Innovation Sources Chapter 3-4.1

Gaining insights from existing products by identifying areas for improvement or creating competitor businesses offering better alternatives.

Using personal expertise and experience to identify problems and opportunities. This method focuses on developing ideas based on firsthand knowledge and understanding of a specific industry or area.

A dedicated department within a company that focuses on developing new products and ideas. It fosters a culture of innovation, encouraging employees to brainstorm and contribute to product development.

Analyzing user feedback, reviews, and comments to understand customer needs and identify opportunities for product improvement or new product ideas.

A systematic process of exploring various alternatives and identifying potential solutions. This method involves collecting and analyzing data to uncover opportunities or areas for improvement.

A group discussion technique that facilitates brainstorming and problem-solving. Participants are encouraged to freely share ideas and explore diverse perspectives to generate innovative solutions.

A strategy for generating new business ideas by systematically identifying and analyzing problems or challenges faced by individuals, businesses, or society. This method involves understanding the root causes of problems and developing solutions that address them.

A problem-solving approach that emphasizes out-of-the-box thinking and unconventional solutions. It involves exploring uncharted territories and going beyond traditional methods.

A creative problem-solving technique that utilizes a set of questions to encourage innovative ideas. It explores various possibilities by modifying, combining, or adapting existing elements.

A strategy for analyzing a problem and then proposing a solution that addresses the underlying cause rather than treating just the symptoms. It identifies the root cause to prevent recurrence.

The initial step in root cause analysis involves accurately defining the problem by identifying its specific symptoms and how it manifests.

The first step in the SCAMPER method involves exploring alternative components or processes that can be substituted within the given problem. Consider replacing elements with other options.

One of the strategies in SCAMPER involves combining existing elements or ideas to create a new solution. Explore how different concepts can merge to create a unique approach.

Adapting existing solutions or ideas from other problems or domains to the current challenge is a core strategy in SCAMPER. Seek inspiration from successful solutions in other fields.

In the SCAMPER method, Magnifying involves enhancing or emphasizing existing elements to amplify their impact. Consider increasing the scale or significance of certain aspects.

Making beneficial changes to physical products. This involves introducing new features, improving existing designs, or creating entirely new product categories.

Introducing a new or significantly improved way to produce or deliver products or services. This can involve revamping production processes, streamlining workflows, or adopting new technologies.

Minor adjustments or improvements made to an existing product or process.

Adding a new product variation to an existing product line, often with some new features or variations.

Creating a significantly improved version of an existing product, with major changes in design, functionality, or technology.

Developing a completely new product that addresses a new market need or creates a new category altogether.

Significant changes to the processes used to produce or deliver products or services. It goes beyond minor adjustments and affects core operational activities.

Refers to the degree of change a product or process undergoes during innovation. The change can be incremental, additive, generational, or entirely new.

A systematic approach to developing new products or services. It involves research, development, testing, and commercialization.

A combination of related activities that transform inputs into a desired output for the customer. It can involve design, production, logistics, marketing, and after-sales service.

Leaders of innovative companies establish a secure and supportive environment for taking risks and managing costs. They are engaged with the firm's structure and respect its infrastructure.

Identifying areas for improvement is crucial for innovation. It involves analyzing a company's position in the industry, pinpointing areas that need change, and exploring potential innovation opportunities.

Innovative companies need deep knowledge of industry best practices and emerging technologies. They foster relationships with leading experts and connect with professional organizations and educational institutions.

Customer needs and desires drive innovation. Companies must develop comprehensive customer profiles that guide strategies and identify unmet needs that align with their offering.

A structured, customized, and well-communicated methodology allows for flexibility and precision in innovation. This methodology builds upon past practices, but remains relevant to the current market.

Innovative companies encourage a collaborative environment where employees work across functions and interact with external experts. This allows for fresh ideas and perspectives to be exchanged.

The willingness to try new things while actively managing risks is key to innovation. This involves constantly seeking ways to improve processes, products, and services.

Innovation encompasses adapting and experimenting with new approaches, while continuously addressing challenges and obstacles in the process.

Innovation involves creating new value for customers, improving efficiency, and gaining a competitive advantage in the market.

Innovation is crucial for organizational success and survival in the ever-changing business landscape.

Changes to a product that do not significantly affect how customers buy or use it. For example, adding fluoride to water or using CFC-free refrigerants in refrigerators.

The idea that innovation can be categorized into four levels: products new to the world, line extensions, products new to the organization but not the market, and product modifications.

A type of innovation that involves significant changes to the design or functionality of a product, often leading to a new product category.

Innovations that involve changes to the architecture of a product, but not to its fundamental components.

Innovations that involve changes to the modular components of a product, but not to its overall design.