Exam 15: Collaborative Innovation

Fill in the Blank(s) -While each company pursues a different path to innovation, they all establish a__________ and specific ________to unleash people's curiosity and reward them for acting on their innovation impulses.

While many companies fall into the complacency trap, others recognize that to compete they must _______.

Companies with an innovation mind-set view ________ as an opportunity to learn.

The second path to innovation involves continuous, _________ improvements.

Facing still competition from Toyota and Honda, GM massively discounted their cars which resulted in great success.

What is the advantage to be gained from collaborative problem solving? Explain with an example.

Fill in the Blank(s) -It's essential that a company has many people with____________ if it is to continue to grow. 23. 3M expects its best engineers and scientists to openly share their to help colleagues with their own projects.

Fill in the Blank(s) -Hayward's ability to________waste__________ assembly lines, and capture market share caught the attention of other small manufacturers.

Executive governance and supply chain advisory councils are being used to reduce the turf protection often encountered in SC innovation.

Fill in the Blank(s) -__________innovation focuses on harvesting the benefits of a continuous flow of small improvement ideas.

Fill in the Blank(s) -Opportunities for collaborative innovation are almost_____________

Fill in the Blank(s) -___________councils bridge strategic distances between a company and its SC partners.

Fill in the Blank(s) -____________innovation and relies on strategic breakthroughs in process or product technology.

Once a company becomes complacent and vulnerable to competitive threats, it is to turn things around.

Incremental innovation strategies rely on creating a systemic capability.

Many companies prefer innovation to continuous improvement.

Due to their competitive potential, continuous improvement strategies are widely employed.

From its inception, 3M has been a/an ________.

Companies that pursue transformational innovation rarely become dependent on potential strategic breakthroughs.

To keep their new customers, companies must establish cultures of continuous improvement.