Firm Considerations - Innovation and Creativity
Firm Considerations - Innovation and Creativity 3620
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This 2 page Class Notes was uploaded by Anna Notetaker on Saturday March 19, 2016. The Class Notes belongs to 3620 at Middle Tennessee State University taught by Prof. Kimball Bullington in Spring 2016. Since its upload, it has received 6 views.
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Date Created: 03/19/16
Management of Innovation Firms Considerations Firms consider users their most valuable source of new product ideas. Universities contribute significantly to innovation through the publication of research results that are incorporated into the development efforts of others. The Government helps universities implement discoveries and give rise to technology. Creativity is the underlying process of innovation. It is the nurture for the development of new business that would otherwise lack technology and collaboration. Collective thinking is most effective in groups of eccentric minds. Individuals that live creative lives are key to the collaborations. All resources and capabilities are necessary to development and implementation of innovations. IPhone are radical innovations since it was the unforeseen combination of many different as well as separate items since it is a phone and computer along with camera, map, camcorder, etc. now, we have a drastic increase in the smartphone industry, were we only see very minor changes every year, yet there is an increase in sales. Every day we hire our phones to do the job of keeping our life on track. It is an essential to every aspect to our lives from school to work to relationships. Now, we are seeing even more new features to accommodate our lives, for example, the new apps related to health and fitness. Phones are now used for so much more than just a phone call; it is our handheld computers. Source of Innovation: o Individuals o Research o Organization o Linkage o Online Collaboration Creativity is the ability to produce work that is useful and novel to the community. Innovative Workplaces: Google, Apple, Facebook, Space X, Sales Force, Tesla, Microsoft, IBM, Sony, Amazon, Boeing, Samsung, Yahoo, Virgin, T-Mobile, Ford, Audi, Toyota, GMC, Chevy, Nissan, BMW, GoPro, Intel, L.L. Bean, 3M, Scaled Composites. Google and Amazon are the most innovative companies.