ways of becoming more innovative Flashcards

1
Q

what is the acronmy we use for ways of becoing more innovative

A

BIRDF

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2
Q

what is BIRDK

A

benchmarking
innovation
research and development
kaizen

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3
Q

what is kaizen

A

process of continuous improvement,

its management approach where employees regularly look for small imporvmetns in teh way they do their work

japanese

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4
Q

what does kaizen approach appreciate

A

the fact that small regular improvements can lead to major improvements in performance overtime

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5
Q

in terms of kaizen how do we do bring improvemnts

A

introduce kaizen groups

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6
Q

what are kaizen grous

A

Small meetings of employees hwo gather to focus on how to improve whats happening in their specific work sarea

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7
Q

in kaizen goups what are groups encouraged to do

A

come up with ideas however small on how to improve area of work - theyre expected to do this frequently

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8
Q

for kaizen groups to work - what are the 3 conditiona

A

employees must feel valued and want to contribute

must feel appreciated and trusted by maangers

feel something will improve as a result of these groups and managers will actually act on theses ideas

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9
Q

what are te 4 positives of kiazen

A

Motivaitng to op in kaizen enviro as ideas are being listend to increase productivity

Less waste is created as a result of this approach so more efficient and you reduce costs

Smaller changes are easier to impolemet as opposed to large changes so you get much less resistance so dont gotta spend time employign change management strategies

Smaller capital expenditure due to small changes - so capital exp on machinery will be smaller

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10
Q

what are the 2 negatives of KAIZEN

A

Quality circles take up lots of time as theyre frequent this can lead to less productivity for employees as spend time on devising action rather than putting it into place

Some may resist membership of kaizen group cuz feel theyre doing well enough already and may not be interested in helping the bs to do better

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11
Q

what is benchamrking

A

occurs when a bs tries to match the approach and successes of a particular process thats used by another org

,managers id the best in their field for particular aspect of work then try learn from tehm

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12
Q

give an example of benchmarking

A

when it comes to managing large # of vsiitors to a bs , bs might set disney as a best in its field and may set out to learn from disney and how it does things

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13
Q

what is the aim of benchmarkin

A

adopt best practices in the world and therefore improve your own performance

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14
Q

for benchamrking to work waht needs to happe

A

you need to be able to learn enough about processes used by the best and to be able to adopt and implement these processes effectively within your organisation

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15
Q

why may benchmarking not work

A

may be hard to access data

rivals is going to be reluctant to share info

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16
Q

Bs bencha,rking is clearly focusing on imporvemetn and learning fromteh best this suggest it will bring about change

A

internally

17
Q

if a bs fails to meet benchark waht can managment do

A

create new strategies to enablreh then bs to meet the benchmark

18
Q

strengths of benchmarking

A

by having top standards youre aiming for , it lead to higher aspirations for the employees which cna increase mitivatin and increasing motivation results in more productivity
and then the whole absenteeism malarky

19
Q

what are negatoves of benchamrkign

A

May not be realsitic for your bs - can be overhwelimg leading to feelings incopmetency and demotivation lower productivity

May encourage you to be less innovative as you look ag what other ocmp are doing your simply copying them , instead of thinking of your wom ideas

20
Q

what does benchamrking depend on

A

mcgregor x and y workers

21
Q

what is intrapreneurship

A

Occurs when individuals within organisations are being entrepreneurial - taking risks and generating new ideas within division , department and follow them through

22
Q

entrepreneur

A

individuals who have their own business ideas and are willing to take the risk to develop them

23
Q

entrepreneurship occurs when

A

people start up their own businesses

24
Q

in an organisation in reatino to intrapreneurship what does it need to be captured

A

entrepreneurial spirits are captured and applied within the business

25
intrapreneurship requires a culture
which supports such efforts nd encourages and rewards initiative
26
give example of org that employess intrapreneurship
google employees are encouraged to compete against each other with their ideas and to pitch them directly to senior executives
27
what are entreprenurial skills
creative htinkin , risk taking,problem solving
28
intraprenurship and entreprenurial skills more liekly to take place with
within flat structures w lots of delegation and may be facilitated through kaize n quality circees
29
what are the 2 benefits of intrapreneurship
Motivating as they feel entrepreneurial in their roles get to develop theri own ideas increase productivity leading ro better quality of results Efforts to encourage intra may help retain the best staff as it provides them with a way to develop and enhance their careers this reduces recruitment costs and keep talent
30
what are the 2 negatoes of intrapreneurship
Slow down dm across a bs meaning can lead to bs missing opportunities and even if not passed on other /comp may take adv and build fma - mayvhave built initial customer base making it harder for bs to enter May b inconsisgeny in output and processes of the bs if each employing intra w/in bs as all ideas are diff
31
what is research and developmetn
work directed towards the introduction , innovation and improvement of products/processes
32
what can r&d be used to foster
product innvoaiton to find new or better products
33
explain a logial chain of analysis for r&d starting with bette meeting customer needs
Leads to better met customer needs Therefore bs may be able to increase prices as theres been an increase in perceived added value as well as improved reputation Leading to higher profit margins
34
explain a logial chain of analysis for r&d starting with bette meeting customer needs - fostering produt innovation
Leads to better met customer needs Therefore bs may be able to increase prices as theres been an increase in perceived added value as well as improved reputation Leading to higher profit margins
35
explain r&d canbe used to foster process innovatino
Can be used to foster process innovation to decrease unit costs This may reduce waste in terms of rm , labour even time allowing you to reduce costs as thers been an increased efficidney in manufacturing the product which leads to higher profit margins
36
strengths of r&d
New products may create a competitive advantage - outperform comp - get more market share Increase brand image therefore cna charge higher proces as a result
37
negatives of r&d
Risk of failure Time consuming - oc Expensive (sunk costs)