The document discusses managing innovation in Jordanian industry. It defines different types of innovation, from Innovation 1.0 which focuses on developing new products and selling them, to Innovation 2.0 which involves getting customer feedback to improve business models, to Innovation 3.0 which emphasizes collaboration both locally and globally to develop and refine ideas. The document argues that innovation can be managed by creating the right conditions to support it, such as investing in innovation and having regular innovative results, rather than trying to control the process. Barriers to innovation in Jordanian industry include problems developing new business models and convincing stakeholders of new ideas.
18. A Business Model...
...describes the rationale of how
an organisation creates,
delivers and captures value
• Customers • Infrastructure
• Offer • Financial viability
- Culture of Accepting failures - Organizations doing well may not able to innovateRemember:Success truly is the result of good judgment. Good judgment in the result of experience, and experience is often the result of bad judgment.