Question: Identfy the step in the imovation process at which the following actions are most Mkefy to occur. Using your understanding of the differences between the



Identfy the step in the imovation process at which the following actions are most Mkefy to occur. Using your understanding of the differences between the different forms of innovation, categorize the innovabions listed. Consider the common impediments to innovation noted in the summary below. The innovator's Dilemma: Why Great Companies fail to Change, a book by Clayton Christensen, explains the common organizational impediments to innovation. These incude a hack of resources or fallure to allocate resources strategically, inabuity to act quickly due to burbaucracy, nisk aversion, and an inability to recognize opportunities to innovate. The faifure to recognize opportunities could be caused by the organieation's structure, culture, complacency, and confidence. HyConn is a product innovation in the physical system used to attach fire hoses to fire hydrants. It was created by a firefighter in Arkansas who saw a chance to save more lives by reducing the time it takes for firefighters to get water to a fire. Despite offering an indisputable advantage over the previous system, the innovation has not been adopted by many fire departments, which are usually funded by local taxes and permeated by firefighting tradition. What reasons might have contributed to the fallure of fire stations to adopt the innovation? Check all that apply. Lack of finandal resources Complacency Culture of entrepreneurship Failure to recognize opportunity Organizations can encourage innovation by rewarding it, by designing jobs to support it, and by reinforcing a culture of innovation. Which of the following statements describes an organization's use of a reward system to promote innovation? Check all that apply. Monsanto offers a monetary prize to scientists who develop the biggest commerdial breakthrough each year. At Savant Learning Systems, the most innovative employees take an all-expense paid luxury vacation. 3M creates a sense of urgency to innovate by setting breakthrough growth goals. Foursquare schedules demo days during which employees can pitch ideas to management
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
