POST-SESSION EXERCISES

EXERCISE 1. (END OF DAY1)

QUESTION

1. What is the biggest innovation in your country?

Explain why you think so, too.
2. Which of the following is NOT a feature of SMEs :
• More flexible
• Adapt themselves better
• better placed to develop and implement new idea

3. Which type of innovation is faster for SMEs to implement :

• Product Innovations
• Process Innovation
• Radical Innovation

4. Which sector has wider scope of innovation wrt SMEs:

• Pharmaceutical
• Information Technology
• Auto-Component
• Textile
5. Videos to be seen:

Maharani Paints – Best Innovative SME

https://www.youtube.com/watch?v=Qz2aNZVDKsg

Mynd Solutions -
https://www.youtube.com/watch?v=8_vFLG_lQAM

In a Group of 2-3 members, Analyze the video

&Comment.
6. Analyze your company / organization in terms of below 4 elements
to be more innovative.

a) Internal strength = Applicable internal resources

(Manpower, Money, Physical stuff, Information etc.)
b) Internal weakness = Challenges in your organization
c) Opportunity = Business chances to catch out of/around you
(Market trend, policy, customer’s need, etc.)
d) Threats = External risks to take
(Competition, Market change, currency fluctuation, etc.)
 EXERCISE 2 (END OF DAY 2)

1. Fill in the blanks

Eco-innovation can be implemented when regulations affect
_____________.

Three determinants of eco-innovation are ___________, _____________

and ______________.

2. State true or false:

Sustainability-oriented innovation is important for two reasons: due to increase
in environmental regulations and to gain competitive advantage.

3. Some Videos to be seen :

https://www.youtube.com/watch?v=kzFJ7S1QwMQ

Group Exercise: Analyze the above videos and give comments.

4. Based on your analysis at the exercise 2, brainstorm possible
innovation
In your company/organization

a) What is the type of innovation ?

(Product/service, Process, Market, Organizational, or else)
b) What might be the first step to initiate the innovation
in your company / organization ?
5. Which of the following is NOT a feature of SMEs :
• More flexible
• Adapt themselves better
• better placed to develop and implement new idea

6. Which type of innovation is faster for SMEs to implement :

• Product Innovations
• Process Innovation
• Radical Innovation

7. Which sector has wider scope of innovation wrt SMEs:

• Pharmaceutical
• Information Technology
• Auto-Component
• Textile

8. Videos to be seen:
Maharani Paints – Best Innovative SME
https://www.youtube.com/watch?v=Qz2aNZVDKsg
Mynd Solutions - https://www.youtube.com/watch?v=8_vFLG_lQAM

In a Group of 2-3 members, Analyze the video and Comment.

9. Videos to be seen:
INNOVATION AT SMEs –
https://www.youtube.com/watch?v=nfkvTfTAaY8
OPEN INNOVATION AT LEGO -
https://www.youtube.com/watch?v=aEZJujZF76M
IN A GROUP OF 2-3 AND ANALYSE THE CASE STUDY

10. Fill in the blanks:

• Open Innovation is a paradigm that assumes that firms can and should use ________ as well as
___________ as the firms look to advance their technology.
• Inbound innovation is _______________________and Outbound Innovation is
________________________.
• An emerging model of innovation is based on the premise that diffusion is __________ and is
____________ by __________ either internal or external to the organization.

11. True/False:
• Diffusion is the process by which an innovation is communicated through certain channels over
time among the members of a social system.
• Adoption process is not uniform and differs based on the nature of the innovation itself.
• All IPRs are mainly designed to give the holder of the right a benefit in terms of an exclusive right
to use his ideas or innovation behind the IPR.