Seminar presentation-innovation-slides

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Seminar presentation-innovation-slides

  1. 1. INTRODUCTORY SEMINAR LECTURE 7th May 2013 Leonard Raphael
  2. 2.  The role of innovation  What is innovation?  What is innovation management?
  3. 3. The aim of innovation...  Depends on the type of firm  Goal is mostly to survive, to grow, to make profit  R&D departments generally strive for the best technical solution...  ... but what matters for innovation is how it influences survival chances, profit and growth opportunities!
  4. 4. Innovation management.....  Has to be understood as a core process of the organisation -> It is related to what is being produced  Is a long term race  Is about continuity  Has to deal with complexity!!  Is about being systematic  developing routines around innovation
  5. 5.  Invention  Technology  Innovation  Creating new or improved products, processes and services  Knowledge and learning  Uncertainty
  6. 6.  An ’invention’ is an idea, a sketch or model for a new or improved device, product, process or system. It has not yet entered to economic system, and most inventions never do so.  An ’innovation’ is accomplished only with the first commercial transaction involving the new product, process, system or device. It is part of the economic system.
  7. 7. Product innovation: changes in the things (products or services) which an organisation offers Process innovation: changes in the ways in which they are created an delivered Position innovation: changes in the context in which the product or services are introduced Paradigm innovation: changes in the underlying mental modes which frame what an organisation does The ‘4Ps’ of innovation
  8. 8. According to the degree of codification: Information to tacit knowledge Wisdom Tacit knowledge Explicit Knowledge Information Data Tacit Codified
  9. 9. ©2005 Joe Tidd, John Bessant and Keith Pavitt
  10. 10. ©2005 Joe Tidd, John Bessant and Keith Pavitt
  11. 11. Patents & copyrights Scientific papers Scientific papers Trade secrets Trade secrets Shared expertise Codification Property D isclosure Completely tacit Fully codifiablePrivately ow ned Public Restricted access Fully disclosed Know ledge product space Source: David y Foray (1994)
  12. 12.  New market emerges  New technology emerges  New political rules emerge  Running out of road  Change in market sentiment or behaviour  Deregulation or reregulation  Fractures along ’fault lines’  Unthinkable events  Business model innovation  Shifts in techno-economic paradigm  Architectural innovation
  13. 13.  Type of sector  Size of firm  The country and region  The stage in the industry life cycle  Political regulations
  14. 14.  Globalisation  Sustainability  Networking organisation
  15. 15. The transitional phase A dominant design  Convergence around one design  Rolling bandwagon → innovation channeled around a core set of possibilities → a technological trajectory Imitation and development  Reliability, cheaply, higher functionality, quality  The specific phase  Rationalisation & scale economies  Differentiation through customisation  Scope for innovation becomes smaller
  16. 16.  Different kind of innovations  Context specific  Innovation has different stages  Knowledge is the key

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