Activity: Connecting the Dots
Required Preparation
Before this activity, please complete the following:
- Read the assigned reading “Leading Breakthrough Innovation in Established Companies”.
- Complete the corresponding Canvas quiz.
Description: This activity helps you solidify your understanding of key concepts related to breakthrough innovation in established companies and make connections between them. Working in groups, you’ll randomly select five concepts from a provided set and engage in a structured discussion to explore their definitions, relationships, and real-world applications. You’ll then share your insights with the class, contributing to a collaborative learning environment.
Learning Objectives
By the end of this activity, you will be able to:
- Recall and define key competitive advantage analysis concepts.
- Explain the relationships between different concepts.
- Apply the concepts to real-world business scenarios.
- Communicate your insights effectively to the class.
Key Concepts
Disruptive innovation Skunkworks Start-up incubators Platform & ecosystems Innovator's DNA Innovation horizon lifecycle Collaboration models crowd-based collaboration Strategic partnership Strategic acquisition Strategic investment Mature businesses High-growth businesses Emerging business opportunities Risk management Change management Creative destruction
Steps:
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Concept Selection: Each group will randomly select five concepts from the set of concepts listed.
- Group Discussion: Discuss the following for each of the five selected concepts:
- Definition: Define the concept in your own words.
- Connection to Distruptive Innovation: Explain how this concept relates to the overall process of internal analysis.
- Relationships: Identify any connections or relationships between this concept and other concepts in the set. Summarize why it matters.
- Real-world Example: Provide a real-world example of how this concept applies in a business setting.
- Visual Representation: Create a visual representation (e.g., mind map, concept map) to illustrate the connections between the five concepts.
- Class Presentation: Share your group’s insights and visual representation with the rest of the class.
Self-assessment:
- Active participation in group discussions.
- Clarity and depth of insights shared during the class presentation.