|
Term |
Practice |
|
Accidental Discovery / Invention
An
accidental discovery is a law that was discovered due to an accident.
An accidental invention is an innovative product its author didn't actually
intend to
invent. |
Examples
>>
Velcro
SARS
Synergy
Serendipity
>>
10 Tips
Discover
and Invent While You're Sleeping
Discovery
quotes
●
Invention
quotes |
|
Applied
Research
Scientific
study targeted to use in a product or process. |
Sample
Cooperative Research Agreement |
|
Beta Testing
Beta testing of a
new-to-the-world product includes a limited group of users outside of the
company. The twin aims of the Beta test are to do a sanity test and to get
customer feedback on how the product is used and works in the real world. |
Beta-Testing a New Product
Case in
Point: Procter & Gamble's Align
Google's 9 Notions of
Innovation |
|
Break-even
Point
The
point at which revenues exceed expenses. |
Cashflow
Forecast |
|
Bridge
Financing
A
short-term loan made in expectation of intermediate-term or long-term financing.
Can be used when a company plans to go public in the near future.
|
Venture
Financing |
|
Brainstorming
Brainstorming is a group session where employees contribute their ideas for
solving a problem or meeting a company objective without fear or retribution or
ridicule.
|
10
Brainstorming Rules
How To Run
a Brainstorming Session
Techniques
for Fast Idea Evaluation |
|
Business Incubation
A dynamic
process of business enterprise development.
Business incubators nurture young firms,
helping them to survive and grow during the startup period when they are
most vulnerable. The goal of business incubators is to produce healthy firms
that create jobs and wealth, strengthen the economy, commercialize new
technologies and revitalize communities.
|
Innovatel
e-Muromets |
|
Business Model
Business model converts
innovation to
economic value
for the business and conceptualizes the
value proposition that distinguishes a firm from its competitors.
It draws on a multitude of business subjects
including
entrepreneurship,
strategy, economics, finance,
operations, and
marketing,
and
spells-out how a company
generates revenue.
|
Apple's
New Business Models
New
Business Models |
|
Creativity
Creativity is an act of making something
new. It is a mental and social process involving the generation of new ideas
or concepts, or new associations of the creative mind between existing ideas
or concepts...
More
|
Creativity
Dictionary
Uncreative
Person: 10 Lack-offs
How To Get
Inspired: 12 Tips
Disney
Creative Strategy |
|
Creative Process
A sequence of activities that are designed to
generate creative thinking.
|
Managing
Creativity
Loose-Tight Leadership |
|
Derivative Innovation
A secondary product or service derived from a
platform innovation. These innovations are slight modifications of the main
product.
|
PDR Types
of Innovation
Apple's
New Business Models |
|
Entrepreneurial Creativity
Coming up with innovative ideas and turning them
into value-creating profitable business activities.
→
Entrepreneurial Creativity:
4 Pillars
|
Great
Innovator: 8 Winning Habits
Entrepreneurial Creativity
Contests
Entrepreneurial Creativity |
|
Gazzeles
Publicly traded companies that have grown at least
20% for each of the last four years, starting with at least US$ 1 million in
sales.
|
Fast
Growing Company |
|
Innoball
Strategic simulation game "Innovation
Football" that helps improve the business model and business strategies of
an innovation project, train and evaluate the strength of the innovation team,
and make investment decision.
|
Innovation
Football
Innoball
Innompics |
|
Innompics
Innompic web games for innovators. Similar to Olympic games for sportsmen.
|
Innompics
Innoball |
|
Innossador
Goodwill Ambassador of
Innompic Web Games.
|
Innossadors of the 1st Innompics |
|
Innovation
An
innovation
is the implementation of a
new or
significantly improved product (good or service), or process, a
new
marketing method, or a new organizational method in business practices,
workplace organization or external relation. The minimum requirement for an
innovation is that the product, process, marketing method or organizational
method must be new (or significantly improved) to the firm.2
The classic definitions of Innovation
include:
● the process of making improvements by introducing something new
● the act of introducing something new: something newly introduced
● the introduction of something new
● a new idea, method or device
● the successful exploitation of new ideas
|
Innovation
101
PDR types
of Innovation
10
Commandments of Innovation
3S of
Innovation Management
Innovation
Team
Best
Practices
Apple's
Innovation Strategies
Smart
Innovation |
|
Intellectual
Property
Any
idea or work that can be considered proprietary in nature and is thus protected
from infringement by others.
|
Intellectual Property Management
(IPM) |
|
Inventive Questions
Questions that help you discover and invent new things
|
Inventive
Questions |
|
Market Window
The interval of time during which a particular
type of product can be
profitably
sold.
|
Competitor
and Market Intelligence |
|
Mockup
In manufacturing and
design, a mockup, or mock-up, is a scale or full-size model of a design or
device, used for teaching, demonstration, design evaluation, promotion, and
other purposes. A mockup is called a
prototype if
it provides at least part of the functionality of a system and enables testing
of a design. |
Beta-Testing a New Product
Apple's
Design Process
New Products – Fast! |
|
Platform Innovation
Innovation that leads to the practical application
of fundamental innovations and, often, to creation of a new industry.
From a business perspective, platform innovation is about seeking out extensions
to the current business and leading changes of significant impact.
|
PDR types
of Innovation
|
|
Radical Innovation
Radical innovation projects produce an entirely new customer value
and set of performance features, produce
improvements in known performance features of five times or greater, and
create new market niches...
More
|
Radical
Innovation
Radical
vs. Incremental Innovation
>>>
Managing Radical
Innovation |
|
Serendipity
An attitude and aptitude for making
unintended
discoveries by accident
habitually.
|
Serendipity
>>
10 Tips
Serendipity as a Competitive
Advantage
Examples
of Accidental Discoveries
Discovery
quotes
●
Invention
quotes |
|
Start-up
A
new business, at the earliest stages of development and financing.
|
5 Success
Factors for New Ventures
Start-up
Development Roadmap |
|
Synergy Innovation
Innovation focused on building innovative
synergies.
|
Master of
Business Synergies (MBS)
Synergistic Innovation
Synergize
Radical and Incremental
Synergize
Diversities
Synergistic Marketing |
|
TRIZ
Stands for the Theory of Inventive Problem Solving;
method of innovation developed in Russia by Genrich Altschuller.
|
40 TRIZ
Principles |
|
Value Innovation
Value
Innovation is the search for new, radically different value curves. It is an
eclectic mix that integrates different ideas from different sources in order to
deliver higher customer value. Value innovation focuses on making the
competition irrelevant by creating a leap of value for buyers and for the
company, thereby opening up new and uncontested market space.
|
Kore 10
Tips for Value
Innovation
Customer-driven Innovation
Blue Ocean
Strategy
3 Strategies of Market
Leaders |
|
Venturepreneur
An entrepreneur
building a high-risk-high-return venture around a
new-to-the-world product or
service.
|
Steve Jobs
Jeff Bezos
Venturepreneur |
|
Venture Capital
Money used to support new or unusual business
ventures that exhibit above-average growth rates, significant potential for
market expansion and are in need of additional financing to sustain growth or
further research and development; equity or
venture financing traditionally provided at the commercialization stage,
increasingly available prior to commercialization.
|
Venture
Funding Stages
Step-by-step Guide To Venture
Financing
Amazon.com
Financial Chronology
Venture
Financing |
