1. Does innovation mean something new? Explain.
Innovation can pertain to products or services that a certain company offers. While it certainly means that it is something new, this is not always the case. Innovation can also mean an improvement of an existing product or service. It can come from within the company or from something or someone outside of the organization. Some people prefer to focus on something that is already existing rather than spend much more on creating something from scratch all over again. This can be clearly seen in governments who cost cut by trying to preserve national infrastructures rather than spending on new ones. Innovation also does not always mean that something new is being added. In some cases, an element of the product or service can be taken away because it has proved to be unnecessary or useless over the period of time.
2. Does innovation always make things better? Explain.
No matter how great an idea is, it does not always mean that things will become better when the idea is implemented. This can also be said when it comes to innovations. They do not always mean success for companies and it is important for companies to accept this side of the situation. There are times when products or services will fail due to lack of acceptance from the consumers or lack of imagination from the company’s side. Whatever the case may be, it should be remembered that the more important thing here is to know how what to do if in case this were to happen and an innovation failed.
3. Does the “best” innovation always win? Explain.
The best innovations are not always foolproof and at some point, problems will arise. This is due to the changing of times. Some things may seem better and brilliant today but can be a threat or problem in the future. As such, companies and organizations need to think of all aspects of the product or service before even trying to introduce it to the public. While problems cannot be helped to arise in the future because of the changing of times, companies should make sure that these are minimal problems and should not pose a threat to the environment or society in the future.
4. Is innovation an event or a process? Explain.
An innovation is a process that happens over time. Most successful companies take their time analyzing the steps they take to make a change successful. A successful innovation does not happen overnight and is not an event that happens instantly. It takes a lot of effort and time for research for an innovation to work the way it should. It should provide an opportunity for developers of the product or service to learn something new every step of the process.
5. Is a business a social organization? Explain.
Businesses are social organizations because they consist of different kinds of people who interact daily and work together for the benefit of the company as a whole. For employees to work effectively, they need to socialize and build stable relationships. Also, a business cannot survive on its own. It needs the help of other companies for competition or assistance in some areas. It is also important to note that businesses do have the capacity to adapt to changes or innovations or else they would not be able to keep up in the field.
6. Explain why a radical innovation may require both new learning and behavior, as well as unlearning old knowledge and behavior.
A radical innovation improves a product or service in such a way that a new functionality is established. This is in contrast to incremental innovation, which improves a product or service so that it works better but the function is still the same. An example of a radical innovation is that of the light bulb. In the past, candles and lanterns were used until such time that people found the need for light bulbs so they were created. Radical innovations require new knowledge and behavior and unlearning of old knowledge and behavior because the product or service is not the same as before. New knowledge and behavior is required to fully adapt to the change. As well, people need to unlearn the things they know about the product or service because if not, it would limit their experience with the product or service and they would not understand its essence.
7. Can social and cultural factors affect innovation? Explain.
Businesses will not be able to survive without the help of others. As such, it is important that they know how to deal with different kinds of people and culture. Before an innovation can be implemented, developers need to research and interact with people who come from different backgrounds who possess their own characteristics. They have their own ideas and decisions that influence the process of innovation. There is not one business that is made up of the same kind of people with the same interests, ideas, and opinions. Although the situation looks and sounds complicated, having social and cultural factors during an innovation process can actually be beneficial to the business. With these factors, the product or service becomes more diverse in nature.
8. Companies can do many things, both social (organizational) and cultural, to help create and foster both a capability for innovation and the creation of innovations. Explain.
For an innovation to be created or implemented, it is important for businesses to welcome ideas from their employees. Encouraging employees to participate in the innovation process will bring in more opportunities for better products and services. Companies should be open to suggestions and other potential ways for their products and services to be innovated. They cannot be closed-minded because it would limit their growth and financial resources. They should also encourage creativity and thinking out of the box so that people can come up with fresh, new ideas.
9. Explain how social networks can foster ideas.
Social networks can foster ideas through exchange of information among the people who belong in the group. Ideas come easily when people with the same interests get together and collaborate. Familiarity is an important factor when it comes to relating ideas within a social network. Generally, people open up more to those that they are familiar with or to those who share the same interests with them. People also prefer to communicate where they feel that they belong. In addition, innovations can encourage the formation of social networks.
10. Explain the difference between Implementation and Adoption.
Implementation is when a certain innovation is carried out and it is made known to the public. It means that the product or service is launched to the consumers. On the other hand, adoption is seen through people’s feedback of the innovation. Adoption can be further seen through people’s reactions about the product or service, if they liked or disliked it. It literally demonstrates if they have “adopted” the innovation that was implemented or introduced.