Diffusion of innovations

2.3.3 Innovation and Sacco Growth Intensified competition between SACCOs as well as allowing members to easily compare offers provided by different SACCOs has heightened the rate of member switching to other service providers. In its widest sense, innovation is considered to be anything that is new to a business or as comprising new products and processes and significant technological changes of products and processes (Hine & Kapeleris, 2006). They add that innovation has been implemented if it…

3.A. What are the major characteristics that should be achieved before a social organization qualify to be considered as a civilization? Civilization is often defined as "an advanced state of human society, in which a high level of culture, science, industry and government has been reached." Civilization can only take place in a context of “states”. Decision making does not only takes place within a home and between family members, but it takes place in a centralized power-structures where…

Entrepreneurial skills. Hisrich and Peter (2011) defined entrepreneurial skill as the capacity to make something new with worth by giving the fundamental time and effort, assuming the accompanying financial, psychic and social risk, and getting the resulting rewards of monetary and individual fulfilment and independence. It is likewise the capacity of an individual to exploit an idea and create an enterprise (Small or Big) not only for personal gain but also for social and development gain…

Background People’s productive activity is inseparably linked with the transformation of energy; substance and information flows in order to obtain the necessary products of labor. At the same time, there is always the possibility of emergency release of energy contained in techno-social systems due to its entropic properties. Such an inevitable attribute of production activity is usually correlated with technology and is called a danger (technogenic by source). Safety is then understood as the…

The art of product designing needs the skill of designing a product (just from a concept) that is beneficial to the inventor as well as the intended consumers. Product design is certainly not an easy task. It requires many skills as well as computer knowledge and, most importantly, creativity. Not everyone is skilled enough with the aesthetics – right? Besides, you also have to be knowledgeable about different software applications, especially CAD (computer-aided design), CAM (computer-aided…

Based on the analysis and the different matrices that we constructed the group proposes an aggressive strategy for PEL. The aggressive strategy will incorporate market penetration, product development and diversification. The company should use market penetration strategy as currently PEL has a low marketing budget and does not promote its products. So the company should go in to market penetration. Secondly the company should adopt product development strategy and should introduce new products…

Humans strive for innovation and for improvements in humanity. Throughout each generation there are inventions created to improve productivity or improve humanity. Inventions have made the world both better off and worst off. Some inventions are made to benefit the productivity or the health of others while some inventions accidentally harm people. The goal of the inventor is to create good for the people and not to create harm. Inventors have the ability to make a creation that can lead to…

Ghost ships are the replacement of soldiers with intelligent machines powered by sophisticated code. This technology will create opportunities to increase economics and political issues. Ghost ships would replace human muscle, increased the value of human effort and in the process will probably drive much of the economic growth in the coming decades. Consider the progress rates will soon dominate the global economy and in the process drive down the value of human labor with astonishing speed.…

(1) Develop a mission statement for Jarvis Communication. The mission statement for Jarvis Communication is to bring a brand new quality to communication technologies. (2) Develop three major goals/objectives for Jarvis Communication. The three major goals/objectives for Jarvis Communication are: 1) To decrease time to market of their products; 2) To consider the sizing of their products without changing the quality; 3) To develop strategic alliances with communications and computer companies.…

Creativity is the generation of imaginative new ideas, involving a radical newness innovation or solution to a problem, or a radical reformulation of problems, or an integration of existing knowledge in a different way. The created item may be intangible (scientific theory, musical composition, and joke) or an original physical object (invention, literary work, architecture, painting). Creativity involves use of everyday capacities such as the association of ideas, memory, perception, analogical…