Podcast
Questions and Answers
What is the primary driver of organizational innovation?
What is the primary driver of organizational innovation?
- Outside forces only
- Managers only
- Self-disruption
- Outside forces and managers (correct)
What is the goal of many global companies?
What is the goal of many global companies?
- To focus on exploitation only
- To become ambidextrous
- To achieve disruptive innovation (correct)
- To be disrupted by start-ups
What is the purpose of self-disruption in companies?
What is the purpose of self-disruption in companies?
- To encourage creativity and risk-taking
- To preempt being disrupted by other companies or start-ups (correct)
- To focus on exploitation only
- To develop new products for emerging markets
What is the ambidextrous approach in innovation?
What is the ambidextrous approach in innovation?
What is the primary focus of exploration in innovation?
What is the primary focus of exploration in innovation?
What is the goal of reverse innovation?
What is the goal of reverse innovation?
What is the primary goal of a realistic job preview?
What is the primary goal of a realistic job preview?
What is the term for the generation of novel ideas that might meet perceived needs or respond to opportunities for the organization?
What is the term for the generation of novel ideas that might meet perceived needs or respond to opportunities for the organization?
What is the purpose of an idea incubator in an organization?
What is the purpose of an idea incubator in an organization?
What is the term for the process of buying start-up companies to acquire new ideas and technologies?
What is the term for the process of buying start-up companies to acquire new ideas and technologies?
What type of interview questions ask applicants to describe how they have performed a particular task or handled a specific problem?
What type of interview questions ask applicants to describe how they have performed a particular task or handled a specific problem?
What is the primary purpose of a structured interview?
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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