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IIDS Lect 3_ Part 2: Growth and innovation (Growth: 2. Perspectives on…
IIDS Lect 3_ Part 2: Growth and innovation
Growth: 2. Perspectives on business growth
Resource-based view and learning approaches
Managerial approaches
Social network approaches (networking for growth, cluster)
Economic approaches
Evolutionary (stage models, population ecology)
Random approaches
See appendix slide 25-31
Innovation ch 5
Measures of innovation
Context and types of businesses
Types of innovation
Types of innovation
Dyson slide 34-38
slide 36
Innovation
: (use the invention in market --> operational) first commercialisation of a new idea
Imitation
: (might be new in certain markets but in others not) Copying new idea
Invention:
(the idea of adding the cyclone to the vacuum cleaner) development of idea for a new product or process
Product & process innovation
Product innovation:
Change what is made
Process innovation
: Change how something is made
Radical & Incremental innovation
Radical
: competence destroying
Incremental:
competence enhancing (smaller adaptions use the previous competence)
Innovation measures
Intermediate output ex patented the idea still doesn't guarantee you make it to the market
output new product services on the market
Input : Knowledge, R&D
See slide 40/44
Context and types of businesses
Source
Endogenous (e.g. Spin-offs)
Exogenous (Schumpeter, creative destruction)
SB Vs LB
SB Behavioural advantage
LB Resource advantage
See appendix slide 43/44