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Namrata
1. What is Innovation management? Write down the steps.
2. What is a breakthrough or disruptive innovation? How does it differ from
incremental innovation? Give examples.
3. Discuss a few quality process innovation tools?
4. What is strategic inflection point? How do you recognize the strategic
inflection point ? what is the need for this? Explain with examples.
5. to reach a strategic inflection point? Use a balance score card (BSC) to
elaborate this.
Raj
6. What are the hurdles to technology diffusion? Explain this in relation to Fujis
technologic and strategic prevelance in digital photo diffusion.
7. Can emerging technology itself become the technology platform on which
successful diffusion takes place? Give one example.
8. What are complementary assets? How do they help in technology diffusion?
9. What are open standards and how do they help in technology diffusion?
10. In India the internet penetration is only around 20 %. Identify the
technology diffusion hurdles and create a BSC to assess the most pertinent
obstacle. You can also mention the other methodologies or tools used to
identify this?
Question paper
11. What is Innovation management? Write down the steps.
Ans ) Innovation management is the discipline of managing processes in innovation. It can be used
to develop both product and organizational innovation. Without proper processes, it is not possible for
R&D to be efficient; innovation management includes a set of tools that allow managers and engineers
to cooperate with a common understanding of goals and processes. The focus of innovation
management is to allow the organization to respond to an external or internal opportunity, and use its
creative efforts to introduce new ideas, processes or products
Innovation processes can either be pushed or pulled through development. A pushed
process is based on existing or newly invented technology, that the organization has
access to, and tries to find profitable applications to use this technology. A pulled process
tries to find areas where customers needs are not met, and then focus development
efforts to find solutions to those needs.
The Steps to Innovation Management:
a.
b.
c.
d.
e.
f.
g.
h.
Challenge
Collaboration.
Combination.
Peer Review Evaluation.
Testing and Development
Implementation.
Review
New needs and Inspiration.
14. What is strategic inflection point? How do you recognize the strategic
inflection point ? what is the need for this? Explain with examples.
A point at which technology changes the playing field wherein
a. Old rules of winner / loser change.
b. Changes cannot be easily predicted.
Ways to Recognize Strategic Inflection Point
Use diagnostic tools like BSC, Statistical SAS, to identify impact of technology on
overall ROI.
Measure new techno against a life cycle of competitive innovations and diffusion.
Strategies for navigating periods of technological change.
Technology needs completeness: eg for automobiles roads are a must;
for e-marketing internet is a must.
Open standards: makes technology diffusion easy eg. the blue ray disc,
Andriod OS. When to allow open standards?
Institutional changes : tech has to be backed by new org structure,
behaviour , all a by product of innovation. If perceived in a negative way
then org resistance will follow. Eg. techno creating job loss; GM food; plastic
money creating debts.
16. What are the hurdles to technology diffusion? Explain this in relation to Fujis
technologic and strategic prevelance in digital photo diffusion.
17. Can emerging technology itself become the technology platform on which
successful diffusion takes place? Give one example.
18. What are complementary assets? How do they help in technology diffusion?
Complementary assets are assets, infrastructure or capabilities needed to support the
successful commercialization and marketing of a technological innovation, other than
those assets fundamentally associated with that innovation.
Value chain: complementary assets of sales force, distribution channels, brand image,
customer relationships, etc other than technology takes hold into a quagmire for start
ups.eg. digital camera took a long time due to the customer belief in what Kodak
believed , that digital can never have photographic quality; EMI invented the Cat scan but
in less than a decade had to quit due to GE. To access comple assets IT 70% ( 50% for
others) start ups let themselves be acquired/ merged/ out of business in ten years time.
Eg the last mile problem of internet co. @home. If you cant bypass it buy it or join it is
the mantra for start ups.eg. NCL , Canada to Microsoft.
19. What are open standards and how do they help in technology diffusion?
A set of technological standards that are not the intellectual property of any firm,
typically recognized standards, established by industry worldwide or multi firm
organizations.
Helping in Technology Diffusion:
1. Since the specifications are known and open, it is always possible to get another
party to implement the same solution adhering to the standards being followed.
2. Another major benefit is that it will be easier for systems from different parties or
using different technologies to interoperate and communicate with one another.
3. Using open standards will also offer better protection of the data files created by
an application against obsolescence of the application.
4. If open standards are followed, applications are easier to port from one platform to
another since the technical implementation follows known guidelines and rules,
and the interfaces, both internally and externally, are known
Aditya
21. Value curves of the budget Airlines in US strategic canvas is as shown
below:
Can you create a blue ocean for South west Airlines? Justify the value
innovation strategy with suitable explanations.
22. What is technology completeness? Explain with an example.
23. What is winners curse? How can you overcome this?
1.
24.
2.
25.
3.
26.
4.
27.
Sunil
28. What is the concept of The six hats system of De Bano to foster
innovations?
29. Your product is in the cash cow phase of the PLC. What is the best
strategy would you use to ensure continued profits for your co. taking
blue ocean strategy and incremental innovation into consideration?
30. What are the hurdles to technology diffusion? Explain this in relation to
Fuji technologic and strategic prevalence in digital photo diffusion.
31. Enumerate a few sources of innovation.
32. How do you create innovation in self?
Question paper
Sunil.
33.
What is the concept of The six hats system of
De Bano to foster innovations?
Dr Edward de Bono's 'Six Thinking Hats' will provide the skill and tools that can be applied
immediately. It is a simple and effective system that increases productivity. The principle
behind the 'Six Thinking Hats' is parallel thinking which ensures that all the people in a
meeting are focused on and thinking about the same subject at the same time.
In this system thinking is divided into six categories with each category identified with its own
coloured metaphorical 'thinking hat'. By becoming pre-sensitised to each of the 'hats' one can
easily focus and re-direct thoughts, conversation, meetings or reports. In team environments the
difference between brilliant and mediocre teams lies not so much in their collective thought but
in how well they use them and how well members work together.
Organisations that use the 'Six Thinking Hats' system report that their teams are more
productive and in general "happier and healthier".
It is a fact that meeting productivity depends not so much on who attends but in how well the
facilitator runs the meeting. Invariably times for meetings using this system have been reduced
by at least 40%.
34.
Your product is in the cash cow phase of the PLC.
What is the best strategy would you use to ensure
continued profits for your co. taking blue ocean
strategy and incremental innovation into
consideration?
Cash cows are units with high market share in a slow-growing industry. These units typically generate
cash in excess of the amount of cash needed to maintain the business. They are regarded as staid and
boring, in a "mature" market, and every corporation would be thrilled to own as many as possible. They
are to be "milked" continuously with as little investment as possible, since such investment would be
wasted in an industry with low growth
Incremental Innovation
Incremental innovation (sometimes referred to as sustaining innovation) uses existing forms
or technologies as a starting point.
It either makes incremental improvements to something or some process or it reconfigures
it so that it may serve some other purpose.
Other good examples include the:
Apple iPod. The original iPod came in just white, and enabled you to store and play your
mp3 music collection only. Incremental improvements have occurred over time so that
today you can buy them in many different colours; store your family photographs and even
your video collection.
Global Positioning Satellite. These are now common place in motor vehicles to assist
drivers in getting from A to B. GPS systems in cars are an example of an incremental
innovation in which something that already exists has just been reconfigured to another
use.
BOS is the result of a decade-long study of 150 strategic moves spanning more than 30
industries over 100 years (1880-2000).
The aim of BOS is not to out-perform the competition in the existing industry, but to create
new market space or a blue ocean, thereby making the competition irrelevant.
While innovation has been seen as a random/experimental process where entrepreneurs and
spin-offs are the primary drivers as argued by Schumpeter and his followers BOS offers
systematic and reproducible methodologies and processes in pursuit of blue oceans by both
new and existing firms.
BOS frameworks and tools include: strategy canvas, value curve, four actions framework, six
paths, buyer experience cycle, buyer utility map, and blue ocean idea index.
These frameworks and tools are designed to be visual in order to not only effectively build
the collective wisdom of the company but also allow for effective strategy execution through
easy communication.
The three key conceptual building blocks of BOS are: value innovation, tipping point
leadership, and fair process.
35.
What are the hurdles to technology diffusion?
Explain this in relation to Fuji technologic and
strategic prevalence in digital photo diffusion.
should be thinking, how can I do health or education better with technology? There has been a lot of waste in using
technology in ways that are not relevant.
Fuji technology:
http://www.fujifilmholdings.com/en/news/2008/0213_01_01.html
36.
37.
A culture of innovation has less to do specifically with new products, new processes, or new ideas. There are of
course discrete innovations such as the iPhone or a battery that is powered by viruses (MIT has developed this).
These are valuable and necessary in order to create a culture of innovation.
But a culture of innovation is more than new ideas. It needs to be repeatable, predictable, and sustainable. This only
happens when you treat innovation like you treat all other capabilities in your business. This means having, amongst
other things, a defined process.
A portfolio of challenges
A portfolio of solutions
A portfolio of projects
A Portfolio of Challenges
All companies have challenges. They can be technical challenges on how to create a particular chemical compound.
They can be marketing challenges on how to best describe your product to increase market share. They can be HR
challenges around improving employee engagement.
An organizations ability to change (i.e., innovate) hinges on its ability to identify and solve challenges. Challenges are
sometimes referred to as problems, issues, or opportunities. But at the end of the day, they are all just various forms
of challenges. I will use these terms interchangeably here.
Where do you find these challenges? You can find them anywhere from customers, employees, shareholders,
consultants, vendors, competitors, and the list goes on.
And guess what, some of the most important challenges to solve are hidden due to organizational blind spots and
assumption-making.
The meta-challenge for all organizations is to find which challenges, if solved and implemented, will create the
greatest value. Given that organizations have limited resources and money, prioritization is critical.
My favorite quote (used many times in this blog) comes from Albert Einstein If I had an hour to save the world, I
would spend 59 minutes defining the problem and one minute finding solutions. Most companies spend 60 minutes
of their time finding solutions to problems that just dont matter.
Therefore, the first step in creating a culture of innovation is to surface, identify, and codify challenges. And then you
must become masterful at valuing, prioritizing, and framing these challenges.
Think of your innovation portfolio much like you would handle a financial investment portfolio. You want some safe
bets (incremental innovation) and some riskier investments (radical innovation). You also want a variety of
innovations ranging from technical challenges to marketing challenges, and service challanges to performance
improvement challenges.
Once you have the right challenges to solve, the next step is to find solutions.
A Portfolio of Solutions
Every challenge has multiple potential solutions. And there are multiple ways in which to find these solutions.
Some challenges are solved in the moment by the person who thinks them up. Most challenges in fact are solved this
way. These challenges tend to be unarticulated in that they are not presented to the organization as a problem to
solve.
Other challenges are more complex and require specialized expertise. You need to find the right person(s) with the
right knowledge.
Others require less technical expertise and are solved through creative thinking.
For each challenge, you need to first determine which mechanism would best yield a viable solution. Approaches
include, but are not limited to
Internal Individual/Team: This is the most common way challenges are typically solved. This is when you
use internal resources whose job is to solve these types of challenges. For example, this would be the
development team members assigned to a particular product. They are paid to solve their product development
challenges. Brainstorming is often the tool of choice.
Internal Crowdsourcing: Sometimes the best solutions are found by people who typically do not work on
this problem. It might be a customer service representative finding a great new branding idea. Or maybe it is
tapping into R&D people who are in different parts of the organization. Sometimes this can be achieved through
company-wide competitions. Read my article on howreality TV show type competitions can be used to stimulate
creativity.
Outsourced (External Single Source): Some challenges can be solved (and potentially implemented) by a
third party who takes ownership for delivering the result. Typically, outsource partners are found through some
type of RFP process. eLance.com is a well-known example of a platform that matches specific challenges with
bidders who are able to solve specific types of problems.
External Crowdsourcing: Some challenges are best solved by a diverse group of external solvers who can
independently work on a solution to your problem. In some circles, this is referred to as Open
Innovation. InnoCentive and 99Designs.com are two good examples of this. A challenge is posted and solutions
are provided by a wide variety of solvers.
These are only a few of the many approaches. If one technique (e.g., internal team) does not yield a workable
solution), try a different approach (e.g., external crowdsourcing).
Regardless of which technique(s) you use, the result will be a portfolio of solutions for the given challenge.
Depending on the technique you use, you may end up with a low signal to noise ratio. This is the ratio of a signal
(what you want that is, good ideas) to the noise (what you dont want the duds). Your success is often based on
your ability to separate the wheat from the chaff.
The next step is to strengthen and select the best ideas, combining them into a comprehensive solution. If you find a
solution that works, the next step is to implement.
A Portfolio of Projects
The final attribute of a culture of innovation is the ability to take all of the selected solutions and turn them into
programs/projects so that they can be converted from ideas into reality.
Elsewhere on this blog, I discuss many different ways of making this happen. Some of them include Build It, Try It,
Fix It an iterative development process where you learn by doing rather than analyzing. Other more waterfall type
development approaches are more linear and rely heavily on analysis and testing (analyze, design, build, test,
deploy).
Regardless of how you implement, without this step, you end up with lots of ideas on the cutting room floor, none of
which create value.
During implementation, it is critical that you keep track of the value proposition for each project, having the courage to
change direction, or, in some cases, killing ideas altogether.
Bottom Line
A culture based on surfacing, solving, and implementing valuable challenges can make innovation repeatable and
predictable. This requires more than just a process, it requires an entire innovation capability [read my perspectives
on the innovation capability].
My mantra is, When the pace of change outside your organization is faster than the pace within, you will be out of
business. And as we all know, todays pace of change is crazier than ever. A culture of innovation, when done right,
can give you a leg up in a highly evolving marketplace.
Rahul
38. How do you create an Innovative / learning organisation.
What are the system context factors for a battery powered car
39. What is a technology stack and how do you define stack ownership and
dominance?
40. The analytical reasons given in technological adoption/ implementation
and innovation management that created such a stupendous success of
Apple?
Pradeep
41. How far is the strategy of Blue oceans effective? Explain with refs to
industry samples.
42. What is a bundled architecture in technology stack? Enumerate the
main components of Technology adoption. No explanation is required. If
you are looking.
43. What is blue ocean strategy and why innovations based on this is very
effective? Name one co which has adopted blue ocean strategy in a big
way?
44. You are the MD of ITCs soap division. Using blue ocean strategy can
you innovate and create a new market space? If so how?
Mathur
45. What are the six principles and six paths to using the concept of Blue
ocean strategy? Explain with examples?
46. What are the internal 7S changes required to ensure smooth adoption
of automation in a garment factory?
47. In Colins Hunter or Hunted Porters 5F +1 is mentioned. What is this
+1?In which parts of Poters 5F analysis do you see a new technology
impact ?
Dynamite
48. What are the advantages & disadvantages in dealing with emerging
technologies in a large size firm? Give examples from history?
49. How do large firms overcome technology diffusion problems? Explain
with examples from the past.
50. Measuring emerging technology against a life cycle of competitive
innovations and diffussions is the best technology impact diagnostics.
Explain with examples.