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Engineering Management 221_Chapter 1

Nelson Jenkins Engineering Inglés 18 fichas

Engineering Management 221_Chapter 1

Fichas del conjunto (18)

  1. 1—Abstract HypothesisAbstract Hypothesis
  2. 2—Reflective ObservationReflective Observation
  3. 3—Concrete ExperienceConcrete Experience
  4. 4—Active TestingActive Testing
  5. 5—The Strategic Management ProcessThe Strategic Management Process
  6. 6SWOT AnalysisStrengths, Weaknesses, Opportunities, and Threats
  7. 7TechnologyThe usage and knowledge of tools and crafts affect our ability to control the environment. High tech needs more tooling, low tech is easier to make
  8. 8Innovation- The practical implementation of an idea into a new device or process.
    - A creative idea was realized.
    - High innovative means more change
    - Less innovation means less change
  9. 9innovation imageInnovation Chart
  10. 10What is the most important driver of competitive success? Why?Technology innovation
    Protects margins, more efficient, and most sales are from new things
  11. 11Technology InnovationIntroduction of new device or methods for an application
  12. 12Technology innovation effect on societyRaises GPD, standard of living, but can create negative externalities
  13. 13GDPGross Domestic Product
    (Total annual out put of an economy measured by final purchase price)
  14. 14Tech innovation gets faster because...Information technology, simulations, and CAD/CAM
  15. 15ExternalitiesCosts or benefits borne by people other than those who created them
  16. 16How to do Tech innovation successfullyUnderstand innovation and craft an innovation strategy
  17. 17Innovation funnelThousands of ideas narrow to a few tested and one made, the cost goes up as you go along funnel
  18. 18—Innovation FunnelInnovation Funnel

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Engineering Fichas sobre Engineering Management 221_Chapter 1, creado por Nelson Jenkins el 21/03/2023.
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