About This Chapter
Improving Innovation in Business - Chapter Summary
Our subject experts have designed the lessons in this chapter to enhance your understanding of improving innovation in business. Get to know the advantages and disadvantages of cross-functional teams. Be better prepared to answer test questions covered in these lessons, like:
- The importance and types of innovation in business
- Definitions of quantum and incremental product innovation
- A stage-gate process development funnel
- Examples and definition of boundary spanning roles
Lessons are designed to make continuous progress on your studies easy. They are short and focused, and you can log in using your mobile device whenever you have a few minutes to complete your next lesson. A short quiz accompanies each as a self-assessment on your understanding of the material.
1. Innovation in Business: Importance, Types & Examples
Innovation is everywhere. Learn several key concepts in the study of innovation, including leading theories, forms of innovation, and its impact on the competitive market.
2. Quantum & Incremental Product Innovation: Definition & Examples
Technology changes all the time. In this lesson, we will learn about two different changes technology can make where products are concerned. Those two types of changes are referred to as quantum and incremental product innovation.
3. What is a Stage-Gate Process Development Funnel?
New innovations in business require a set process to ensure their successful development. The stage-gate process development funnel helps to narrow down a company's ideas to the best final product that the company can then release to consumers.
4. Cross-Functional Teams: Definition, Advantages & Disadvantages
In this lesson, you will learn about cross-functional teams, their advantages, disadvantages, and take a look at an example. You will also have an opportunity to reinforce your knowledge with a short quiz after the lesson.
5. Boundary Spanning Roles: Definition & Examples
Boundary spanning roles are essential for businesses to obtain necessary information from other organizations. In this lesson, we'll discuss how boundary spanning roles can benefit both large and small companies.
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Other chapters within the CM Planning & Organizing Exam Study Guide - Certified Manager course
- Strategic Planning in Business
- Business Missions & Goals
- Building Strategy in Business
- Value Chain Management
- Improving Customer Relations
- Improving Quality in Business
- Improving Efficiency in Business
- Project Management Definition & Skills
- Managing Structure & Culture in Business
- Building Teams & Work Groups
- Human Resources & Hiring
- Training & Assessment in an Organization
- Overview of Workplace Pay & Benefits
- Diversity at Work
- Coaching & Feedback in the Workplace
- Career Business Networking
- Mentoring at Work
- Holding Productive Meetings
- CM Planning & Organizing Exam Study Guide - Certified Manager Flashcards