Ch 8: Improving Innovation in Business

About This Chapter

Take a look at examples of innovation in business as well as examples of quantum and incremental product innovation with this chapter. These lessons were designed to boost your knowledge on the subject of improving innovation in business.

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.

5 Lessons in Chapter 8: Improving Innovation in Business
Test your knowledge with a 30-question chapter practice test
Innovation in Business: Importance, Types & Examples

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.

Quantum & Incremental Product Innovation: Definition & Examples

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.

What is a Stage-Gate Process Development Funnel?

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.

Cross-Functional Teams: Definition, Advantages & Disadvantages

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.

Boundary Spanning Roles: Definition & Examples

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.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
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Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
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