Innovation

1. How can Wikipedia maintain and grow its ability to harness the crowdsourcing of its “Wikipedians” to maintain high quality (and quickly updated) content? If Wikipedia can demonstrate effectively the potency of innovation in a competitive weapon it will simultaneously create and destroy value. Firms must be able to innovate while also fending off competitor’s imitation attempts. A successful strategy requires both an effective offense and a hard to crack defense. The reason for Wikipedia’s…

things that need to balance for maximum productivity and profit. They are innovation and production efficiency, combined together correctly and any company will grow bigger. In an effort to increase production efficiency businesses implement the Six Sigma Program. This program doesn’t come without criticism, it is thought that it creates an imbalance by stifling innovation and creativity. To talk about this program and innovation, companies should first understand them and their effects. The Six…

management problems, lack of right communication channels in the organisation, declining sales, and the switch from traditional to digital media channels. These problems lead to the initiation of a new strategy which concentrates on creating an innovation focused organisation structure and entrepreneurial environment in order to become the leading multi-channel media company. The question is, can the Group find its place in this fast changing environment and how it should implement the…

responsible for saving millions of lives and helped alleviate hardships and struggles throughout the Depression. These innovations sparked growth through economic, domestic combined with medicinal applications and continue to provide modern Canadian society with ever-expanding insights. In retrospect, many Canadians today see new technologies as the divide between families. These innovations have spread into every home and have damaged familial relationships in more ways than one. In the 1920s,…

Creativity is a fundamental characteristic of entrepreneurs. The link between business teaching, creativity and entrepreneurs has been widely studied on the last years both from the academics and business perspective. However, there is a gap in the research of the link between social entrepreneurship and creativity, specifically in teaching creativity to entrepreneurs. Therefore my research aims to determine the influence of creativity in the development of social entrepreneurs. The overall…

process in terms of expansion with innovation and creativity; this is evidenced through a wide variety of both observable and unobservable criteria. Some of the unknown variables…

In order to be a social innovation, a program or product must be novel and innovative—going significantly beyond what exists. The technology that we propose is not really new (although it will continue to evolve), but the application absolutely is. BOTS.GOV will use relatively common…

(1995) investigated the role of innovation and PD. They found that in high PD societies, a greater need of approval from hierarchy was needed for innovative activities. So a strict hierarchy can stifle the innovation activities of a firm. High innovative activities such as invention patents are positively associated with low PD (Shane 1992). Calculated risk taking in innovative activities is a standard way of doing business in many nations. Implementing any innovation involves risks, especially…

is to be an entrepreneur and subsequently why most start-ups ultimately fail. He wrote this book to share with entrepreneurs a-like, the lessons he learned from his own failures/successes and more importantly, how to stop the waste of start-up’s innovation and products. Ries takes…

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…