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, substantially better technology.
a pattern of technological innovation characterized by slow initial progress, then rapid progress, and then slow progress again as a technology matures and reaches its limits.
patterns of innovation over time that can create sustainable competitive advantage
when a scientific advance or a unique combination of existing technologies creates a significant breakthrough in performance or function; what an innovation stream begins with
competition between old and new technologies to establish a new technological standard or dominant design.
when a new dominant design (i.e. a significantly better technology) prevents a company from competitively selling its products or makes it difficult to do so.
the phase of a technology cycle in which companies innovate by lowering costs and improving the functioning and performance of the dominant technological design.
Creative Work Environments
workplace cultures in which workers perceive that new ideas are welcomed, valued, and encouraged.
a psychological state of effortlessness, in which you become completely absorbed in what you're doing and time seems to pass quickly.
Experiential Approach to Innovation
an approach to innovation that assumed a highly uncertain environments and uses intuition, flexible options, and hands-on experience to reduce uncertainty and accelerate learning and understanding.
a cycle of repetition in which a company tests a prototype of a new product or service, improves on that design, and then builds and tests the improved prototype.
a full scale, working model that is being tested for design, function, and reliability.
Compression Approach to Innovation
an approach to innovation that assumed that incremental innovation can be planned using a series of steps and that compressing those steps can speed innovation.
change based on incremental improvements to a dominant technological design such that the improved technology is fully backward compatible with the older technology.
a large decrease in organizational performance that occurs when companies don't anticipate, recognize, neutralize, or adapt to the internal or external pressures that threaten their survival.
forces that produce differences in the form, quality, or condition of an organization over time.
Resistance to Change
opposition to change resulting from self interest, misunderstanding and distrust, and a general intolerance for change.
the process used to get workers and managers to change their behavior and work practices.
Results Driven Change
change created quickly by focusing on the measurement and improvement of results.
General Electric Workout
a three day meeting in which managers and employees from different levels and parts of an organization quickly generate and act on solutions to specific business problems.
a philosophy and collection of planned change interventions designed to improve an organization's long-term health and performance.