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Creating strategies of innovation

This document outlines various strategies for innovation. It discusses Dupont's strategy of cutting prices and improving products. It also mentions IBM and Japanese strategies as being more successful than others. The niche strategy is described as establishing oneself in a finite market so no others enter. Developing one product to carry another is given as an example of a minor strategy, using Gillette blades and turbines. Sources of innovation are identified as taking advantage of expected and unexpected successes, exploiting trends vs realities, contradictions within processes, and demographic incongruities.

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Creating Strategies of Innovation MEMBERS: 1- MOHD TAUFIK BIN ABU SALIM [SEF120019] 2- WAN NUR NABIHAN BTE WAN ABD RAHMAN [SEF120035] 3- NUR ALINA BINTI SAADUN [SES10011]
The Firstest with the Mostest Dupont- excelled entrepreneur strategies Cut price Improve the product
The Second with the Mostest Startegies More successful than the first of the mostest. IBM strategies or the Japanese strategies.
The Niche Strategy Widely popularized. Finite market and established yourself to the point where it is not worthwhile for anyone else to move in because the market cannot be expand.
Making the Product your Carrier  Developing one product so it can carry another is an example of a minor strategy.  Example: Gillette blades Turbine
How to identify Sources of Innovation Take advantage of and act quickly on your success, both expected and unexpected. Exploit incongruities between obvious trends and the realities of change. Find the exploit the contradiction within a process. Find and exploit incongruities between political and economic realities. Exploit demographic in congruities where no one else does.
Exploiting incongruities between obvious trends and the realities of change.  The development has to be the central power station into which you plug all kinds of peripherals and receivers.  Willing to look at the market.
Exploiting the contradictions within a process Demand goes steadily but yet the industry cant make the money Cannot indefinitely trade off the productivity of one resources against downgrading the productivity of another
Exploiting incongruities between political and economic realities Voting in election then the government will keeping them ( entrepreneur) in business. Entrepreneurs take advantage in a disagreeing population.
Exploiting demographic incongruities Must have a high level person permanently stationed at the state house. Another permanently working on a labor relations.