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Showing results for tags 'innovation'.
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Innovation vs Invention
Vishwadeep Khatri posted a question in We ask and you answer! The best answer wins!
Q 691. What is the difference between Innovation and Invention? Provide some examples for both. Can Lean Six Sigma principles be applied to both of them? If not why? Note for website visitors - This platform hosts two weekly questions, one on Tuesday and the other on Friday. All previous questions can be found here: https://www.benchmarksixsigma.com/forum/lean-six-sigma-business-excellence-questions/. To participate in the current question, please visit the forum homepage at https://www.benchmarksixsigma.com/forum/. The question will be open until Tuesday or Friday at 5 PM Indian Standard Time, depending on the launch day. Responses will not be visible until they are reviewed, and only non-plagiarised answers with less than 5-10% plagiarism will be approved. If you are unsure about plagiarism, please check your answer using a plagiarism checker tool such as https://smallseotools.com/plagiarism-checker/ before submitting. All correct answers shall be published, and the top-rated answer will be displayed first. The author will receive an honorable mention in our Business Excellence dictionary at https://www.benchmarksixsigma.com/forum/business-excellence-dictionary-glossary/ along with the related term. Some people seem to be using AI platforms to find forum answers. This is a risky approach as AI responses are error prone as our questions are application-oriented (they are never straightforward). Have a look at this funny example - https://www.benchmarksixsigma.com/forum/topic/39458-using-ai-to-respond-to-forum-questions/ We also use an AI content detector at https://crossplag.com/ai-content-detector/. Only answers with less than 15-20% AI-generated content will be approved. -
Q. 99 When it comes to designing an innovative product, there are two schools of thought. One school believes in innovation that is based on customer needs, wants and expectations. The other school argues that the customer cannot express his desire unless you show something to him. A famous adage by Henry Ford is attributed to the second school of thought - “If I had asked people what they wanted, they would have said - Faster Horses!.” Which side of the debate do you find yourself? Explain with suitable examples. Note for website visitors - Two questions are asked every week on this platform. One on Tuesday and the other on Friday. All questions so far can be seen here - https://www.benchmarksixsigma.com/forum/lean-six-sigma-business-excellence-questions/ Please visit the forum home page at https://www.benchmarksixsigma.com/forum/ to respond to the latest question open till the next Tuesday/ Friday evening as per Indian Standard Time. The best answer is always shown at the top among responses and the author finds honorable mention in our Business Excellence dictionary at https://www.benchmarksixsigma.com/forum/business-excellence-dictionary-glossary/ along with the related term.
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Diffusion of Innovations Theory
Vishwadeep Khatri posted a question in We ask and you answer! The best answer wins!
Q 338. Everett Rogers Diffusion of Innovations Theory helps explains how, why and at what rate the new products and services get adopted by customers. Explain the theory along with the various types of adopters. Note for website visitors - Two questions are asked every week on this platform. One on Tuesday and the other on Friday. All questions so far can be seen here - https://www.benchmarksixsigma.com/forum/lean-six-sigma-business-excellence-questions/ Please visit the forum home page at https://www.benchmarksixsigma.com/forum/ to respond to the latest question open till the next Tuesday/ Friday evening 5 PM as per Indian Standard Time. Questions launched on Tuesdays are open till Friday and questions launched on Friday are open till Tuesday. The best answer is always shown at the top among responses and the author finds honorable mention in our Business Excellence dictionary at https://www.benchmarksixsigma.com/forum/business-excellence-dictionary-glossary/ along with the related term -
Creativity & Innovation
Vishwadeep Khatri posted a question in We ask and you answer! The best answer wins!
Q5 - There are many experts who consider the presence of a process as a significant roadblock in the effort towards creative design work. It is also understood that there are many innovations that happened purely by accident. Is there any value in the use of Lean Six Sigma in the world of product innovation? Why/ Why not? Note for forum visitors - Two questions are asked every week on this platform. One on Tuesday and the other on Friday. The previous question gets locked when the new question appears. All questions so far can be seen here - https://www.benchmarksixsigma.com/forum/lean-six-sigma-business-excellence-questions/ Please visit the forum home page at https://www.benchmarksixsigma.com/forum/ to respond to the latest question open till the next Tuesday/ Friday evening 5 PM as per Indian Standard Time. The best answer is always shown at the top among responses and the author finds honorable mention in the our Business Excellence dictionary along with the related term.