Leveraging (information) technology for innovation and organizational learning - Innovation, Intrapreneurship, and Creativity

4 important questions on Leveraging (information) technology for innovation and organizational learning - Innovation, Intrapreneurship, and Creativity

Protecting innovation through property rights

give people and organizations the right to own and control productive resources and to profit from them

Entrepreneurship and creative destruction

Creative destruction=> technological changes brought about by increasing global competition that generate new innovations (bv industrial revolution)

Innovation and product life cycle => the changes in demand for a product that occur over time

>Stages:
1. Embryonic stage (getting acceptance)
2. Growth stage (customers entering the market)
3. maturity stage (market demand peaks, customers already bought)
4. decline stage (demand falls because alternative products)

=>influence on:
- Rate of technological change: length of product- life- cycle is shorter if rate of technological change is high (=bv al snel nieuw model laptop, vlak na de introducti)
- Role of fads & fashion
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IT and organizational structure and culture:
- It helps moving decision making lower in the organization

1. IT gives lower- level employees more detailed and current knowledge of consumer and market trends and opportunities
2. IT can produce information synergies because it facilitates increased communication and coordination between decentralized decision makers and top managers
3. IT means that fewer levels of managers needed to handle problem solving an decision making, which results in a flatter organization

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