IB DT Topic 5.2

The definition of Innovation is ...

• the process of discovering a principle which allows a technical advance in a particular field that results in a novel/new product.

• the business of putting an invention in the marketplace and making it a success.

What is an example of a sustaining innovation

• 3D Printer

• Sony Walkman

• iPhone 2nd, 3rd … 15th generations

What is an example of disruptive innovation?

• iPod

• Toaster

• iPhone 6

The definition of Invention is ...

• the business of putting an invention in the marketplace and making it a success.

• the process of discovering a principle which allows a technical advance in a particular field that results in a novel/new product.

Process innovation is...

• an improvement in the organization and/or method of manufacture that often leads to reduced costs or benefits to consumers.

• A product or type of technology that challenges existing companies to ignore or embrace technical change

The definition of architectural innovation is...

• An improvement in the organization and/or method of manufacture that often leads to reduced costs or benefits to consumers.

• The technology of the components stays the same, but the configuration of the components is changed to produce a new design.

An examples of architectural innovation are

• Transistor radio

  Sony Walkman

  Xerox photocopy machine

• iPod

  iPhone

• The process of robots making a car

The definition of Diffusion is...

• is a process where a market will accept a new idea or product. The rate it accepts the new idea or product can be increased by several factors.

• an improvement in the organization and/or method of manufacture that often leads to reduced costs or benefits to consumers.

A definition of modular innovation is...

• The basic configuration stays the same, but one or more key components are changed.

• A change is made in both technology and organization.

Configurational innovation is...

• A change is made in both technology and organisation.

• The basic configuration stays the same, but one or more key components are changed.