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MGT 411 Week 1 Creativity and Innovation Table

Creativity and Innovation Table Complete the Creativity and Innovation Table located in the Materials section in Week One. Describe creativity, innovation, and the rules of innovation in your own words. Include the following in your response: One real-life management example of using creative intelligence One real-life management example of innovation All of the rules of innovation and at least one sentence describing each rule Format your response and references consistent with APA guidelines

MGT 411 Week 1 DQs

Of the seven innovation rules listed in Ch. 1 of making Innovation Work, which two rules are the most important to successfully managing innovation? Explain your answer

What are some of the most effective and least effective ways to introduce innovative and creative change into an organization? How is the process of innovative management enhanced, or diminished, by contemporary business practices including widespread use and access to the Internet and other communication and media technologies? Explain your answer.

MGT 411 Week 2 DQS

Adventuring, confronting, and creating a portfolio of skills are all ways to encourage creative thinking among employees. What are the pros and cons of each strategy? What strategy do you believe is most effective? Why?

What are the most important resources that might be employed in order to communicate and propagate an innovation plan in an organization? What factors must be considered when developing a communication plan regarding innovation? Why?

MGT 411 Week 2 Managing Innovation Summary

MGT 411 Week 2 Innovation and Strategic Management Annotated Bibliography

MGT 411 Week 3 DQS

Describe a time when you used heuristic thinking to solve a problem at work. What steps did you take to solve the problem? What was the outcome? Is there anything you might have changed about your problem-solving process?

Leadership, engagement, extension, and alignment are four key issues related to implementation. Which of the key implementation issues do you feel is most important? Which is least important? Explain your answers.

Learning Team Reflection Week Three

MGT 411 Week 3 Innovation Planning and Design

MGT 411 Learning Team Reflection Week Three

MGT 411 Week 4 DQS

What are two advantages of merger or acquisition? What are two disadvantages of merger or acquisition? List two examples or situations when merger or acquisition would be more beneficial to a company than developing technology internally.

What are the key issues that must be considered when implementing externally obtained technology? Do these issues differ from implementing internal technology? Why or why not?

MGT 411 Week 4 Innovative Technology Worksheet

MGT 411 Week 4 Organizational Ecosystem Case Study

MGT 411 Week 5 DQS

What is the role of leadership in a creative and innovative culture? What tasks and qualities must leaders focus on to create and maintain an innovative culture?

How might a leader generate employee motivation to maintain creativity during times of organizational change? What are two effective strategies to generate motivation? What are two ineffective strategies to generate motivation?

MGT 411 Week 5 Training Session Handouts

MGT 411 Week 5 Innovative Thinking in a Business Theory-Based Strategic Experiment Powerpoint Presentation

MGT 411 Final Exam 100% Correct Answers

Technology pushes society when:

Innovations make unwanted changes in society that are unfortunate such as pollution.

Innovations push the government to make new regulations in order to control the activity.

New technology strains the social fabric of the society to the breaking point.

The technology was not demanded by society but once available it is quickly adopted by society.

The technology is demanded by society and it leads to changes in the society.

Technology’s impact:

Is ongoing.

Occurs in small very distinct steps.

Occurs in large shifts over time.

Is not significant.

Is limited unless combined with money.

Technology’s impact is:

Only in particular business units

Is significant only for certain people in the organization

Occurs only outside the business organization since it is so pervasive.

Is organization wide.

Effects societies not businesses.

The goal of management of technology and innovation in an organization should always be to:

Create new technology that is groundbreaking.

Expand the number of employees in R&D

Create value for the firm.

Be efficient

Maximize this quarter’s profits.

There are several definitions of technology in the text; all the definitions have some common elements. Each definition implies:

A systematic approach to the desired outcome.

Change is an outcome.

Change occurs rapidly.

Changes in technology occur at random.

Both A and B

Technology can be broadly defined as:

A process whereby new and improved products, processes, materials, and services are developed and transferred to a new plant or market where they are appropriate.

All the knowledge, products, processes, tools, methods, and systems employed in the creation of goods or in providing services.

A coordinated set of actions that fulfill the firm’s objectives, purposes, and goals.

The systematic gathering of information that leads to the generation of feasible alternatives for the firm.

The elements of planning, implementation, and evaluation and control.

Evaluation and control of technology is the:

Checking to be sure the technology works

Ensuring the technology meets the specifications of the manual

Commonly ignored.

Monitoring to ensure technology meets goals and desired outcomes.

Typically outsourced to ensure proper operation.

The management of technology is defined as the linking of different disciplines to:

Plan, develop, implement, monitor and control technological capabilities.

Make sure that the technology works.

To find the most efficient technology.

To find the most economical technology.

Control the use of technology.

Innovation can be defined as:

The process whereby new and improved products, processes, materials, and services are developed and transferred to a new plant or market where they are appropriate.

All the knowledge, products, processes, tools, methods, and systems employed in the creation of goods or providing services.

A coordinated set of actions that fulfill the firm’s objectives, purposes, and goals.

The systematic gathering of information that leads to the generation of feasible alternatives for the firm.

The elements of planning, implementation, and evaluation and control.

All of the following are elements of strategic management EXCEPT:

return on investment

implementation

planning

evaluation

control

__________ are the monitoring of technology to ensure that it meets the desired outcomes.

implementation and control

planning and implementation

evaluation and control

evaluation and monitoring

implementations and evaluations

Firms that manage innovation well have which of the following characteristics?

They provide clear direction

They provide a supportive atmosphere

They separate funds for innovation.

They have realistic expectations.

All of the above.

Technology is defined to include ____ employed in producing a good or service.

knowledge

products

processes

methods

all of the above

Benefits of innovation include all of the following except:

Greater control over process and outcomes

Greater profit potential as first mover

Greater ability to evaluate competitors

Greater understanding of the technology

Greater ability to potentially develop the next generation of technology

Drawbacks of innovation include all of the following except:

Keeping a pipeline of new products is difficult

Greater risk of failure to develop the right products at the right time

Greater liability for failed products

Usually internal development is slower

there is always the danger of someone beating you to the market

The first question that should take place as the firm conducts it innovation strategy planning is ____?

Do we innovate internally or not

Are we making a profit

What is happening in economy

What is attitude of leadership to innovation

Will shareholders tolerate innovative strategy

Systems integration:

is R&D that largely takes place outside of the firm.

is high risk/high return.

involves adjusting the ways a firm organizes it systems, structures, and knowledge to increase leverage.

adds to basic understanding of a new field.

Is the most difficult type of innovation to accomplish.

Process innovation focuses on ____.

a. The development of new products.

b. Increasing effectiveness and effectiveness of the organization.

c. Increasing profits.

d. Decreasing the number of employees in the firm.

e. basic R&D

Reengineering’s goals include all of the following except:

increasing productivity

optimizing value to shareholders

achieving quantum results

expanding functions

eliminating unnecessary levels and work

To create an environment for innovation a manager must understand all of the following except?

The reality of innovation

What are the needed characteristics of innovation for their business climate

What each level of the organization should be doing to create a climate of innovation within the organization

What organization needs to do to maintain this innovation climate

Seek a new vision for the organization

How should you describe the innovation process?

irregular and unpredictable

straight and narrow

defined and renowned

nice and easy

slow and steady

Which one of these statements is a myth about innovation?

Seek a balance of behaviors

Leadership, culture and process form a three-legged stool

Ideas are the key to innovation

You organization has lots of brilliant ideas that you’ve never heard of

Do not blind yourself to the human dimension

Which is not one of the four critical elements to implementing innovation as a strategy in the organization?

Opportunity

Leadership

Extension

Alignment

Engagement

For successful innovation implementation leaders need to ensure;

a clear identification of those financial goals that will drive the firm.

that there are strong accounting and financial sectors of the firm to ensure that funding is strictly accounted for.

that there is a culture of collaboration and cross functional initiatives.

that perform measures are strictly used.

those members of the leadership team that do not support the goals are replaced.

Innovative organizations typically are founded and lead by;

a strong leader that utilizes a hierarchical organization.

leaders that are willing to “break a few eggs” to get things done.

individuals driven by financial rewards.

teams of individuals.

individuals who had the “ah-ha” moment that led to the founding of the firm.

Informal power comes from:

the title of the individual.

the official position of the individual.

the expertise and knowledge of the individual.

age of the person.

strength of the person.

A leader should ask all of the following questions in the implementation process except:

Is there an open, questioning attitude among employees?

Does the organization have a clear hierarchy that ensures all opinions are processed to

prevent information overload?

Is the organization avoiding the ruts?

Are there strategic gaps?

Is there a vision of where the firm needs to go?

The three methods that can help to establish the view by employees that they are part of the organization or system are all of the following except:

mentor

train and develop

sympathize

build a knowledge-based culture

none of the above

Mentoring can be ____ to be successful:

Formal but not informal.

Informal but not formal.

Unobserved.

Informal or formal.

Structured.

Benchmarking involves the:

building a bench or portfolio of new products that can be introduced to market

building a bench or portfolio of innovations that the firm pursues consecutively

comparing the “best” firms in any domain to a given firm’s performance and processes in that domain

comparing your firm’s performance and processes in a given domain to the industry average in that domain

determining how the firms with the largest sales in a given domain conduct their activities in a given domain

Extension occurs when _____ and _____ competencies are understood sufficiently so that ideas lead to action.

innovation, market

market, strategy

product, market

strategy, product

innovation, strategy

One of the primary reasons firms have difficulty being innovative is:

the firm’s structure

competitors’ actions

industry structure

communication technology failures

skills of people in the organization

The strategic reasons a firm would look to use a merger or acquisition include all of the following except:

the firm’s current product line is falling quickly behind that of its competitors.

a new competitor is about to enter the market the dynamics of the industry will change.

the firm discoveries its processes are not as efficient or effective as competitors’.

the firm believes its current products or processes are not going to be successful in long

run

the firm wishes to eliminate all potential competitors

The key element of planning externally focused technology acquisition efforts is to:

determine the nature of competitors

determine the nature of the external activity that will occur

determine the industry structure

determine the firm’s internal resources

determine the top management’s orientation to such activities.

A _______ is defined as a partnership of two more corporations to achieve strategically significant objectives that are mutually beneficial.

Limited Partnership

Strategic Partnership

Strategic Alliance

Limited Alliance

Informal Alliance

Mergers and acquisitions can allow a firm to accomplish a variety of strategic goals. Which one is not associated with the purchasing firm?

Enter a market quickly or increase speed to market

Avoid costs and risks of new product development

Gain market power

Earn premiums from the stock market

Acquire knowledge

The outright purchase of a firm or some part of that firm is known as:

Acquisition

Merger

Joint Venture

Franchising

Alliance

The keys in planning for a merger or acquisition includes all of the following except:

whether the merger and acquisition creates value

the evaluation of whether the technology has the ability to maintain competitive advantage

compatibility

immediate ability to be profitable

design of organizational systems, structures and processes

Key expectations should take priority in the integration effort except in which area.

Service/product continuity

Cost structures

External administrative services

Productivity

Information systems alternatives

The three elements that need to be considered in integration are:

Due diligence, shared lessons, and blended structures and cultures

Due diligence, training and development, and shared lessons

Shared lessons, training and development, and fit

Training and development, fit, and due diligence

Speed, synergies, and diligence

The reasons that training and development are so important in the execution of an alliance or merger/acquisition include:

There is an evolution of cultural norms that necessitate changes in policies and procedures

The new employees need to learn the cultural norms of the larger partner to enhance blending

Changes in reporting relationships need to be understood so old interpersonal connections are not disruptive to the goals of the new entity

The manager needs to indicate that the “ship is rising on the rising tide.”

T&D lessens the need for meetings and explanations that are unnecessary.

The losses an employee can feel during integration typically can include all of the following except:

status

network of informal relationships

understanding of the future

prior pay level

understanding of what their individual job entails

The basis for competitive advantage of a technology focused firm ___.

is difficult to identify.

are the capabilities of the firm.

will be changed every year.

cannot be overcome due to patents held by the firm.

is a daily struggle for the firm to maintain.

All of the following are strategic capabilities that a firm needs for success except __.

leadership

a culture of support

appropriate industry structure

an organizational structure that fits with goals

skills necessary to implement given strategy

When a company is developing its capabilities, it should do all of the following except:

Develop a clear strategic logic for processing information and sharing knowledge

Put into place the appropriate structures and processes for technical and nontechnical activities

Motivate employees to take advantage of capabilities

Make sure the structure of the organization is hierarchical and well-defined

Allow resources to be captured by the right people at the right place at the right time to make a competitive difference.

The key sustainable competitive advantages for a firm using an internal innovation strategy include

improved process control, broader portfolio possibilities, and higher value-added products

improved process control, higher value-added products, and better proprietary positioning

reduced time to market, broader portfolio possibilities, faster decisions

faster decisions, higher value-added products, larger structures

better product understanding, faster decisions about market entry, larger firms

The result of a competitive advantage should focus on ___.

obtaining excessive rewards from market

creation of value for firm

creation of value for consumers

obtaining profits

expanded job opportunities

For technology oriented firms, it is important for managers to understand that value must be

the result of customer expectations

customer driven

added to the product through any means possible

closely tied to profitability

maintained by the employees

The ___ view of the firm argues that industry structure is the principal determinant of profitability.

resource

industrial organization

agency

hypercompetition

re-engineering

All of the following would be intangible resources except ___.

brand recognition

perception of quality

culture

innovation

financing

The most common sources of competitive advantage would be ____.

intangible resources

tangible resources

either intangible or tangible

the equipment that advances the ability to produce quality

the CEO

Each of the following is a step in the value creation process except ___.

develop capabilities/investments that increase innovation

recognize and deploy innovation by increasing product activity or the number of products introduced

exploit innovation through sales growth

expand the market size through creative marketing

continue to improvement through investment in support capabilities and/or improvements in efficiency and productivity

The foundation which must be present before an organization can effectively conduct implementation is ___

knowledge

financial resources

structure

equipment

culture

Learning in the organization is the ___.

conversion of data into information

is knowledge that can be written down

comes for experience of the individual and is internal to that individual

gathering and sharing of existing knowledge from internal or external sources

the ability to obtain data

Explicit knowledge is ____.

the conversion of data into information

knowledge that can be written down

the experience of the individual that is internal to that individual

the gathering and sharing of existing knowledge from internal or external sources

the ability to obtain data

Organizational learning is the ____.

conversion of data into information

is knowledge that can be written down

comes for experience of the individual and is internal to that individual

the acquisition of knowledge through the application and mastery of new information, tools and methods

the ability to obtain data

The type and the amount of learning that must take place for the firm to compete successfully depends upon

how much the organization needs to retrench its activities

the organizational and technical complexity of the firm’s internal and external environments

the knowledge acquisition strategy of the firm

the ability of top management to guide employees’ actions

how far behind the industry norm the firm is

The firm’s ability to learn

is a critical intangible resource for the firm’s long term success

is tied to the firm’s ability to stay the strategic course it has mapped out

is not as critical as its ability to acquire knowledge

is based upon the firm’s tacit knowledge

none of the above

The greater organizational learning will occur when ___.

there are fewer numbers and a smaller range of things to gather data on

there are fewer number but a broader range of things to gather data on

there are greater number but smaller range of things to gather data on

there are a greater number and a broader range of things to gather data on

the organization is small

Organizations that are structured for learning are characterized by all of the following except ____.

a hierarchical structure to allow clear flow of information

processes that encourage boundary spanning

internal network development

reward systems that tied to team and system wide goals.

decision making based on shared and transferred knowledge