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Innovation
- 1. INNOVATION inINNOVATION in TECHNOPRENEURSHIPTECHNOPRENEURSHIP Presented by: NorHashim Bin Abu Samah UTM S.P.A.C.E May 20, 2013
- 2. Outlines • What is Innovation? • Creativity & Innovation • Innovation Vs Invention • Types of Innovation
- 4. What is Innovation ? • a new idea, method or device. • the process of making improvements by introducing something new. • the process of translating new ideas into tangible product. • the successful exploitation of new ideas. • A creative idea that is realized. • change that creates a new dimension of performance.
- 5. The Concept of Innovation • Generally understood as the introduction of a new thing or method. • … embodiment, combination, or synthesis of knowledge in original, relevant, valued new products, processes, or services. • Concerned with the commercial and practical application of ideas or inventions.
- 6. Innovation & Creativity • All innovation begins with creative ideas . . . We define innovation as the successful implementation of creative ideas. • Creativity by individuals and teams is a starting point for innovation; the first is necessary but not sufficient condition for the second
- 7. Innovation vs Creativity • Creativity – coming up with ideas. • Innovation – bringing the ideas to life. • Creativity – displayed by individuals. • Innovation – occurs in the organisational and societal context.
- 8. Innovation vs Invention • Invention - the creation of new tools or the novel compilation of existing tool. • Innovation occurs when someone uses an invention - or uses existing tools in a new way - to change how the world works, how people organize themselves, and how they conduct their lives.
- 9. So… Innovation is… Innovation is the management of all the activities involved in the process of idea generation, technology development, manufacturing and marketing of a new (or improved) products/services or manufacturing process or equipment.
- 10. Types of Innovation Types of Innovation Business Model Marketing Organisational Process Product Services Supply Chain Financial Substancial
- 11. Product Innovation • Involves the introduction of a new good or service that is new or substantially improved. • Might include improvements in functional characteristics, technical abilities, ease of use, or any other dimension.
- 15. Business Model Innovation • A method of doing business by which a company can generate revenue to sustain itself. • Informal and formal models that are used by enterprises to represent various aspects of business. • Involves changing the way business is done in terms of creating values.
- 17. Marketing Innovation • Development of new marketing methods with improvement in product design or packaging, product promotion or pricing.
- 19. Process Innovation • Involves the implementation of a new or significantly improved production or delivery method. • “Just in Time” Manufacturing – Toyota & Dell
- 21. Service Innovation • Involves less technological advance but more interactive and information-intensive mainly due to the characteristics of services per se. • Can be found both in manufacturing and service firms since they can, particularly obviously at present, provide services to customers.
- 23. M Commerce – Maybank2U
- 24. • Identity card, including fingerprints and photo • Driving license • Passport • health information • e-cash, though with a maximum limit of US$500 • ATM integration • Touch 'n Go • Digital certificate MyKad
- 25. Fast Company 100 Innovative Companies
- 26. The Most Innovative Company in Asia
- 30. Thank You Lets Innovate! May 20, 2013
- 31. Activity4 The Blue Ocean Strategy Eureka
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- Note: Read Me You may change all 5 pages to suit your presentation Every time you Insert | New Slide | … Template Page No 3 will appear Page No 4 can be copied and paste to divide your presentation into several section The date on bottom right will change according your PC clock
- Note in this view inventions may be concepts, physical devices or any other set of things that facilitate an action. An innovation in this light occurs whether or not the act of innovating succeeds in generating value for its champions. Innovation is distinct from improvement in that it causes society to reorganize. It is distinct from problem solving and is perhaps more rigorously seen as new problem creation. And in this view, innovation applies whether the act generates positive or negative results.
- Note in this view inventions may be concepts, physical devices or any other set of things that facilitate an action. An innovation in this light occurs whether or not the act of innovating succeeds in generating value for its champions. Innovation is distinct from improvement in that it causes society to reorganize. It is distinct from problem solving and is perhaps more rigorously seen as new problem creation. And in this view, innovation applies whether the act generates positive or negative results.
- Note in this view inventions may be concepts, physical devices or any other set of things that facilitate an action. An innovation in this light occurs whether or not the act of innovating succeeds in generating value for its champions. Innovation is distinct from improvement in that it causes society to reorganize. It is distinct from problem solving and is perhaps more rigorously seen as new problem creation. And in this view, innovation applies whether the act generates positive or negative results.
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