Mgmt 311 Chapter 7 and 8

A cycle that begins with the “birth” of a new technology and ends when that technology reaches its limits and is replaced by a newer, better technology.

Patterns of innovation over time that can create sustainable competitive advantage

A scientific advance or unique combination of existing technologies that creates a significant breakthrough in performance or function.

Which workers perceive that creative thoughts and ideas are welcomed and valued.

A psychological state of effortlessness, in which you become completely absorbed in what you’re doing and time seems to fly. (You begin work, become absorbed in it, and then suddenly realize that several hours have passed.) When flow occurs, who you are and what you’re doing become one.

Organizational encouragement, supervisory encouragement, work group encouragement, freedom, lack of organizational impediments , challenging work

Assumes that innovation is occurring within a highly uncertain environment, and that the key to fast product innovation is to use intuition, flexible options, and hands-on experience to reduce uncertainty and accelerate learning and understanding.

Assumes that innovation is a predictable process, that incremental innovation can be planned using a series of steps, and that compressing the time it takes to complete those steps can speed up innovation.

A cycle of repetition in which a company tests a prototype of a new product or service, improves on the design, and then builds and tests the improved product or service prototype.

A systematic comparison of different product designs or design iterations.

Are formal project review points used to assess progress and performance. By making people regularly assess what they’re doing, how well they’re performing, and whether they need to take corrective action, milestones provide structure to the general chaos that follows technological discontinuities.

Work teams composed of people from different departments. Multifunctional teams accelerate learning and understanding by mixing and integrating technical, marketing, and manufacturing activities.

Occurs when companies don’t anticipate, recognize, neutralize or adapt to the internal or external pressures that threaten their survival. In other words, decline occurs when organizations don’t recognize the need for change.Steps:1. Blinded2. In action3. faulty action4. crisis5. dissolution

Use of formal power and authority to force others to change

Is a philosophy and collection of planned change interventions designed to improve an organization's long-term health and performance.