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Topic 6: Sources Of Innovation - Coggle Diagram
Topic 6:
Sources Of Innovation
:question:Where Innovations Comes From?
:books: Knowledge Push
refers to the process by which
new knowledge or technology
is
created in academic or research institutions
and then transferred to industry for
commercialization
:fist-2::skin-tone-2: Need Pull
refers to the process of innovation being
driven by the needs or demands
of the market or consumers
:stopwatch: Making Processes Better
the need for process innovation can arise internally within an organization due to sources of frustration and inefficiency
:car:
Kaizen
: involves making small, incremental changes to a process or system over time with the goal of improving quality, efficiency, and productivity
:keyboard:
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
.
:question:Whose Needs?
:part_alternation_mark: Pattern of Disruptive Information
:fountain_pen:
displacement
of existing companies
:silhouettes:
emergence of new players
who are able to leverage the new information or technology to their advantage.
:building_construction: Emerging Markets
refer to economies that are
experiencing rapid growth
and industrialization, often with a large and growing middle class
:earth_asia:
Examples
of emerging markets include China, India, Brazil, and Indonesia.
:construction_worker::skin-tone-2: Towards Mass Customization
:arrow_up: producing customized products in
large quantities
at a cost comparable to mass-produced items
:male-technologist::skin-tone-2:
leveraging technology
and flexible manufacturing processes.
:question:
Users As Innovators
Innovation can also come from concerns and inconveniences felt by consumers.
:smiley: Using The Crowd
Crowdsourcing
: organization makes an open call to a large network to provide some voluntary input or perform some function.
:pencil2:
Example
: innovation contests, innovation markets, innovation communities
:frowning: Extreme Users
:desktop_computer: Application of existing technology to new industries
:pencil2:
Example
: the application of ABS brakes in cars
:question:Prototyping
offers as a stepping stone in our thought processes
:eyes:
Watching Others
:
Benchmarking
to compare what competitors are already doing in the market
:star:
Recombinant Innovation
:lower_left_paintbrush: Opens up space for new and different innovations
:globe_with_meridians: Opens up connections to new networks
:money_with_wings: Reduce learning costs
:star:
Design-led Innovation
:information_desk_person::skin-tone-2: puts the user at the center of the design process
focus on creating products and services that meet their needs and desires.