2.3. 2.4. The role of IT in the innovation process
Pervasive applications of IT have led to three evolutionary changes in the innovation process (Quinn et al. 1997). Firstly, IT contributes to the management of knowledge used in innovation production processes. Secondly, IT enables phases of the innovation production process from concept development to design, engineering and manufacturing. Thirdly, IT enables the collaborative process of innovation between internal and external partners.
2.1.1. Enabling role of IT in knowledge management of innovation
Creation of innovations derives from cumulated prior knowledge. Hence, management of knowledge is a critical activity for the creation of innovations. Technologies like clouds, networks and
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Enabling role of IT in innovation production
The main step in the innovation process is to convert the idea to an objective product/service. Although there are slight differences in different models for innovation production, all of them are agreed on four major phases of development: concept development, product development, engineering and manufacturing (Roozenburg et al. 1995). Information technology can play an enabling role in all these phases. In the concept development phase, technologies like CRM and open innovation tools help to gather new ideas around all partners’ requirements in the value chain (Bakhshi et al. 2009; Lin et al. 2010).
In the product development and engineering phases, IT can also support efficient design capabilities. Computer based design and manufacturing applications (CAD/CAM systems) encode a new product’s design and make it available across entire innovation production process. This allows team members to integrate their design efforts, whether in local or distant R&D centers, from product conception through final assembly (de Waal et al. 2010). Also, virtual prototyping is a useful method which not only reduces the cost of traditional wood and clay methods, but allows prototypes to be developed and used earlier in the innovation production process. Engineers can use digital prototypes to run computer simulations to test component compatibility, overall workability, and failure analysis (Johnson, et al. 1998). Through this technique, poor designs would be filtered out earlier in the process and overall innovation process efficiency could be improved (Thomke,
Tidd, J., & Bessant, J. (2011). Managing innovation: integrating technological, market and organizational change. John Wiley & Sons.
Business model design is a problem-solving process that focuses on how to create value for customers through a unique, sustainable business structure (Wei, Yang, Sun, & Gu, 2014; Esslinger, 2011). Business model innovation has been defined more specifically as the “discovery of a fundamentally different business model in an existing business” (Eichen, Freiling, & Matzler, 2015). There are four objectives to a business model design or innovation process: (1) satisfy an existing but unanswered need, (2) bring new technologies, products, or services to market, (3) improve, disrupt, or transform an existing business market with a better business model, or (4) create an entirely new market (Osterwalder,
...ir knowledge base through the lessons learned by working with a multitude of companies, each with their own distinct characteristics, they were able to transition from a product development company to a company that offers a strategic partnership that provides innovative solutions focusing on the business as a whole. Now, IDEO creates and enhances some of the most creative organizations on the globe. A major shift in the paradigm established in 2000 focus on invention and the individualist nature of product design. Innovative companies such as Procter & Gamble have benefited immensely from the years of innovative evolution and learning experienced by IDEO. The more IDEO learns, the more their customers learn. This in turn helps IDEO to further their knowledge base creating a continuous loop of design thinking seemingly driven by a perpetual motor that breeds success.
Christensen suggests a broad definition of the concept of innovation. To him, innovation refers to all changes of “processes by which an organization transforms labor, capital, materials and information into products or services of greater value” (Christensen 1997/2002) [14]. Thus, in addition to creating new processes and products, innovation also includes new types of business models. The DIT recognizes two types of innovation: on the one hand, sustaining innovations generate growth by offering a better performance in existing markets. Usually, regardless of whether they are incremental or radical, these innovations are exploited successfully by the established players in an industry and do not lead to revolutionary changes in an industry’s landscape. On the other hand, compared to existing products and business models, disruptive innovations initially have a lower performance in the traditionally most important performance criterion (such as functionality, speed, or
Innovations can be intimidating however, if you don’t embrace it, progress will be hard to obtain. Thus, the demand for information and Computer systems personal is sky rocketing because most companies don’t want to be left in the past. But want a competitive advantage and use the new innovations that are revolutionizing the business
There is not a specific study I can point out to that improved the use of computer-aided design/computer-aided manufacturing (CAD/CAM). However, over the years, CAD/CAM systems have been improved using new technology. These new ideas have produced higher and more uniform quality material while reducing production cost. The authors point out that this system is ever changing; they propose that in the future we will eliminate impressions and stone model with intramural date scanners and digitizers.
Diffusion of innovation can be defined as disseminating changes. Ideas of innovation usually come with the need to change an aspect of a product or process. Innovations are diffused at different rates based on different circumstances surrounding the situation. Rogers (2003) described diffusion of innovation as a special type of communication of information that involves uncertainty and brings about social change. The four main elements of diffusion of innovation are: the description of the innovation, communication channels, time and the social system. Each of these elements play a pivotal role in the implementation of a successful innovation.
Thank you for agreeing to participate in an interview. This interview is part of an assignment for an Intrapreneurship and Innovation Course at Grand Canyon University. The assignment asks students to garner first-hand perspective on the challenges of innovation and reflect on what they have learned in the course. Information collected during the interview will be used solely to complete the assignment and may be shared with class members and the instructor. If you have additional questions or concerns, or you would like to withdraw your consent to participate in the interview process, you can contact Frank Spitznogle at frank.spitznogle@gcu.edu. Again, thank you for taking the time to participate in an interview and contribute to the educational experience of business students at Grand Canyon
When you look at your cell phone do you ever ask yourself, how did they come up with this idea? There are companies that have systems specifically targeting innovation development; it allows employees to be in an environment that will help stimulate ideas for that will help enhance the company’s product(s). This type of system is called innovation architecture. According to ‘textbook’, “It’s a blueprint for strategic and industry transformation—an explicit and widely shared point of view about how the company will strive to differentiate itself now, and five to ten years into the future” (Dryer & Gregersen, 2009). This system is extremely beneficial to organizations because it increases their ability to enhance their product, that will fit
Introduction With today’s rate of development in technology, there has also been an immense increase in global information sharing. Innovations in technology and design seem to be emerging in the market almost every month. One of the key aspects of any business is to gather, organize and efficiently apply this information. According to Antonic (2005), economic assets are fast becoming of secondary importance in the market as companies ascribe more importance to intellectual capital. With the right application of knowledge management methods, companies can achieve a competitive advantage by managing the immense amount of information available (Balanced Scorecard Institute, 2002).
Focus shall be on utilizing pre-production tools while developing the prototypes. Actual material, wherever possible, shall be used in the development of prototypes rather than having substituted parts. Make the prototypes as closer as possible to actual outputs.
The rising popularity of open innovation the last decade has been impossible to overlook. As each firm matures with time, it forces them to search for new business opportunities in order to grow and to stay competitive on the market. It is no longer an option to only extend products’ life cycles – firms now also have to explore new technological areas and invest in new business opportunities to stay in business.
At the final week of Innovation & Enterprise I EE3031 module, I finally learned the process of conceptualizing and designing a product which involves technology. Leadership, teamwork and communication should be part of education as it not only enhances interpersonal skills but real life skills. In addition, presenting to an audience was key to gaining interest for a new development product.
Organizations and individuals have to strategically position themselves in order to take advantage of the growing technology and achieve business competitive advantage while at it (DeHaven 2010 pg 1). Technology has enabled globalization; where ideas, products and services have been shared. This has promoted foreign businesses thus helping different economies all across the globe. Different organizations and individuals have realized that technology will keep growing and changing and the best strategy will be to adapt it other than holding to rigid ways of doin...
1).Innovation Management:Innovation Management is the form of looking into future, of being creative, imaginative .It is used in the growth of product and also organizational innovation. It also includes tools which allows higher management & engineers to communicate with basic understanding of goals and its processes .Its main focus is to allow the organization to react quickly occurring within an organization, using its efforts to implement new ideas or its products. It also involves persons in contributing to the development of the companies manufacturing and also its marketing. Through development also innovation process can be done. There are two types of process involved in innovation management one is pulled and the other is pushed. Pushed process is the one in which the organization uses its technology to discover profitable applications. Pulled process is the one in which the focus is mainly in developing the efforts to find the solutions. There are two phases in innovation management .First phase includes design of the innovation and second phase includes the implementation. Internal bench marking can be established to measure the innovation. Managers should focus on ones attention on innovation cause to be necessary to infer something from information received on the complexity.