Unit Four- (MGT 6103)

Managing Innovation

MBA 6103Unit 4Innovation Networks

The Search for Innovation

Where do innovations come from?• Knowledge push

• Needs pull

• New and emerging markets

• Customization• Distribution• Assembly• Fabrication• Design

• Users • Lead• Fringe• Extreme

Where do innovations come from? – cont’d

• Watching others – monitoring the market

• Recombinant innovation

• Regulation

• Future trends and forecasting

• Accidents, mistakes, and failures

Sources of Innovation

Search Strategies

Creating Innovation Networks

• Innovation requires collaboration

• Don’t operate in a vacuum

• Network type will directly parallel the advantages and attributes of the desired innovation

• Knowledge sharing and emergent design

Types of innovative networks• Entrepreneur/Intrapreneur

• Project Teams

• Communities of Practice

• Spatial Clusters (geographic)

• Consortiums

• Supply-chain Relationships

• Emerging Industry Standards