Chapter 7 - Chapter 7 Innovation and Change -...

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Chapter 7 Innovation and Change - Organizational innovation -The successful implementation of creative ideas in organizations. - Creativity -The production of novel and useful ideas. - Organizational change -A difference in the form, quality, or condition of an organization over time. Organizational Innovation 1. Technology Cycles - technology cycle -A cycle that begins with the “birth” of a new technology and ends when that technology reaches its limits and is replaced by a newer, substantially better technology. o Typically follow S-curve pattern of innovation - S-curve pattern of innovation -A pattern of technological innovation characterized by slow initial progress, then rapid progress, and then slow progress again as a technology matures and reaches its limits. 2. Innovative Streams - Innovation streams -Patterns of innovation over time that can create sustainable competitive advantage. - Technological discontinuity -A scientific advance or unique combination of existing technologies that creates a significant breakthrough in performance or function. - Discontinuous change -The phase of a technology cycle characterized by technological substitution and design competition. - Technological substitution -The purchase of new technologies to replace older ones. - Design competition -Competition between old and new technologies to establish a new technological standard or dominant design. - Dominant design -A new technological design or process that becomes the accepted market standard. - Technological lockout -When a new dominant design (i.e., a significantly better technology) prevents a company from competitively selling its products or makes it difficult to do so. -
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Chapter 7 - Chapter 7 Innovation and Change -...

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