Explore how organizations manage the four-step innovative process common to all organizations (searching, selecting, implementing, capturing) Identify
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Explore how organizations manage the four-step innovative process common to all organizations (searching, selecting, implementing, capturing)
- Identify trends, challenges, and best practices in corporate innovation
- Discuss how leadership plays a pivotal role in the design, operation, and culture of innovation
- Research a trend in innovation that a company(s) is currently using. Please note the trend that you research cannot be the metaverse or 3D Printing.
- Innovation Trend
- Which innovation trend are you researching (make sure it’s NOT 3D printing or the metaverse)? How did it begin (origins)? Who is using it? How is it being used?
- Has it entered the consumer market? If so, how long has it been on the market?
- World Implications
- How is this trend changing the world for consumers, entrepreneurs, and others?
- How is this trend changing corporate business practices or processes?
- Organizational Implications
- List one organization that is currently using this innovation.
- Why did the organization decide to develop this innovation?
- How does the organization make money from this innovation?
- Challenges
- What types of challenges are corporations facing with this innovation?
- What types of challenges are customers facing with this innovation?
- Leadership
- How did leadership play a role in incorporating this innovation trend within their organization?
- Does the company(s) using this trend support a culture of innovation? If so, how?
- Which best practices does the company(s) using this trend have in place for leading through innovation
- Learning Outcomes:
- Explore how organizations manage the four-step innovative process common to all organizations (searching, selecting, implementing, capturing)
- Identify trends, challenges, and best practices in corporate innovation
- Discuss how leadership plays a pivotal role in the design, operation, and culture of innovation.
Related Book For
Managerial Accounting
ISBN: 978-1260413984
4th edition
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
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