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15 Cards in this Set
- Front
- Back
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Process innovations |
Changes that affect the way outputs are produced |
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Product or service innovations |
Changes in the actual outputs produced |
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Low costs |
The company has an advantage from maintaining a lower cost than its competitors |
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Differentiation |
The advantage comes from offering a unique good or service for which customers are willing to pay a premium price |
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Technology audit |
Process of clarifying the key technologies on which an organization depends |
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Disruptive innovation |
A process by which a product, service, or business model takes root initially in simple applications at the bottom of a market and then moves up market, eventually displacing established competitors |
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Prospectors firm |
Proactive technology push innovators have cultures that are outward looking and opportunistic |
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Defender firms |
Companies adopt a more circumspect posture toward innovation Operate in stable environments so their strategies focus on deepening their capabilities through technologies that extend rather than replace their current ones |
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Analyzer firms |
These hybrid organizations need to stay technologically competitive but tend to let others demonstrate solid demand in new arenas before responding |
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Make or buy decisions |
The question an organization asks itself about whether to acquire new technology from an outside source or develop it itself |
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Technical innovator |
Develops the new technology or has the skills needed to install and op6the technology |
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Product champion |
Promotes the idea throughout the organization, searching for support and acceptance |
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Executive champion |
Has the status, authority, and financial resources to support the project and protect the product champion |
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Development project |
A focused organizational effort to create a new product or process via technological advances |
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Agile design |
A flexible and interactive development process that us characterized by collaboration with customers, fast deployment, continuous improvement, collaborative communication |
