Question.3339 - In the previous few modules, you learned about the different aspects of innovation such as its dimensions, the five major trajectories for managing innovation, the spaghetti model of innovation and many more. In this discussion, you may choose to discuss some of these concepts or other innovation concepts covered in this course and reflect on the following aspects of your course project:In your initial post you should address the following questions: What was your strategy for choosing incremental or discontinuous innovation in Milestone One? What were your reasons for selecting the processes for managing innovation you used in Milestone Two? How do your recommendations for the organization structure promote a climate for innovation in your project? In response to two peers on their selections in the course milestones and project, address the following: Which of your peer's recommendations did you find most compelling, surprising, or innovative? One important theme of this course is the need for most companies to innovate on a regular basis or risk falling behind their competitors. The same can be said for employees. What skills can you add to your toolbox to future-proof your career? What skills can you acquire to support an innovative culture at your organization?
Answer Below:
I conducted a thorough analysis of the variables impacting our decision to pursue discontinuous or incremental innovation in Milestone One. Since our organization is focused on IoT technology, I came to the conclusion that radical innovation was the best course of action. Radical innovation delivers significant advantages by creating new markets and giving a competitive edge, notwithstanding the dangers involved. This benefit shows when the business effectively creates and markets the newest invention, opening up new markets or drastically altering ones that already exist. The company that introduces this idea first will gain a significant portion of the market. This calculated move was made with the intention of putting our business at the forefront of innovation and leadership in the sector.In Milestone Two, I identified multiple communication channels and platforms for customer interaction with automotive reviews in order to strategically choose innovation management procedures. These platforms provide a wide range of content, such as in-depth analyses of performance, fuel economy, technological integration, and safety features for different car models. Our innovation team must constantly analyze these reviews and feedback in order to make sure that our innovation projects are in line with client expectations and current market trends. By taking a proactive stance, we will be able to promptly and relevantly modify our products, which will eventually improve consumer satisfaction and keep us competitive in the market. We can stay aware of changing trends and customer preferences by utilizing these platforms, which enables us to make more informed and quick judgments about innovation.The strategy, which is based on the Skunk Works concept, is essential for fostering innovation inside our company. With a flat organizational structure and the establishment of a specialized innovation team, we hope to foster an atmosphere that values innovation, adaptation, and flexibility. In the end, a more innovative organizational culture will result from this structure's encouragement of more direct communication, speedier decision-making, and a stronger concentration on innovative projects.More Articles From Management
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