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- DruckerSystematic innovation involves “monitoring seven sources for innovative opportunity” (Drucker, 1985, p. 35). The first fourare internally focused within the business or industry, in that they may be visible to those involved in that organization orsector. The last three involve changes outside the business or industry.Internally FocusedThe unexpected (unexpected success, failure, or outside events)The incongruity between reality as it actually is and reality as it is assumed to be or as it ought to beInnovation based on process needChanges in industry structure or market structure that catch everyone unawaresExternally FocusedDemographics (population changes)Changes in perception, mood, and meaningNew knowledge, both scientific and nonscientific Discuss the concept which deals with opportunity thinking anddesign thinking, analyse their concepts by providing specific examples and cite readings (e.g. articles,narrative, research) from reputable sources.6. Bring out any four points of distinction between evolutionary innovation and revolutionary innovation.Part One: Indicate whether the following sentences are true or false: levels of innovation can be classified as incremental/radical innovation or sustaining/discontinuous innovation. Incremental /radical innovation focuses on the newness and impact of innovation.
- Explain the Disruptive Innovation Model by Christensen (1997, 2015). Support your explanation with an example from an industry of your own choice.Any innovation takes some time to spread through the marketplace. Describe three (3) categories of adopters of your choice and apply these to the smart glove innovation.Is IKEA a disruptive innovation? If so why? If not why not? please elaborate.
- Explain how this innovation solution(injuries and violence) would address the 5 characteristics (Relative Advantage, Trialability, Complexity, Compatibility, and Observability)1. Is innovation manageable or just a random gambling activity where you sometimes get lucky? If it is manageable, how can firms organize and manage it - what general prin- ciples could they use?What is innovation? What are different types of innovation? Explain with real life examples from your own daily routine life.
- Describe and explain the rate of Adoption of Innovation. Explain with proper headings without plagiarism."Radical innovation cannot be too radical if we want it to be commercially successful." Argue either in favor of or against this statement?Is this interpretation of innovation correct in your opinion? Should we consider innovationas a solution that has already been used somewhere, a good or a service available onanother market? Should only breakthrough solutions on a global scale be referred to asinnovation?