Chapter 7 Management

The successful implementation of creative ideas in organizations

The production of novel and useful ideas

A difference in the form, quality, or condition of an organization over time

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, the 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 signficant breakthrough in performance or function

The phase of a technology cycle characterized by technological substitution and design competition

The purchase of new technologies to replace older ones

Competiton between old and new technologies to establish a new technologies to establish a new technological standard or dominant design

A new technological design or process that becomes the accepted market standard

When a new dominant design (i.e. a significantly better technology) prevents a company from competitively selling its products of makes its 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

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