GMS 200 Chapter Notes - Chapter 9: Gary Hamel, Disruptive Innovation, Social Business

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Franklin Gorospe

Document Summary

Gms 200 chapter 9 pg 286 to 308. Strategic leadership creates the capacity for ongoing strategic change. Creaivity is the generaion of a new idea or unique approach that solves a problem or crats an opportunity. Innovaion is the process of taking a new idea and puing it into pracice. Business innovaions: product innovaions result in new or improved goals or services, process innovaions result in beter ways of doing things, business model innovaions result in ways for irms to make money. Sustainable innovaion creates new products and processes that have lower environmental impact. Green innovaion is the process of turning ideas into innovaions that reduce the carbon footprint of an organizaion or its products. Social business innovaion inds ways to use business models to address important social problems. Social entrepreneurship pursues innovaive ways to create change that beneits society. Commercializing innovaion turns ideas into economic value added.