Flashcards
Week 5
Cards in this deck (13)
- 1Radical Innovation vs Incremental innovation (Newness)RI: World
II: Company - 2Radical Innovation vs Incremental innovation (Performance)RI: Step-change
II: Gradual - 3Radical Innovation vs Incremental innovation (Competencies, skills expertise)RI: New
II:Existing - 4Radical Innovation vs Incremental innovation (Organisational competence)RI: Destroys existing
II: Enhance - 5Radical Innovation vs Incremental innovation (Business model)RI: Needs change, delivers sustainable development necessities, social and systemic change
II: Perpetuate social practices - 6Radical Innovation vs Incremental innovation (Status quo)RI: Challenge leads to the identification of systemic resistance to change
II: Doesn't challenge adopted wit little resistance - 7Radical InnovationMajor: New service people never thought they needed
Start-up businesses new service for underserved market
New service for existing market - 8Incremental InnovationService line extension: augments the existing service line
Improves service
Modest visible changes in appearances - 9Disruptive InnovationNewmarket and value network that disrupts the existing market and value network; replacing it.
- 10Sustaining Innovation1.Understands the problem, uses existing market and is meant to improve perf. , lower costs and incremental change.
2. Customer believable, predictable market and is a traditional business method that is sufficient. - 11Disruptive Innovation1. Not understood, uses new market and the innovation is dramatic and game-changing.
2. The customer doesn't know, unpredictable market, fail to use traditional business methods. - 12Sharing Economy business modelcoordinate to acquire or distribute resources for a fee or other compensation.
- 13Sharing economy value propositionBased on the shared value, rocket charged by social media
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- Flashcards on Week 5 , created by Nina Bahar on 10/06/2018.
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- Nina Bahar
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