Explain why there are particular types of innovation activities for which large firms are likely to outperform small firms, and in a similar token, there are types for which small firms are likely to outperform large firms. Cite examples of Philippine companies to support your explanation.
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Explain why there are particular types of innovation activities for which large firms are likely to outperform small firms, and in a similar token, there are types for which small firms are likely to outperform large firms. Cite examples of Philippine companies to support your explanation.
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- 1. Among the reasons why innovation strategy is important to companies/organizations, as a future entrepreneur/manager, select only one (1) that should be the most compelling reason, and explain your answer and cite a concrete example. 2. Which specific industry or organization that the academic sector, for example, Central Luzon State University offering BS Entrepreneurship at the College of Business Administration and Accountancy, should have a collaboration and innovation network? Explain your answer in relation to the advantages of having an innovation network discussed by Innolytics. 3. Based on the several reasons why companies/organizations undertake research and development, select only one (1) and convey your insights to explain about it.Use your own words to describe what is “disruptive innovation”. If you consider the industry structure (i.e., the 5 forces), is disruption innovation considered as the threat of new entrance, threat of substitutes, or Rivalry among existing competitors and why? Please list five (5) disruptive innovations in other industries (not automobile or related industries, as we will discuss the industry in detail later)Discuss the common steps involved in the innovation process in depth withrelevant references and examples.
- How can a firm ensure that the innovation strategy aligns with the broader strategic goals of an organization, and what techniques can a firm use to achieve this alignment?Part One: Indicate whether the following sentences are true or false: One level of incremental / radical innovation concentrates on causing a fundamental transformation in the resulting products or services and transforming the market place and/or the economy as a whole.Conduct an innovation audit of your chosen organization and critically assess how innovation has impacted the organization over the past five years. Your innovation audit should be based on the organisation’s culture, agility, resources and skills.
- Provide an excellent explanation of the concept of disruptive innovation and of strategies which have been developed in, and impacted on, the market sector, citing excellent examples; provide an excellent critical assessment of their impact in relation to the chosen theme, applying, with excellent justification, a range of referenced approaches, eg, competitor, risk and impact analysis, demonstrating excellent insights.Explain how this innovation solution(injuries and violence) would address the 5 characteristics (Relative Advantage, Trialability, Complexity, Compatibility, and Observability)A wise man will make more opportunities than he finds. What and why does this have to do with technology and innovation? What does it have to do with competitive advantage? Explain and use examples
- Put yourself in the shoes of the VP for Marketing and develop a marketing plan for Nitro snowboarding Overview: Nitro has been designing, building and distributing snowboards for almost 30 years. Recently through extensive R&D, our engineers have designed a new board that will revolutionize backcountry boarding for years to come. As the VP, you need to analyze and understand how to best market the company’s new innovation and craft a Marketing Plan. As you craft your plan, consider the iconic status of existing snowboards, and the lack of any recent radical innovations in the category, which pose major challenges in securing consumer adoption. If the company continues along the same distribution channels as their other board lines, Nitro potentially lacks the market penetration and sales that is forecasted for this new innovation. You will need to consider a cohesive and innovative plan for all 4 P’s of this product launch. Based on this information, create a go-to-market strategy…Part One: Indicate whether the following sentences are true or false: levels of innovation can be classified as incremental/radical innovation or sustaining/discontinuous innovation. Incremental /radical innovation focuses on the newness and impact of innovation.Often, innovation involves approaching an existing idea or product from a new perspective to improve it. Explain the four (4) different types of innovation that you study this semester? Explain your answers.