By Stephen E. Little, Frank M. Go, Teresa Shuk-Ching Poon
Addressing the wide-ranging demanding situations of worldwide entrepreneurship and innovation confronted by way of either East and West, this edited quantity offers a multi-faceted review of the complexity dealing with entrepreneurial enterprises inside of worldwide price chains. seen from the context of an rising multi-polar international during which Europe and Asia are noticeable as significant actors, the e-book explores their family members that are turning into more and more the most important for the knowledge of worldwide politics, alternate, expertise, tradition and trip. Global Innovation and Entrepreneurship contains case experiences and discussions from a number of sectors and takes a distinct cross-disciplinary point of view from eu in addition to East and South Asian authors.
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Additional info for Global Innovation and Entrepreneurship: Challenges and Experiences from East and West
We can use a number of tools to support us in answering the above questions, namely: 1 . Market/Technology life cycle analysis using, for example, BCG Matrix 2. The innovation radar 3. Analysis of the customer value proposition versus competition 4. Outcome-driven innovation 5. Bottleneck analysis 6. Quality cost analysis 7. Root cause and root conflict analysis. After this opportunity analysis step, several idea generation methods can be used to stimulate participating managers to look in another way to a given problem.
However, as with playing the piano, or using any other sophisticated instrument, one has to be trained and coached in the proper use of such instrument, and developing the right mindset to prevent the adoption of wrong routines that are hard to unlearn later. The Inpaqt method presents a portfolio of tools for application in various innovation activities at organizations. The tools are categorized for effectively covering various stages of the intricate innovation process. They are cast in the form of e-learning modules.
Here managing uncertainty and flexibility, or in other words, option thinking, is at the heart of the management of the innovation process. 4. The Integrated Innovation Level. When the business case is not used in a proper way, portfolio management takes on a role which resembles multi-project management rather than an optimized form of portfolio management. At this level, companies succeed in achieving the alignment of strategy and innovation activities in the projects. In addition to the portfolio management for aligning strategy and innovation, road mapping and other innovation management systems such as knowledge management systems are also often applied.