Podcast
Questions and Answers
What is the primary focus of the Financial Perspective in innovation scorecards?
What is the primary focus of the Financial Perspective in innovation scorecards?
What does the Learning and Growth Perspective aim to achieve?
What does the Learning and Growth Perspective aim to achieve?
Which model emphasizes the importance of feedback loops between phases?
Which model emphasizes the importance of feedback loops between phases?
What does the SECI model specifically combine with knowledge management?
What does the SECI model specifically combine with knowledge management?
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What key process does the Dynamic capabilities model focus on?
What key process does the Dynamic capabilities model focus on?
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In the context of innovation, what does the term 'Community of Practice' refer to?
In the context of innovation, what does the term 'Community of Practice' refer to?
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Which phase involves writing reports, memories, or databases in the SECI model?
Which phase involves writing reports, memories, or databases in the SECI model?
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What does the Open innovation model include beyond inbound innovation?
What does the Open innovation model include beyond inbound innovation?
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Flashcards
Innovation Scorecard
Innovation Scorecard
Performance measurement tool for R&D, using financial, customer, process, and learning perspectives to assess and improve R&D activities.
R&D "as a Lab" Model
R&D "as a Lab" Model
R&D model with clear separation of inputs and outputs, emphasizing continuous feedback between phases for improvement.
Dynamic Capabilities
Dynamic Capabilities
The ability of an organization to adapt effectively, combining resources and capabilities to exploit new opportunities.
Open Innovation Model
Open Innovation Model
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SECI Model
SECI Model
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Community of Practice
Community of Practice
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R&D Lab Approach
R&D Lab Approach
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Ordinary Capabilities
Ordinary Capabilities
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Study Notes
Innovation Scorecards/Reports
- Provide a comprehensive view of the innovation situation.
- Evaluate innovation from various perspectives:
- Financial: Measures R&D ROI, break-even time.
- Customer: Assesses customer satisfaction with innovative products, market share.
- Internal Processes: Focuses on efficiency of R&D processes, like product development cycle time, transfer of technology.
- Learning & Growth: Emphasizes the development of R&D team skills, employee training, filed patents.
R&D "as a Lab" Model
- Structures R&D work with a clear framework.
- Emphasizes feedback loops between different phases.
Dynamic Capabilities Model
- Ordinary capabilities: Improving existing processes.
- Dynamic capabilities: Adapting to changes.
- Example (iPod): Sensing opportunity (new user-friendly item), seizing (UI development), transforming (Windows compatibility) yielding positive results.
Open Innovation Model
- Focuses on both inward and outward innovation (societal impact).
SECI Model
- A knowledge creation model.
- Four stages:
- Socialization: Sharing knowledge informally (e.g., interactions between marketing and sales).
- Externalization: Translating tacit knowledge to explicit knowledge (e.g., creating reports, databases).
- Combination: Combining different explicit knowledge sources (e.g., merging reports, creating manuals).
- Internalization: Applying combined knowledge to practical use in daily work.
Community of Practice (CoP) Model
- Helps people collaborate and learn within a specific area.
- Knowledge sharing is a key aspect.
- Examples include forums, repositories, and platforms like GitHub.
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Description
Explore various models and metrics used to evaluate innovation within organizations. This quiz covers innovation scorecards, R&D frameworks, dynamic capabilities, and open innovation strategies. Test your knowledge on how these concepts drive success in research and development.