What is an architectural innovation?
What is an architectural innovation?
Architectural innovation is described as the reconfiguration of existing product technologies that creates an improvement in the ways in which components, some of which are not necessarily innovative together, are combined.
What do you mean by radical innovation?
Radical innovation is an invention that destroys or supplants an existing business model. Unlike architectural or incremental innovation, radical innovation blows up the existing system or process and replaces it with something entirely new. Radical innovation falls on the farthest end of the innovation continuum.
What is the organizational innovation?
An organisational innovation is the implementation of a new organisational method in the firm’s business practices, workplace organisation or external relations.
What is the meaning of the word routinisation?
2. To reduce to a routine: a government that routinized mass murder while carrying out its totalitarian policies. rou·tin′i·za′tion (-ĭ-zā′shən) n. American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.
Which is the best definition of Business Innovation?
For completeness here are my definitions of business creativity & innovation (think about this as having a yin and yang quality): Creativity is the ability to create new and potentially valuable ideas in any activity. Innovation is the process of transforming these ideas into a commercial reality (i.e. testing, measuring, learning & sharing).
What kind of research is there on innovation?
Innovation is a complex construct and overlaps with a few other prevalent concepts such as technology, creativity, and change. Research on innovation spans many fields of inquiry including business, economics, engineering, and public administration.
What is the difference between innovation and creativity?
“ Innovation is the successful exploitation of new ideas.” “Innovation is the successful implementation of creative ideas within an organization.” For completeness here are my definitions of business creativity & innovation (think about this as having a yin and yang quality):