Terms related to »Innovation«

Management Innovation

When management subscribes to a new way of thinking and (radically) alters its own decision-making, organizational structures and processes to pave the way for wider organizational change. [ » read more ]

Method

We say: it’s a way of carrying out a particular task, which often comes as a detailed set of step-by-step instructions on what to do. The Oxford Dictionary says: it’s “a particular procedure for accomplishing or approaching something, especially a systematic or established one.” [ » read more ]

Method(ology) Misfit

The application of a methodology or method which was created for a particular context in a situation or environment to which it is poorly adapted to, or not applicable at all. [ » read more ]

Methodology

A largely codified set of processes and methods with an underpinning paradigm and theory which guides action. Often used in a particular area of study or activity. [ » read more ]

Minimum Viable Product (MVP)

A very early version of a product with a specific value proposition and set of features: primarily built for learning and to (in)validate hypotheses with early adopters. [ » read more ]

Moonlighting

The act of working (often in secret) on an innovation (side) project without telling your employer or colleagues. [ » read more ]