IDT - Digital Innovation: A review and synthesis

Question 1

Digital Innovation Model of (Actions) and (Outcomes)

Answer 1

Actions:
External Competitive Environment
INITIATE, DEVELOP, IMPLEMENT, EXPLOIT
Internal Organizational Environment

Outcomes:
Product, Service & Process

Question 2

Initiate

Answer 2

Identify, assimilate, and apply valuable knowledge from inside and outside firm pertaining to problems and opportunities amenable to digital innovation.

Question 3

Develop

Answer 3

Design and develop new information system, customize an existing solution, adopt a pre-existing solution.

Question 4

Implement

Answer 4

Install and maintain IS from both a technical and an organizational perspective, including new governance systems, training, and processes.

Question 5

Exploit

Answer 5

Leverage existing IS for maximal value. Reuse existing systems, data, etc for new purposes.

Question 6

Internal organizational environment

Answer 6

The organizational backdrop, including business strategies, cultures, knowledge management, and ways of doing.

Question 7

External competitive environment

Answer 7

The competitive marketplace within which firm is embedded, including fads, fashions, and consumer segments.

Question 8

Outcomes

Answer 8

Either projected or actual new business processes, products, and services because of digital innovation.