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Innovation Vocab
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Published on Dec 16, 2015
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1.
Innovation Vocab
By Haneen Abukhalil
2.
Innovation
Something new or different
3.
Sytematic Innovation
The process of analyzing and solving problems to solve a problem
4.
Jugaad
Making something out of materials not attended for the purpose
5.
First Mover Advantage
Benefit enjoyed by a company when its first to put out something new
6.
Lean Innovation
Creating more value for customers with fewer resources
7.
Disruptive Innovation
creating something new that eventually replaces an existing technology
8.
Enlisting the services of a number of people usually via internet
9.
Creative Commens
Lets people copy and distribute work under specific condition
10.
Open Innovation
Assumes companies can use external and internal ideas
11.
User Engagement
Quality of experience with a web application
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