Technology & Innovation Management (49016) Week 6

Sell your flying bicycle

Skycycle: material: carbon fibre - light aerodynamic design

how it flies: vertically take-off anti-gravitational system - adjust gravitational level

solar panel - powered battery 4000km at stretch hybrid engine

safety feature - inbuilt parachute , auto balance, collision detector

gps, navigational system (ai power system, gives you route based on weather) auto pilot feature human machine interface (communicate)

• essential option: helmet with goggle, enhanced safety and navigation
• complimentary skybike license program

price: 500,000 aud + 100,000 aud

Business Process

A business process is an repeating sequence of activities, performed with the intention of achieving a specific outcome for the organisation.

Process (Descriptive)

• A series of causally-linked events and changes that occur within a system.
• A process model describes how these occur and captures details of interest.
• In an organization, this is “what people actually do”.

Procedure (Prescriptive)

• A formalised series of instructions for performing a particular task.
• It prescribes the actions to be taken, how exceptions are to be handled, etc.
• In an organisation, this is “what people are formally instructed to do”.

Yokoten

process of sharing and spreading the good practices, ideas, and lessons learned from one area or team or antoher.

tool that helps to standardise and sustain improvements, as well as to create a culture of learning and collaboration

Business Processes in Functional Areas

Bank customer service example discussed in class

Process for your proposed idea

Business Process Modelling

Crucial to understand why we are modeling it.

To understand the process and to share that understanding with the people who are involved with it on a daily basis

Systems in innovation

Any innovation introduces a CHANGE. Before implementing, we ought to understand the broader consequences of the change.

For risk management purposes, it is important to consider alternatives and contingencies