What are the Types of Innovative Thinking

Extension -taking an existing idea and applying it differently, Synthesis- combination of different ideas into one new product/service

What do we mean by Innovation?

Creation of New ideas, Processes Products, and Services

Why cant I be more Innovative in my work

Am quite happy to follow the "Tried and tested" approach and take low risk

Why should an Organisation Innovate and how does it Impact employees ?

More profitable introducing New products /services,optimising Operation

What are some of the decisons I take that are strategic in nature

Decisions which would create value for the Organisation

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Innovation and Strategic Thinking

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Answers

1
What are the Types of Innovative Thinking
Duplication - Copying or replicating a product with and added touch
Extension -taking an existing idea and applying it differently
Invention of a New product /Service
Synthesis- combination of different ideas into one new product/service
2
To be Innovative or creative , a perosn needs to be Analytical , Good communicator and Team Player
False
True
3
What do we mean by Innovation?
A new Version of a Product or Service
Continuous Improvement or Kaizen of an Existing product or Service
Means used by companies to Adapt,Differentiate Survive in turbulent era.
Creation of New ideas, Processes Products, and Services
4
Why cant I be more Innovative in my work
Organisation Culture really doesnt welcome Innovation
Am quite happy to follow the "Tried and tested" approach and take low risk
I fear my Superior may reject my ideas/suggestions
No Time to focus on new ideas or concepts
5
What is Competitive Advantage
Enhances ones ability to respond to changes in environment
Provides Superior value to customers
All of the above
It is Hard to Imitate
6
What are the types of strategic thinking
Critical Thinking
Divergent Thinking
All of the above
Convergent & Logical
7
Why should an Organisation Innovate and how does it Impact employees ?
To become more Adapatable and Agile
All of the above reasons
Its a nice thing to Immovate from time to time
More profitable introducing New products /services,optimising Operation
8
What are some of the decisons I take that are strategic in nature
all of the above
Decisions which would create value for the Organisation
I can visualise the impact of my decision in advance - see the big picture
I do a cost benefit analysis and only then take strategic decisions
9
Culture eats Strategy for breakfast -Peter Drucker
False
True

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