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Theme 7
Creating Innovative New Firms
Managing Innovation
STARTUP IS AN ORGANIZATION FORMED TO
SEARCH FOR A REPEATABLE AND SCALABLE
BUSINESS MODEL
СТАРТАП ЦЕ БІЗНЕС, ЩО РОСТЕ ВІД5% В МІСЯЦЬ І В
ЯКОМУ ВІДСУТНІ БІЗНЕС ПРОЦЕСИ.
© 2009 John Wiley & Sons Ltd.
www.wileyeurope.com/college/tidd
7
PROFILE OF A TECHNICAL ENTREPRENEUR
A person with a high n-Ach (achievement ):
• Likes situations where it is possible to take personal
responsibility for finding solutions
to problems;
• Has a tendency to set challenging but realistic
personal goals and to take calculated
risks;
• Needs concrete feedback on personal performance.
PROFILE OF A TECHNICAL ENTREPRENEUR
SMART Goals
• Specific – target a specific area for improvement.
• Measurable – quantify or at least suggest an indicator of
progress.
• Assignable – specify who will do it.
• Realistic – state what results can realistically be achieved,
given available resources.
• Time-related – specify when the result(s) can be
achieved.
Research over the past decade or so suggests that the
innovative activities of SMEs exhibit broadly similar
characteristics across sectors. They:
• are more likely to involve product innovation than
process innovation;
• are focused on products for niche markets, rather than
mass markets;
• will be more common amongst producers of final
products, rather than producers of components;
• will frequently involve some form of external linkage;
• tend to be associated with growth in output and
employment, but not necessarily profit.

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2016 - Lecture 7.pot

  • 1. Theme 7 Creating Innovative New Firms Managing Innovation
  • 2.
  • 3. STARTUP IS AN ORGANIZATION FORMED TO SEARCH FOR A REPEATABLE AND SCALABLE BUSINESS MODEL СТАРТАП ЦЕ БІЗНЕС, ЩО РОСТЕ ВІД5% В МІСЯЦЬ І В ЯКОМУ ВІДСУТНІ БІЗНЕС ПРОЦЕСИ.
  • 4.
  • 5.
  • 6.
  • 7. © 2009 John Wiley & Sons Ltd. www.wileyeurope.com/college/tidd 7 PROFILE OF A TECHNICAL ENTREPRENEUR
  • 8. A person with a high n-Ach (achievement ): • Likes situations where it is possible to take personal responsibility for finding solutions to problems; • Has a tendency to set challenging but realistic personal goals and to take calculated risks; • Needs concrete feedback on personal performance. PROFILE OF A TECHNICAL ENTREPRENEUR
  • 9. SMART Goals • Specific – target a specific area for improvement. • Measurable – quantify or at least suggest an indicator of progress. • Assignable – specify who will do it. • Realistic – state what results can realistically be achieved, given available resources. • Time-related – specify when the result(s) can be achieved.
  • 10.
  • 11.
  • 12.
  • 13.
  • 14.
  • 15.
  • 16.
  • 17.
  • 18.
  • 19.
  • 20.
  • 21.
  • 22. Research over the past decade or so suggests that the innovative activities of SMEs exhibit broadly similar characteristics across sectors. They: • are more likely to involve product innovation than process innovation; • are focused on products for niche markets, rather than mass markets; • will be more common amongst producers of final products, rather than producers of components; • will frequently involve some form of external linkage; • tend to be associated with growth in output and employment, but not necessarily profit.