Tema 1 Conceptual frame

<p>It is essential for growth and enables adaptation to market changes. (B)</p> Signup and view all the answers

<p>It describes how new firms can challenge existing markets and processes. (B)</p> Signup and view all the answers

<p>It focuses on enhancing the way a product is manufactured. (A)</p> Signup and view all the answers

<p>They can significantly impact multiple industries by either creating or destroying markets. (B)</p> Signup and view all the answers

<p>The creation of a prototype that can undergo further testing. (A)</p> Signup and view all the answers

<p>Radical Innovation (D)</p> Signup and view all the answers

<p>Frugal Innovation (A)</p> Signup and view all the answers

<p>Neglecting new competencies (B)</p> Signup and view all the answers

<p>Technological change (C)</p> Signup and view all the answers

<p>Valuation of 1 billion or more (D)</p> Signup and view all the answers

<p>Feedback loops and trial-and-error (D)</p> Signup and view all the answers

<p>Incremental Innovation (A)</p> Signup and view all the answers

<p>It builds on existing knowledge (C)</p> Signup and view all the answers

<p>Bureaucratic challenges (B)</p> Signup and view all the answers

<p>Obsolescence of established skills (C)</p> Signup and view all the answers

<p>Social Innovation (B)</p> Signup and view all the answers

<p>Market testing of ideas (B)</p> Signup and view all the answers

<p>Financial capabilities (A)</p> Signup and view all the answers

<p>Linear Model (A)</p> Signup and view all the answers

The introduction of a new or improved product, process, or combination of both that significantly differs from existing offerings and is available to users or employed by the unit.

Applies scientific knowledge to create practical solutions, often driven by innovation.

Systematic work aimed at increasing knowledge and applying it to create new applications.

Focuses on discovering new scientific knowledge without immediate practical applications. Often conducted in universities and large company labs.

Applies existing scientific knowledge to solve specific problems, leading to potentially new technologies and patents.

Tackles technical issues related to new products or production processes, aiming to improve performance. Can result in a prototype that can be tested for potential innovation.

Changes in how a product is made without changing the product itself. Often focuses on improving efficiency or effectiveness, like reducing defects or increasing production.

A process of continual change where new technologies and organizational shifts challenge the existing economic structure. This leads to growth and renewal as new firms emerge and others adapt or fail.

Creates entirely new products or processes, often leading to significant changes in the market. Think of the first smartphone or the invention of the electric car.

Improves existing products or processes, making them better, faster, or more efficient. Think of the difference between Windows 7 and Windows XP.

Focuses on developing innovative solutions that are affordable and use fewer resources, particularly beneficial for developing economies.

Aims to develop technologies and practices that protect the environment and address climate change. Think of renewable energy or eco-friendly packaging.

Develops solutions that improve the lives of individuals and communities often marginalized or excluded from mainstream opportunities, focusing on social and economic empowerment.

This model assumes that scientific breakthroughs drive technological changes, emphasizing the importance of research and development as the source of innovation.

Represents a more dynamic and cyclical process of innovation, highlighting the importance of market feedback and iterative development.

The process of improving existing products or services, often within the framework of a firm's established capabilities.

Challenges the status quo by introducing new technologies or approaches that render existing ones obsolete, often disrupting established industries.

Startups that have reached a valuation of $1 billion or more, often characterized by rapid growth and innovation.

Small to medium-sized companies that are experiencing rapid growth, contributing to job creation and economic development.

Agile and adaptive companies, often science-based startups, known for their ability to adapt to changing market conditions.

The theory that a firm's competitive advantage stems from its valuable, rare, inimitable, and non-substitutable resources, including its capabilities and competencies.

Distinct capabilities that set a firm apart in the market, making it difficult for competitors to imitate.

Technological breakthroughs that make existing technologies obsolete or less valuable.