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BMGT 364 Session 9 - Innovation

BMGT 364 Session 9 - Innovation - BMGT 364 Management and...

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© Copyright 2010 Innovation BMGT 364: Management and Organizational Theory Fall 2011; Session 9 Gosia A. Langa Department of Management & Organization
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© Copyright 2010 Why does innovation matter  to companies?  How can innovation be  promoted and managed  effectively?  Innovation leaders:  Google  IDEO Agenda
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© Copyright 2010 What is Innovation? The successful implementation of creative ideas in  organizations. The intentional introduction and application of  new   ideas,  processes, products or procedures designed to  significantly benefit  an individual, a group, an organization  or wider society. Source: West & Anderson (1996); Anderson, De Dreu, & Nijstad (2004).
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© Copyright 2010 Types of Innovation Incremental  or Exploitative:  builds upon existing  knowledge or resources and involves modest  technological change. Radical  or Exploratory:  requires completely new  knowledge and/or resources and involves large  technological advancements. What examples can you think of? Source: Abernathy (1978); Benner & Tushman (2003)
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© Copyright 2010 Why innovation matters 1900-1910 airplane, plastic, air  conditioner 1911-1920 mammogram, zipper, sonar 1921-1930 talking movies, penicillin, jet  engine 1931-1940 radar, helicopter, computer 1941-1950 atomic bomb, bikini, transistor 1951-1960 oral contraceptive, Tylenol 1961-1970 video recorder, handheld  calculator, computer mouse 1971-1980 compact disc, gene splicing, laser  printer 1981-1990 MS-DOS, space shuttle, CD- ROM 1991-2000 taxol, Pentium processor, Java 2001-today First cloning of human embryo
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© Copyright 2010 Facts To Consider The average life span of a multinational  company - Fortune 500 or equivalent -  is approximately 45 years.  One third of the companies listed in the  Fortune 500 in 1970 for example, had  disappeared by 1983 - acquired,  merged or broken to pieces.
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