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MBA 6103
Managing Innovation
Unit 1
What is Innovation?
• The Growth Imperative

• Process Improvement and Efficiency
• Creating Sustainable Competitive Advantage
• Incremental vs. Radical Innovation
• Sustaining vs. Disruptive Innovation
• Creating New Market Space

• Crafting an Innovation Strategy
• Technology and the MP3 File
• A Platform for Delivery
• Hardware for the Consumer
• Recipe for Disruption
• Parallels to Print Publishing
• Exploits Existing Processes or Technologies
• Improves or Reconfigures Something Already in Existence
• “Innovation at the Margins”

• Serves to Extend the Product Life Cycle
• Might be Represented in the Form of an Upgrade or Process/Service Improvement
• Something New
• A Divergence from the Norm
• Has Potential to Upset Existing Business Models

• Can Create New Market Space
• Can Eliminate Existing Forms of Competition
• Four Dimensions of Innovation Space
• Product Innovation
• Process Innovation

• Position Innovation
• Paradigm Innovation
• Can Eliminate Existing Forms of Competition
Unit One- (MGT 6103)

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Unit One- (MGT 6103)

  • 1. MBA 6103 Managing Innovation Unit 1 What is Innovation?
  • 2. • The Growth Imperative • Process Improvement and Efficiency • Creating Sustainable Competitive Advantage • Incremental vs. Radical Innovation • Sustaining vs. Disruptive Innovation • Creating New Market Space • Crafting an Innovation Strategy
  • 3. • Technology and the MP3 File • A Platform for Delivery • Hardware for the Consumer • Recipe for Disruption • Parallels to Print Publishing
  • 4. • Exploits Existing Processes or Technologies • Improves or Reconfigures Something Already in Existence • “Innovation at the Margins” • Serves to Extend the Product Life Cycle • Might be Represented in the Form of an Upgrade or Process/Service Improvement
  • 5.
  • 6. • Something New • A Divergence from the Norm • Has Potential to Upset Existing Business Models • Can Create New Market Space • Can Eliminate Existing Forms of Competition
  • 7. • Four Dimensions of Innovation Space • Product Innovation • Process Innovation • Position Innovation • Paradigm Innovation • Can Eliminate Existing Forms of Competition