Topic 6:
Sources Of Innovation

❓Where Innovations Comes From?

πŸ“š Knowledge Push

πŸ‘ŠπŸ» Need Pull

⏱ Making Processes Better

❓Whose Needs?

γ€½ Pattern of Disruptive Information

refers to the process of innovation being driven by the needs or demands of the market or consumers

refers to the process by which new knowledge or technology is created in academic or research institutions and then transferred to industry for commercialization

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the need for process innovation can arise internally within an organization due to sources of frustration and inefficiency

πŸš— Kaizen: involves making small, incremental changes to a process or system over time with the goal of improving quality, efficiency, and productivity

⌨ TQM: aims to continuously improve the quality of products, services, and processes by involving all employees in the organization and using data to make decisions.

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πŸ— Emerging Markets

βœ’ displacement of existing companies

refer to economies that are experiencing rapid growth and industrialization, often with a large and growing middle class

🌏Examples of emerging markets include China, India, Brazil, and Indonesia.

πŸ‘₯ emergence of new players who are able to leverage the new information or technology to their advantage.

πŸ‘·πŸ» Towards Mass Customization

⬆ producing customized products in large quantities at a cost comparable to mass-produced items

πŸ‘¨πŸ»β€πŸ’» leveraging technology and flexible manufacturing processes.

❓ Users As Innovators

Innovation can also come from concerns and inconveniences felt by consumers.

πŸ˜ƒ Using The Crowd

😦 Extreme Users

Crowdsourcing: organization makes an open call to a large network to provide some voluntary input or perform some function.

πŸ–₯ Application of existing technology to new industries

✏ Example: innovation contests, innovation markets, innovation communities

✏ Example: the application of ABS brakes in cars

❓Prototyping

offers as a stepping stone in our thought processes

πŸ‘€Watching Others: Benchmarking to compare what competitors are already doing in the market

⭐Recombinant Innovation

⭐ Design-led Innovation

πŸ–Œ Opens up space for new and different innovations

🌐 Opens up connections to new networks

πŸ’Έ Reduce learning costs

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πŸ’πŸ» puts the user at the center of the design process

focus on creating products and services that meet their needs and desires.