1
What is incremental innovation?
Incremental innovation is an innovation that makes a relatively minor change from (or adjustment to) existing practices
What is radical innovation?
Radical innovation is an innovation that is very new and different from prior solutions
Does the type of innovation vary depending on who assesses it? And why?
Yes, an innovation can be competence-enhancing to one firm while it is competence-destroying for another firm, it is always important to consider WHO is assessing the innovation
What is the difference between competence enhancing/destroying innovation?
A competence-enhancing innovation builds on existing knowledge and skills while the other one renders these obselete
What are the Axes on a graph measuring the S-Curves
The technology’s performance is plotted against the amount of effort and money invested in the technology
What is technology diffusion?
Technology diffusion is the spread of a technology through a population
Is a smart watch an architectural or component innovation?
Architectural innovation occurs when new products or services use existing technology to create new markets or target new customer segments. The smart watch used existing cell phone technology and was repackaged into a watch.
What is a discontinuous technology
A discontinuous technology fulfills a similar market need by building on an entirely new knowledge base
High definition became a standard in the Television industry, which concept is that?
Dominant design : a product design that is adopted by the majority of producers, typically creating a stable architecture on which the industry can focus its efforts
New machine has been invented and added to the automobile production lines in order to accelerate production. Is this process or product innovation?
It will be considered as a product innovation for the machine producers but it will be considered as a process innovation for the car producers
What are the limits of the S-Curves? Cite at least two of them.
1. It is rare that the true limits of a technology are known in advance
2. Unexpected changes in the market, component technologies, or complementary technologies can shorten or extend the life cycle of a technology
3. Firms can influence the shape of the s-curve through implementing new development approaches or revamping the architecture design of the technology
What type of innovation is Chat GPT? Answer for ¾ of the different categories.
Product innovation ; Competence-destroying ; Architectural ; Radical