of novel ideas that might meet perceived needs or respond to opportunities for the organization?
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What is the purpose of an idea incubator in an organization?
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What is the term for the process of buying start-up companies to acquire new ideas and technologies?
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What type of interview questions ask applicants to describe how they have performed a particular task or handled a specific problem?
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What is the primary purpose of a structured interview?
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Study Notes
Organizational Innovation
- Creation of a new idea, solution, or behavior by an organization
- Causes of change: outside forces, managers
- Disruptive innovation: innovations that start small and replace existing products or services
- Ambidextrous approach: combining creative and systematic implementation of innovations
Types of Innovation
- Reverse innovation: creating low-cost products for emerging markets and repackaging them for developed countries
- Product innovation: a change in an organization's product or service outputs
- Process innovation: a change in an organization's production processes
- Technology change: a change in an organization's production process
Innovation Strategies
- Discovery Creativity: generating novel ideas that meet perceived needs or respond to opportunities
- Bottom-up approach: encouraging idea flow from lower levels
- Internal contests: encouraging idea generation
- Idea incubators: providing a safe space for idea development without interference
- Horizontal collaboration and open innovation: involving customers, partners, and external sources
- Crowdsourcing: obtaining information from a large group of people
- Innovation by acquisition: buying start-up companies
Innovative Roles and Structures
- Idea champions: people who support and promote productive change
- New venture teams: separate units responsible for developing and initiating major innovations
- Skunkworks: autonomous, secretive groups focused on breakthrough ideas
- New venture funds: financing for new ventures
Recruiting and Hiring
- Recruiting: defining characteristics of applicants for selection
- Realistic job preview (RJP): providing applicants with accurate information about the job and organization
- Selection: assessing applicants to determine fit between job and applicant
- Application form: collecting information about applicant's education, experience, and background
- Structured interview: standardized questions for easy comparison
- Behavioral questions: asking about past experiences and behaviors
- Situational questions: asking about hypothetical scenarios
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Description
Test your understanding of organizational innovation, including the causes of change, disruptive innovation, and self-disruption strategies used by companies. Learn how companies innovate and adapt to new ideas and solutions.
