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Detailed Notes on Strategic Innovation Part 2 & 3

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These notes provide a detailed look at strategic innovation and breaks it up into sections to better understand the components that make this topic area up. They include tables and diagrams designed by myself to help clarify concepts and theories. They contain extra information to fully round off your understanding and include the learning outcomes so you can keep these in mind as you go through the notes. Tips and breakdowns are also included.

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Institution
CityVarsity (CV)
Course
Business Management 3B

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1

,2

, Before you start:
§ We have looked at innovation opportunities in part one, specifically the opportunities that various
theories can provide in terms of what they offer.


§ We will now look at the following innovation opportunities continued from part 1 in terms of:
Ê Value innovation and competitive advantage
Ê Blue ocean strategies
Ê Business model innovation
Ê Bottom of the pyramid



TIP:
Remember to keep the bigger picture in mind. We are looking at strategic innovation as a whole and are
breaking this down into its components, namely:

Ê Innovative/innovation opportunities
ê Innovation theories
ê Value innovation and competitive advantage
ê Blue ocean strategies
ê Business model innovation
ê Bottom of the pyramid

Ê Supportive organizations
Ê Innovative individuals.




There are 3 schools of academic
thought associated with strategic
innovation:

Ê Value innovation
Ê Disruptive innovation
Ê Bottom of the pyramid innovation
(BoP)




3
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Trevor Amos, Annemarie Davis, Ralph Hamann, Ernst Neuland, Mari Jansen van Rensburg Strategic Management
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Institution
CityVarsity (CV)
Course
Business Management 3B

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Uploaded on
July 18, 2024
Number of pages
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Written in
2023/2024
Type
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Professor(s)
Kim gie
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I create customized notes and summaries based on IIE modules at Varsity College. These notes are tailored to specified learning outcomes. I also provide templates for study schedule planning, weekly planners, assignment trackers and more. My notes will include past exam paper questions as well as questions from VC learn relating to the learning unit. I find as an online student, it can be difficult to work through the material yourself and manage your time effectively, these notes aim to support students in their studies and be well prepared for exams!

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