Sources of innovation / SEARCH and READINESS phase of innovation process
6 important questions on Sources of innovation / SEARCH and READINESS phase of innovation process
Name 3 types of techniques to understand changes and the future
- Delphi Method
- Scenario Analysis
Explain the forecasting method for understanding changes and the future. What is it? What should it include? Which factors determine the choice of the forecasting method? Can you give examples of quantitative forecasting?
Explores technology and markets given uncertainty.
With broad participation and informal channels, multiple sources, debate and skepticism.
What should it include?
Quantitative factors
Qualitative factors
Time frame
Probability
Assumptions made
Factors choice of method depends on:
Planning horizon
Rate of environmental change
Availability and accuracy of information
Availability of resources, time and money
Competence and willingness of managers
Examples:
Time series
Trend extrapolation
Regression
Econometric
Why should we perform Scenario analysis?
Put central central and strategic questions in perspective
Enable or assist in decision making. Decisions which are robust to uncertainty
- Higher grades + faster learning
- Never study anything twice
- 100% sure, 100% understanding
For my 1st exam I got a C. Then, I started looking for ways to learn better and I came across Study Smart. Since then I have scored a A+, A, A- and another A. I highly recommend it to everyone who wants to hear it. I am so happy with it!!
I was struggling to finish all my first-year subjects for 3 years. Then I discovered Study Smart, which helped me to finish all of them within 3 months.
Because of StudySmart, things are going well in many ways. Before, I always had study stress and no time for anything. Now I feel calm and confident (because of the program). I used to score a B, now I usually score an A or A+.
Hey Chris, I really want to thank you very much for developing the platform, I usually got around C for my exams, now I scored an A+, an A and a A- !!
Since using Study Smart, my average has increased significantly. I even completed a statistics course with a A+ while I'm bad at statistics. I took on extra courses this year, because of Study Smart. Thanks so much!
Ever since I started studying with StudySmart I passed all my exams !!! No more re-sits!! At first, I was happy with a pass and now I only get good grades. Many thanks!
I aced all the courses I studied with Study Smart. For law, I first scored a D, and now an A! I’m 100% sure that I’ll pass all the courses I study with Study Smart.
I always thought I studied well. My grades were fine. I could never have imagined that applying these study skills would have such a huge and direct impact on my grades, my speed and the pleasure I have in learning.
For the first time, I finally feel totally confident about the way I learn. I have the perfect overview and make great progress in terms of speed and the grades I get. Thanks, Chris!
I immediately started to enjoy learning again, and my grades soared. All of a sudden, everything went better. I highly recommend Study Smart to all students..
Being able to create my materials online made the process of studying so much smoother and quicker. I no longer have to spend a huge amount of my time on creating my summaries.
At first, my notes were a mess. Now I use Study Smart to take my notes in a perfectly structured way. It helps me to save a lot of time and do other things I enjoy.
Students that study with Study Smart get better grades. The system applies all the learning methods in such a way that both well-performing students and students who struggle perform much better.
Hi Chris, I would like to thank you very much. Last year I scored C on a course, and this year I got an A+ thanks to your method! Thank you very much!
The largest effect is that my child is more enthusiastic about school! Every parent wants their children to be happy at school, Study Smart made it happen.
In high school, I failed several exams, and that has really changed now. I actually needed this tool very much back then. Since I started studying with StudySmart, I haven't had any D's. My average score is now an A and those are results I would have never had in the past
With my old method, I passed only 3 out of 8 courses. Since I started taking my notes digitally in Study Smart, I have passed all my courses on the first try. For me, StudySmart takes away the stress of wondering if I will pass or not.
Thanks to StudySmart, I passed all my exams, and with better grades than before! On top of that, I have mastered a very good study method now, which I am confident will help me earn my degree.
What is the difference between a prognosis (forecast) and Scenario?
Scenario: Greater possibility of being fairly right
One future - Multiple futures
Hides uncertainty - Clarifies uncertainty
Functional - Cross-functional
Linear - Interactive/iterative
Procedure - Process
Logical - Intuitive and creative
Quantitative - Qualitative
What are the steps of a scenario analysis?
2. Identify influencing factors for today and over the coming years
- EPISTEL + M
3. Set the influencing factors out by degree of effect and degree of uncertainty
4. Identify trends and critical uncertainties
- Trends: High degree of effect, low degree of uncertainty
- Critical uncertainties: High degree of effect, high degree of uncertainty
5. Make the tree of consequences for the trends
6. Use critical uncertainties for making scenarios (scenario cross)
7. Derive implications for strategy
What is an innovation funnel?
Outline concept
Detailed design
Testing
Launch
Try our study magic for free
a PDF, study it super fast
- No sign up, email or credit card needed!
- AI makes unlimited flashcards
- Get unlimited quizzes and tests
- Ask AI anything
- No sign up, email or credit card needed!
- Have and keep perfect overview
- Make flashcards, notes and mind maps
- Review, test and score!
The question on the page originate from the summary of the following study material:
- A unique study and practice tool
- Never study anything twice again
- Get the grades you hope for
- 100% sure, 100% understanding
