ways of becoming more innovative

Question 1

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

Answer 1

BIRDF

Question 2

what is BIRDK

Answer 2

benchmarking
innovation
research and development
kaizen

Question 3

what is kaizen

Answer 3

process of continuous improvement,

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

japanese

Question 4

what does kaizen approach appreciate

Answer 4

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

Question 5

in terms of kaizen how do we do bring improvemnts

Answer 5

introduce kaizen groups

Question 6

what are kaizen grous

Answer 6

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

Question 7

in kaizen goups what are groups encouraged to do

Answer 7

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

Question 8

for kaizen groups to work - what are the 3 conditiona

Answer 8

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

Question 9

what are te 4 positives of kiazen

Answer 9

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

Question 10

what are the 2 negatives of KAIZEN

Answer 10

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

Question 11

what is benchamrking

Answer 11

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

Question 12

give an example of benchmarking

Answer 12

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

Question 13

what is the aim of benchmarkin

Answer 13

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

Question 14

for benchamrking to work waht needs to happe

Answer 14

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

Question 15

why may benchmarking not work

Answer 15

may be hard to access data

rivals is going to be reluctant to share info

Question 16

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

Answer 16

internally

Question 17

if a bs fails to meet benchark waht can managment do

Answer 17

create new strategies to enablreh then bs to meet the benchmark

Question 18

strengths of benchmarking

Answer 18

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

Question 19

what are negatoves of benchamrkign

Answer 19

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

Question 20

what does benchamrking depend on

Answer 20

mcgregor x and y workers

Question 21

what is intrapreneurship

Answer 21

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

Question 22

entrepreneur

Answer 22

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

Question 23

entrepreneurship occurs when

Answer 23

people start up their own businesses

Question 24

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

Answer 24

entrepreneurial spirits are captured and applied within the business

Question 25

intrapreneurship requires a culture

Answer 25

which supports such efforts nd encourages and rewards initiative

Question 26

give example of org that employess intrapreneurship

Answer 26

google employees are encouraged to compete against each other with their ideas and to pitch them directly to senior executives

Question 27

what are entreprenurial skills

Answer 27

creative htinkin , risk taking,problem solving

Question 28

intraprenurship and entreprenurial skills more liekly to take place with

Answer 28

within flat structures w lots of delegation and may be facilitated through kaize n quality circees

Question 29

what are the 2 benefits of intrapreneurship

Answer 29

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

Question 30

what are the 2 negatoes of intrapreneurship

Answer 30

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

Question 31

what is research and developmetn

Answer 31

work directed towards the introduction , innovation and improvement of products/processes

Question 32

what can r&d be used to foster

Answer 32

product innvoaiton to find new or better products

Question 33

explain a logial chain of analysis for r&d starting with bette meeting customer needs

Answer 33

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

Question 34

explain a logial chain of analysis for r&d starting with bette meeting customer needs - fostering produt innovation

Answer 34

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

Question 35

explain r&d canbe used to foster process innovatino

Answer 35

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

Question 36

strengths of r&d

Answer 36

New products may create a competitive advantage - outperform comp - get more market share

Increase brand image therefore cna charge higher proces as a result

Question 37

negatives of r&d

Answer 37

Risk of failure
Time consuming - oc
Expensive (sunk costs)