Innovation Article Summaries

MBA 603

Professor Fellows

Syllabus (1 of 2)

CLEVELAND STATE UNIVERSITY Monte Ahuja College of Business

Department of Operations and Supply Chain Management Spring 2023

COURSE: Management of Innovation and Technology ASSIGNMENT: Innovation Article Summaries

(75 points per summary/25 Discussion, possible 250 points)

DUE:

Part 1 Summary – 6:00 pm, Monday, February 13, 2023

Part 2 Summary – 6:00 pm, Monday, March 20, 2023

Part 3 Summary – 6:00 pm, Monday, April 24, 2023

Innovation Article Summaries (75 points per summary/25 Discussion, possible 250 points)

Every day, someone somewhere is innovating. Our world is advancing much faster than we can

keep up. These article summaries and ensuing discussions are designed to provide the practical

application of the material covered in this course and a way for us to stay current on trends and

themes about managing innovation and technology. You are not asked to write a scholarly article but

to seek and report on current activities in the world of innovation.

Students will produce, in their own words:

• (3) Innovation Article Summaries, one article for each part of the text:

o Part 1: Industry Dynamics of Technological Innovation

o Part 2: Formulating Technological Innovation Strategy

o Part 3: Implementing Technological Innovation Strategy

• Each summary must include a summary of the article (link to the article needs to be included)

and why it is of interest or significance as it relates to the course with chapter identified (give

your opinion why the innovation matters)

• Articles must be from respected, credible outlets for information. A link or citation must

accompany the Summary for reading. Research paper abstracts from scholarly academic

sources are not considered Articles for this assignment

• Pose (2) critical questions the article provokes related to innovation development. These

questions will be answered by the class session for that chapter.

• Students must lead (1) discussion of your Article Summary during the corresponding chapter.

MBA 603

Professor Fellows

Syllabus (2 of 2)

PART A – Original Articles (75 possible points each)

• Students will produce, in their own words, total of three Innovation Article Summaries this

semester. One summary per each Part(section) of the text/course:

o Part 1: Industry Dynamics of Technological Innovation

o Part 2: Formulating Technological Innovation Strategy

o Part 3: Implementing Technological Innovation Strategy

• Each Innovation Article Summary must be submitted on Blackboard prior to the class session

for that corresponding chapter. Priority for discussion will be based on submission.

• Adress why the article is of interest or significance as it relates to the course, identifying the

chapter Article Summaries must include the chapter being referenced and addressed by the

article

• Provide your opinion why the innovation matters and analysis, insight, and commentary

• For example, an article detailing Disney’s Imagineering would be significant for Part Three

Chapter 12, “Managing New Product Development”

o https://d23.com/6-imagineers-share-the-disney-experiences-that-led-them-to-their-

dream-jobs/

• Pose a minimum of (2) critical questions the article provokes and be prepared to lead your

colleague in discussion around their answers. Think of these being like discussion questions

posed at the end of each chapter to spark conversation

PART B – Discussion (25 possible points)

• Lead class discussion on one of your chosen summary submissions.

• Discussions should include the questions posed and curating the ensuing conversation

• You are expected to answer questions posed by your colleagues to the best of your knowledge

and ability.

Innovation Article Summaries

Introduction

Innovation is a process that can be used to create new products, services and processes. It involves the creation of new ideas and solutions based on existing knowledge or technology. Innovation is often thought of as something that happens overnight but in reality it takes time and effort to innovate successfully. There are many steps involved in innovation including planning, researching etc..

Introduction to Innovation

Innovation is the process of introducing a new product, idea or method. It’s also the act of improving on something that already exists.

The benefits of innovation include:

• Faster growth in your company
• Increased profits (if you’re good at it) or decreased costs (if you aren’t)

The steps to innovate are: * Develop a vision for what needs to be done; * Answer questions about how this vision can be accomplished; and * Create solutions based on these answers.

A Simple Definition of Innovation

Innovation is a process of creating new ideas and/or products. It can be applied in many different areas, such as technology or business. Innovation is not just about technology, but also involves people and the environment.

Innovation is a way of thinking that helps you see things differently than others do because it makes you think about things from a different perspective than most people do, which leads to new ways of doing things or seeing situations differently from where others might be looking at them from their own perspectives..

The Benefits of Innovation

There are many benefits of innovation, but here are the top five:

• New products and services can be created. Innovation is what allows companies to create new things for people to buy, use, or experience. This includes new products like smartphones; apps; software; games; services such as cloud computing (which allows you access to your files from anywhere); or even just a new way of working together as a team.
• Business models can be changed too! Companies that innovate often find themselves experimenting with different ways of doing things while they’re still in their infancy stages because they haven’t yet settled on one single business model that works best for them financially (and sometimes even emotionally).
• Processes can also be altered by innovation–this means that processes will change over time due either directly through changes being made by employees themselves or indirectly through external factors such as increased competition from other firms who may want similar products/services at cheaper prices than yours do…

How Do You Innovate?

There are many ways to innovate. Here are some of the most common:

• Use your imagination. What could be better than coming up with an idea that nobody has thought of before? This will help you stand out from other people, which is important when trying to get funding for your project or product.
• Use your knowledge, experience and skills (KES). You may not have been successful at something before but with KES now available in your toolbox, it’s time for another try!
• Use resources such as data sets or research papers written by others who have similar interests as you do; these can provide valuable information on how certain things work so they can be used later when creating something new yourself (i

Key Steps in the Innovation Process

Innovation is a process, which involves several steps. The first step is brainstorming. This can be done in groups or individually and it allows you to generate ideas quickly. Next, experimentation is used to test different options for an innovation and evaluate their success or failure. After this step comes evaluation where you look at whether your new idea has any positive impact on your company’s bottom line or if it was too expensive or time consuming for the company as a whole. Lastly there is iteration where you try out different forms of execution based on what worked best in previous iterations before deciding what approach will work best next time around (and hopefully avoiding making costly mistakes).

There are many ways to innovate and many benefits

Innovation is a process of creating something new and better. Innovation can be defined in many ways, from tangible to intangible. For example, an innovation could be an invention or invention idea; it could also be an improvement on existing technology that makes it safer or easier to use.

Innovation has many benefits for businesses because it helps them to stay competitive by providing new products or services that customers want and need. This is why some companies invest so much time and money into their R&D departments – they know that there are big prizes waiting for them if they create something truly innovative!

Some examples include:

• Google’s self-driving cars (which were first unveiled in 2009) were initially met with skepticism due to fears over safety issues such as accidents caused by human error behind the wheel – however now these fears have subsided thanks largely thanks to improved technology designed specifically around driverless vehicles which allow drivers’ hands-free control over steering wheels while still allowing them full visibility through cameras mounted directly onto each vehicle’s roof panels; these cameras provide 360 degrees coverage around every corner while maintaining line-of-sight between rider(s) inside vehicle plus surrounding road conditions such as traffic lights etcetera…

Conclusion

Innovation is a natural part of the human experience. It’s something that we do everyday, whether we realize it or not. Innovation is always in motion and can be found anywhere you look. The key is to recognize its presence and leverage it for your benefit.