27.4. Innovation: Definition and Dimensions

Try these first

1. 1.

   What does innovation mean?

   Hint

   Think about creating something that didn't exist before.

2. 2.

   Name one type of innovation.

   Hint

   Consider an example of a new product you like.

3. 3.

   What is the definition of innovation?

   • Only creating new products
   • Improving methods
   • Both new methods and products adding value

   Hint

   Think beyond just products.

4. 4.

   True or False: Organizational innovation refers to changes in product features.

   • True
   • False

   Hint

   Consider what 'organizational' refers to.

5. 5.

   Consider a well-known technology company. Identify and analyze an instance of each type of innovation from their history.

   Hint

   Reflect on how these innovations have defined the company's success.

6. 6.

   Debate the impact of organizational innovation on competitive advantage in the tech industry. Provide examples.

   Hint

   Think about how the workplace culture can relate to innovation in products.