innovation

innovation

It is an extensive collection of energy activities, but uncoordinated
Innovation for the 21st Century
1. The goal is to manage the overall innovation through the organization
a company depends on its ability to innovate
1. market expectations today
2. global competitive pressures
3. the magnitude and pace of structural change
innovation at all three levels
1. major improvement deals
2. adjacent search opportunities
3. he ventures into territory transformation
adjacent innovations
1. shares features with core and transformational innovations
  1. It involves the use of something the company does well in a new space
    1. knowledge of customer needs
    2. Demand Trends
    3. the dynamics of competition
    4. technology trends
    5. otras variables del mercado
high-performance businesses run
1. 70% of its resources to core innovation offers improvements
2. 20% of adjacent opportunities
3. 10% transformation initiatives
Companies can create
1. place completely different structure of funding for transformational innovation
2. mechanisms to monitor ongoing initiatives
3. make sure they are progressing according to plan
periodically evaluate projects
Metrics
1. adjacent initiatives
  1. the net present value and ROI calculations
    1. used to assess core and short adjacent initiatives
    2. requieren supuestos sobre las tasas de adopción
    3. price points
examine
1. economic and non-economic metrics
2. external and internal metrics

Resource summary

	Created by Ivon Tatiana Morantes Ibarra over 7 years ago