1 / 27

Entrepreneurship & Innovation Management

Entrepreneurship & Innovation Management. 13BSC522 – Lecture 2. By the end of this session you will understand. How innovation is classified – types and patterns Where innovation takes place How we measure how innovative an organisation is. INNOVATION PROCESS Idea: Select: Implement.

rafi
Download Presentation

Entrepreneurship & Innovation Management

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Entrepreneurship & Innovation Management 13BSC522 – Lecture 2

  2. By the end of this session you will understand • How innovation is classified – types and patterns • Where innovation takes place • How we measure how innovative an organisation is INNOVATION PROCESS Idea: Select: Implement

  3. Types & Patterns of Innovation

  4. Write down every category of innovation you’ve ever heard of e.g. Product Innovation

  5. 3 Main Categories

  6. Degrees of Innovation

  7. Radical to one is incremental to another

  8. Competence Enhancing/Destroying Innovation

  9. Component Innovation An innovation to one or more components that does not significantly affect the overall configuration of the system

  10. Patterns of Innovation

  11. S-Curves % of US Households

  12. S Curves in Technological Improvement Performance Effort & Money Invested

  13. Sony Reinvents the Phone

  14. Invention v innovation

  15. When did you last use your Spangler? Innovator Inventor

  16. Penicillin

  17. Ideas can come from anywhere

  18. Public Sector Sources of Inventions & Innovation • Universities • Public Sector Research Establishments • Medical Research Council • British Geological Survey • English Heritage • Environmental Systems Science Centre • Forestry Commission Research Agency • Health service (the NHS) • The Ministry of Defence

  19. Loughborough Inventions • Assessment of Landslides using Acoustic Real-time Monitoring Systems (ALARMS) • Dual Flex Footwear • Flexible solar cells with integrated super-capacitor • Respibelt • Hot pants!

  20. Innovative companies seek ideas from universities

  21. Ivory Tower or Open Door? Small companies are not good at accessing university knowledge (generally)!

  22. Three main University activities • Teaching • 16,703 students • Research • £37.3 million • Enterprise • Knowledge transfer to industry and the public sector • Spin-out companies & University subsidiaries • Student enterprise

  23. Third Stream Activity Funds… • University knowledge transfer offices/ knowledge transfer professionals • Training in entrepreneurship & innovation (especially for undergraduate & postgraduate students) • University Innovation Centres • Accommodation for University spin-out companies

  24. Measuring how innovative an organisation is • Number of patents • R&D expenditure • Number of new products and services

  25. Economic Measures of Innovation

  26. You should now understand • How innovation is classified – types and patterns • Where innovation takes place • How we measure innovation INNOVATION PROCESS Idea: Select: Implement

More Related