Flashcards
Operations Management-4
Cards in this deck (4)
- 1Describe creativity innovation and design- Creativity: Generation of new ideas
-Innovation: successful exploitation of new ideas
-Design: link between creativity and innovation - 2What are the types of innovations?-Commercial/marketing: development of new financing/branding activities
-Organisation and management innovation: development of new business models
-Process innovation: development of new production or delivery method
-Product innovation: development of a new or improved good and/or service - 3What are the innovation trends?-Democratisation of innovation: no longer limited to R&D but expected of employees throughout the business
-businesses look for t-shaped people: with deep expertise in one area and actively acquiring knowledge in other areas
-the most innovative companies are not that well known outside their sectors, but worth knowing everything about
-to reiterate: studying innovative companies in every possible sector will help you learn and borrow insights - 4Draw innovators DNAlook page 3 in lecture 4
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- Flashcards on Operations Management-4, created by mukkun himitsu on 06/01/2018.
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- mukkun himitsu · Jan 2018
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- Jan 6, 2018
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