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Tools for Innovation Management - Lecture No. 5

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Asalam o Alaikum Dear friends, In this post I am going to share lecture no 5th named Tools for Innovation Management. This lecture is provided and taught by Mam, Iffat Naqvi.<br />
Below are some Main points which I am going to mention, and for complete lecture download link is given below.<br />
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Innovation management includes a set of tools that allow managers and engineers to cooperate with a common understanding of processes and goals.<br /><br />
<h3>
General Innovation Tools:</h3>
brainstorming, Benchmarking,Business Process Reengineering, Chain Management, Technology Audit, Technology Forecast, Value Analysis.<br /><br />
<h3>
Managerial Innovation Tools:</h3>
Failure Mode Effect Analysis<br />Peer Evaluation<br />Peer Building<br />ISO 9000<br />Total Productive Maintenence<br /><br />
<h3>
Product Innovation Tools:</h3>
Design for X, Quality Function Deployment.<br /><br />Process Innovation Tools:<br />Design for Manufacture and Assembly<br />Lean Thinking<br />Continous Improvement<br />Just in Time<br />Concurrent Engineering<br /><br /><br />Conducting Final Reviews of the project with management and customers to understand what went right and what went wrong in order to improve for the next project.<br />Determine the strengths and weaknesses of project deliverables, the proceses used to create them and the project management processes.<br /><br />
<h3>
POST IMPLIMENTATION REVIEW (PIR)</h3>
<br />A post implementation review pir is conducted after completing a project. It's purpose is to evaluate whether project objectives were met, to determine how effectively the project was run, to learn lessons for the future, and to ensure that the organization gets the greatest possible benefit from the project.<br /><br />
<h3>
How do they work:</h3>
On the positive side, post project reviews work well when there is a structured framework against which to examine the project, exploring the degree to which objectives were met, the thing which went well and those which could be improved, the specific learning points raised and the ways in which they can be capture and codified into procedure which will move the organization forward in terms of managing technology in future.<br /><br />
<h3>
How Does they Work:</h3>
A checklist for successful PPRs would include:<br /><br />Ensure involvement of all perspectives<br />Collect relevant facts and work with these not opinions.<br />Ensure objectives, non-judgemental, blame free environment.<br />Employ a facilitator to manage the process of the review.<br />Ensure some capture of knowledge for next time what action could we take and how can we systematically ensure they take place?<br />Define Measure to Detect and Moniter Progress.<br /><br /><span style="font-size: medium;"><b>For More MBA Subject notes click on <a href="https://studentsexplore.com/" target="_blank">Students Explore</a></b></span><br /><span style="font-size: small;"><br /><br /></span><div><span style="font-size: large;">You May Also Read:  </span><a href="https://studentsexplore.com/marketing-management-explained-with-philosophies/" rel="bookmark" style="border: 0px; color: #1e73be; font-family: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: inherit; margin: 0px; padding: 0px; text-decoration-line: none; transition: all 0.2s ease 0s; vertical-align: baseline;"><b><span style="font-size: medium;">Marketing Management Explained with Philosophies</span></b></a></div><div><span style="font-size: medium;"><span>You May Also Read:  </span><a href="https://studentsexplore.com/accounting-method-and-its-types/" rel="bookmark" style="border: 0px; color: #444444; font-family: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: inherit; margin: 0px; padding: 0px; text-decoration-line: none; transition: all 0.2s ease 0s; vertical-align: baseline;" target="_blank"><b>Accounting Method and its Types</b></a></span></div><div><span style="font-size: medium;"><span>You May Also Read:  </span><a href="https://studentsexplore.com/terminology-of-accounting-and-bookkeeping-records/" rel="bookmark" style="border: 0px; color: #1e73be; font-family: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: inherit; margin: 0px; padding: 0px; text-decoration-line: none; transition: all 0.2s ease 0s; vertical-align: baseline;"><b>Terminology of Accounting and Bookkeeping Records</b></a></span></div><div><span style="font-size: medium;"><span>You May Also Read:  </span><a href="https://studentsexplore.com/4ps-of-marketing-mix-explained-simply/" rel="bookmark" style="border: 0px; color: #444444; font-family: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: inherit; margin: 0px; padding: 0px; text-decoration-line: none; transition: all 0.2s ease 0s; vertical-align: baseline;"><b>4Ps of Marketing Mix Explained Simply</b></a></span></div><div><h2 class="post-title entry-title fittexted_for_post_titles" style="background-color: white; border: 0px; color: #444444; font-family: Poppins, sans-serif; font-size: 23.6px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-weight: 400; line-height: 1.5em; margin: 0px 0px 10px; overflow-wrap: break-word; padding: 0px; vertical-align: baseline;"><br /></h2></div><br />
<h3>
The Element Good Review:</h3>
Identify Items that were done well<br />Identify Itmes that could Improve<br />Identify Items that were broken<br />Decide Action Plans<br /><br />
<h2 style="text-align: center;">
<a href="https://drive.google.com/open?id=18MV2LsMCXESs27NqfGvdgLa7CBs4JYlA" target="_blank"><span style="font-size: x-large;">Click Here to Download</span></a></h2>

Tools for Innovation Management - Lecture No. 5

Asalam o Alaikum Dear friends, In this post I am going to share lecture no 5th named Tools for Innovation Management. This lecture is pro...

Innovation Network - Lecture No. 4 - Tools for Innovation Management

Amaar 0 TIM 2:49 PM

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Asalam-o-Alaikum Dear Friends, In this post I am going to post lecture no.4 Innovation Network of Subject Tools for Innovation Management, which is provided by Mam, Iffat naqvi. Here I am writing some basic concept and for detail you have to download the full ppt file given below.<br />
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<h3>
Innovation Network</h3>
Innovation is occurring everywhere means around the globe throught creation of communities and creating networking either social or task networking but it creates a lots of network for innovation and bring up those innovation in the market place. Basically Networks are created for innovation.<br /><br />
<h3>
Task Network</h3>
Task Network involves the exchange of related or specific job-related task resources including information, expertises, advice, skill, political access, and material resources.<br />
<br />
<h3>
Social Network</h3>
Social Network involves the relationship characterized by the higher level of closenes and trust than those who are exclusively task related. They usually consist of people who share a common background or interest.<br />
<br />Since people have more leeway in choosing their friends than their co-workers, these networks tends to be less closely determined by formal organizational arrangement and work assignment.<br />
Social Network however play a critical role in mobilizing resource, transmitting information and providing peer coaching.<br />
<br />
Networks made up of nodes (vertices) and links(ties,edges).<br />Nodes are actors,agent or object like people, organization,agencies, documents etc..<br />Links are the relationship that connects the nodes.<br />
<br />
Regional innovation cluster are geographically concentrated but also ties to distant actors.<br /><br />We’re drowning in knowledge spaghetti. Something like 1,500 billion dollars is spent every year on R&D around the world. This means that no matter what we do ourselves, we are barely scratching the surface of what is actually happening outside the organization, in all kinds of adjacent and potentially related areas.<br /><br />We have very good market and consumer knowledge for about 1 billion people - we know their needs, their behaviors, desires, etc. But there are 6 billion people who we don’t have any good understanding of, and these are members of the emerging markets, where we lack good connections and good knowledge; they are not part of our knowledge spaghetti, but to innovate in the future, they need to be.<br /><br />
<h3>
Why do we need to creates Networks:</h3>
<b>Collective efficiency:</b><br />Access to resources through shared exchange process<br />Cluster Model e.g. Italy, Spain<br /><b><br />Collective learning:</b><br />Learning networks<br /><br /><b>Collective risk taking:</b><br />Pre-competitive consortia, High-risk R&D<br /><br /><b>Interactions of different knowledge sets.</b><br /><br />
<h3>
How Networks are Configured:</h3>
<b>Size</b> – actors, links<br /><b>Diversity</b> – the number of types of actors and types of linkages<br /><b>Stability</b> – the degree to which a network change over time<br /><b>Centrality</b> – well connecteness of individual<br /><b>Openness</b> – how many links it has with external actors<br /><br />
<h3>
Types of Innovation Networks:</h3>
Entreprenuer Based<br />Spatial Cluster<br />Internal Project Team<br />Communities of Practices<br /><br />
<h3>
What are the Network Issues for Innovation:</h3>
If you have more connections, then it means you have more and better flow of network of inforamtion, advice, skill etc..<br />
<br />However, Conections are expensive to maintain so manage a network involves trading off the cost of building links against performance.<br />
<br />Most Network analysis focus on structure rather than quality of tie.<br /><br /><br /><a href="https://drive.google.com/open?id=17eEiBD7z-ZYQLRQL-Wo3Tj6nw069rIBo" target="_blank"><br /></a><br />
<div style="text-align: center;">
<a href="https://drive.google.com/open?id=17eEiBD7z-ZYQLRQL-Wo3Tj6nw069rIBo" target="_blank"><span style="font-size: x-large;"><b>Click Here to Download</b></span></a></div>
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Innovation Network - Lecture No. 4 - Tools for Innovation Management

Asalam-o-Alaikum Dear Friends, In this post I am going to post lecture no.4 Innovation Network of Subject Tools for Innovation Management...

Developing an Innovational Strategy - Lecture No. 3 - Tools for Innovation Management

Amaar 0 TIM 3:33 PM

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Asalam o Alaikum Dear Friends, In this post I am going to share a lecture no. 3 Developing an Innovational Strategy of Tools for Innovation Management which  we have been taught by Mam, Iffat Naqvi. This Lecture is also provided by Mam. Iffat Naqvi. Here I am going write some points regard this lecture and complete lecture could be downloaded below given <br />
<h3>
What is Rational Strategy?</h3>
Rational Strategy describes, understand and analyse the environment, Rational Strategy Determine course of action in the light of the analysis and to carry out decided action of those courses of action.<br />
<br />
<h3>
Rationalist Strategy Inlcudes</h3>
Large scale corporation R&D operating in multi-division, multi-product, multi-market context.<br />
<br />
It inlcudes strategic choices or tradeoffs along a variety of dimensions like types of technological innovation, The specific technologies to develope and the timing or positioning of technology to introduce into the marketplace.<br />
<br />
There are a number of complex internal strategic activities include allocation of technological resources, and monitoring and evaluation of technological undertakings.<br />
<br />
<h3>
Rational Strategy Process</h3>
To create Design first then start developing that design, adjust the design and test, retest the design and then in finally operate it.<br />
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<h3>
Incremental Strategy Process</h3>
Symptoms, Diagonosis, Treatment, Diagnosis, Adjust Treatment, Cure.<br />
<br />
<h3>
Leadership & Followership</h3>
<br />
<span style="font-size: large;"><b>Leadership:</b> </span>The process of guiding & directing the behavior of people in the work environment.<br />
Formal Leadership: The officialy sanctioned leadership based on the authority of formal position.<br />
Informal Leadership: The unofficial leadership accorded to a person by other members of the organization.<br />
<br />
<span style="font-size: large;"><b>Followership:</b> </span>The process of being guided & directing by a leader in the work environment.<br />
<br />
According to Porter, Firm must also decided between two market strategies:<br />
<br />
<span style="font-size: large;"><b>Leadership:</b></span><br />
Where the firms aim at being first to market (this requires a strong corporate commitment to creativity and risk taking)<br />
<br />
<span style="font-size: large;"><b>Followership: </b></span>Where the firms aim at being late to market, based on imitating from leaders (this requires a strong commitment to competitor analysis and intelligence, to reverse engineerign).<br />
<br />
<h3>
Technological Leadership:</h3>
<br />
Porter suggested four generic business model that could be followed in order to gain competitive advantage.<br />
The Differentiation Leadership and Cost Leadership strategies seek competitive advantage in a broad range of market industry segment.<br />
By Contrast, The differentiation Focus and Cost Focus strategies are best used in narrow market or industry.<br />
<br />
<h3 style="text-align: center;">
<a href="https://drive.google.com/open?id=1TJeiGMO0mQTcn_bsADkUIv6hzo8LeySc" target="_blank"><span style="font-size: x-large;">Click Here to Download</span></a></h3>

Developing an Innovational Strategy - Lecture No. 3 - Tools for Innovation Management

Asalam o Alaikum Dear Friends, In this post I am going to share a lecture no. 3 Developing an Innovational Strategy of Tools for Innov...

Types of Innovation - Lecture 2 - Tools for Innovation Management

Amaar 0 TIM 11:20 PM

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Asalam o Alaikum dear friends, welcome to entertain tricks. Friends in this post I am going to share second lecture of Tools for Innovation Management and lecture name is Types of  Innovation. Friends this lecture has taught by Mam, Iffat Naqvi and also provided by Mam. I am sharing some points of lecture below and for complete lecture download from below given link. <br />
<h3>
Contents</h3>
Radical Innovation<br />
Incremental Innovation<br />
Rothwell’s five generation of Innovation Model<br />
Competitive Advantage<br />
Contingency Model of Innovation Process<br />
Technology Life Cycle<br />
<br />
<h3>
Radical Innovation vs Incremental Innovation</h3>
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<h3>
Rothwell’s five generation of Innovation Model </h3>
First/second – Simple linear model – Need Pull, technology push<br />
Third - Coupling Model<br />
Fourth – Parallel Model<br />
Fifth – System integration and extensive networking<br />
<br />
First/second - Simple linear model - Need Pull, Technology Push<br />
<br />
<h3>
Contingency Model of Innovation Process</h3>
Sector – scale intensive, Science Intensive<br />
Size<br />
National Innovation System<br />
Life Cycle of technology , industry<br />
Degree of Novelty – continuous vs discontineous<br />
The Contribution of Public Entities to Innovation and Technological Change<br />
<br />
<h3>
What is Technology Life Cycle</h3>
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<div style="text-align: center;">
<a href="https://drive.google.com/open?id=16SKPBO2sTuitwWvq4D6hMjsLna6ut5_O" target="_blank"><b><span style="font-size: x-large;">Click Here to Download</span></b></a> </div>

Types of Innovation - Lecture 2 - Tools for Innovation Management

Asalam o Alaikum dear friends, welcome to entertain tricks. Friends in this post I am going to share second lecture of Tools for Innovati...

Managing Innovation - Lecture 1 - Tools for Innovation Management

Amaar 1 TIM 11:16 PM

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Asalam o Alaikum dear friends, I hope you all would be fine. Friends our 3rd semester has started and in this 3rd semester there are four subjects that we will study in this semester they are Advanced Research Method, Tools for Innovation Management, Managerial Economics and Strategic Marketing Management.<br />
In this Post I am going to share a Lecture No.1 of subject Tools for Innovation Management. This lecture is provided by Mam, Iffat Naqvi, who teach us this subject at MUISTD Department Jamshoro.<br />
Friends I am writing only some points or definitions of lecture and further explanation or detailed version you can download below complete lecture that is provided by Mam, Iffat Naqvi. <br />
<br />
<h3>
Content of this Lecture</h3>
What is Innovation <br />
Why Innovation Matters<br />
How Innovation Matters<br />
4 P's of Innovation Space<br />
Case Study<br />
<h3>
What is Innovation </h3>
Innovation is the specific tools of entrepreneurs, the means by which they exploit change as an opportunity for a different business and service. It is capable of being presented as a discipline, capable of being learned, capable of being practiced.    P. Drucker (1985)<br />
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<h3>
Why Innovation Matters</h3>
Innovation is our lifeblood’ – Siemens about innovation (wbout its future.ww.siemens com)‘Adi Dassler had a clear, simple and unwavering passion for sport. Which is why with the benefit of 50 years of relentless innovation created in his spirit, we continue to say at the forefront of technology.<br />
<br />
<h3>
How Innovation Matters</h3>
A strong correlation between market performance and new products<br />
Competing in time<br />
Process innovation … a strategic role<br />
Competitive advantage<br />
Citibank … ATM<br />
Benetton …IT-led production network<br />
Zara ….. ….. ?<br />
Marshalls ……….  ?<br />
Charles Schwab ………. ?<br />
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<h3>
Case Study</h3>
Bic is a famous company known previously for ballpoint pens. After a while, the company realised that it needs to develop a new range of product in order to stay in the market. Here is Bic’s innovation space.<br />
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Do you have solution of this case study? If yes then kindly comment us your answer with suitable reasoning.<br />
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<h3 style="text-align: center;">
<a href="https://drive.google.com/open?id=1FYaUH_F29uJatOtmgODbYjV3gGY5VmVr" target="_blank"><span style="font-size: x-large;">Click Here to Download</span> </a></h3>
Thank You

Managing Innovation - Lecture 1 - Tools for Innovation Management

Asalam o Alaikum dear friends, I hope you all would be fine. Friends our 3rd semester has started and in this 3rd semester there are four...

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Tools for Innovation Management - Lecture No. 5

Innovation Network - Lecture No. 4 - Tools for Innovation Management

Developing an Innovational Strategy - Lecture No. 3 - Tools for Innovation Management

Types of Innovation - Lecture 2 - Tools for Innovation Management

Managing Innovation - Lecture 1 - Tools for Innovation Management

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