Questions and Answers
The course covers the concept of design thinking.
True
Students will learn about the economic role of entrepreneurship in the course.
False
The stage-gate-approach is a technique for managing the innovation process.
True
The course only covers product-related innovations.
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The concept of promoters is used to overcome organizational constraints for innovation.
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Crowd funding is a technique used in open innovation.
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The course focuses on the development of innovation theory.
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The course only covers theoretical aspects of innovation.
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The lecture 'Dimensions of innovation I' is scheduled on 12.10.2023.
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The exercise 'Innovation matrix with examples' is scheduled on 12.10.2023.
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The lecture 'Theories in innovation management and success of innovation' is scheduled on 26.10.2023.
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The case study 'innocent' is scheduled on 26.10.2023.
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There is a lecture and exercise scheduled on 16.11.2023.
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The exercise 'startport' is scheduled on 23.11.2023.
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The lecture 'Creativity techniques & Design Thinking' is scheduled on 07.12.2023.
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The exercise 'Future automobile market' is scheduled on 21.12.2023 in the morning.
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Innovation in terms of strategy involves in changing the whole industry.
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Organization innovation is a type of innovation that involves the whole society.
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Process innovation involves the creation of a new product or service.
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Market innovation involves the creation of a new market or the discovery of a new market.
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Innovation in terms of technology involves the creation of a new idea.
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Product innovation involves the creation of a new or improved product or service.
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Social system innovation involves the creation of a new social system.
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Invention is a type of innovation that involves the creation of a new or improved process.
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In the dimension of innovation, the 'kind of innovation' category includes 'process' and 'market'.
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The degree of innovation is measured by how new it is for the manufacturer.
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The process of innovation begins with the invention stage.
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Radical innovations often cause small improvements to an existing product.
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The success of innovation is solely dependent on the role of the customer.
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Incremental innovation is extremely powerful when compounding over time.
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The dimension of innovation includes the subjectivity of innovation.
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Utterback's lifecycle of innovation is a model for radical innovation.
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Cooperative innovation is a type of innovation that involves collaboration with other organizations.
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The concept of innovation is only applicable to product-related innovations.
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An example of incremental innovation is the introduction of an electric car.
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Customer innovation is an example of incremental innovation.
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The application of innovation is a stage in the innovation process.
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Adding wanted or removing unwanted features is an example of radical innovation.
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Radical innovations do not affect the innovation provider or manufacturer.
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Radical innovations only affect the innovation demanders or users.
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Study Notes
Course Outline
- The course covers innovation management, with 15 lectures and corresponding exercises from October 5, 2023, to January 25, 2024.
- Topics include dimensions of innovation, innovation matrix, theories in innovation management, innovation systems, constraints and promotors, business model innovation, patterns of business models, creativity techniques, disruptive innovation, strategic innovation, and diffusion of innovation.
Learning Outcomes
- Students will have a sound knowledge of the economic role of innovation and the innovation process.
- Students can give an overview of the development of innovation theory.
- Students know about the different characteristics and economic impacts of product-related and process-related innovations.
Dimensions of Innovation
- Kind of innovation: what is new?
- Degree of innovation: how new?
- Subjectivity of innovation: new for whom?
- Process of innovation: where does it begin and end?
- Success of innovation: what makes it successful?
- Roles of innovation: with whom?
Types of Innovation
- Product innovation: new product or service
- Process innovation: new production or delivery method
- Social system innovation: new social or organizational structure
- Strategy innovation: new business strategy
Degree of Innovation
- Incremental innovation: small improvements to an existing product
- Radical innovation: fundamental change in the knowledge base, value creation network, innovation provider or user, or society
Effects of Radical Innovations
- Causes a fundamental change in the knowledge base, value creation network, innovation provider or user, or society.
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Description
15 lectures covering dimensions of innovation, innovation matrix, theories, and more. Learn about business model innovation, creativity techniques, and strategic innovation.
