Innovation is generally defined as the process of change or creation in order to generate optimum effectiveness amongst products and ideas (Business.gov.au, 2015). In accordance to Business.gov.au (2015), it is suggested that the utilisation of innovative processes can increase the likelihood of a business or organisation’s success as it enhances more efficient work and higher quality performance and productivity. Within a business context, innovation may include the implementation of new ideas,…
Handelshögskolan vid Karlstads Universitet | TITLE OF THE WORK: The Luxury of Open Innovation: A Case Study of Whirlpool Prepared by: Family name | Given name | Shurrab | Hafez…
Business organisations in modern day society are constantly on a lookout for new innovations that would contribute to the company’s drive for success. This of course is crucial in any business, as the use of these innovations can lead to a sustainable outcome. However achieving such competitive advantage is a challenge faced by most business organisations in their relative industry, especially when considering the high demand for cost friendly products that offer the same features as its…
have an overwhelming desire to succumb to the darkness, but that is not the human spirit. Humans know how to survive and in order to address and overcome adversity, you have to believe that better exists or that more can be achieved. Technological innovations and inventions did not evolve from the idea that what currently exists is all that exists. People thought and believed that there was more at stake, there were more efficient ways to do things and that” abundance” was achievable.…
driving force for innovation. IP 's are adverted as “ownership of the mind 's products”(Cooter, Ulen, 124); Intellectual property is secured by the law through patents, copyrights and trademarks; this protective screening allows individuals(inventors) the prospect of obtaining acknowledgment & financial payment from whatever they contrive or formulate. With the successful integration of intellectual property law; “the innovator need not fear that others will steal the innovation. Instead of…
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…
Our world is advancing rapidly with technology that is allowing humankind to stay connected, aid in times of dire need, help the disabled, and provide entertainment among many other uses. Technological innovations and their innovators have made a lasting impact and have reshaped the world as we know it. I was born in the technological era, the “internet generation,” and we are among the first to know web and computing technology since our birth. This technological revolution has fascinated me…
Literature on innovation, though shows contextual biases and disparity (Crossan, M. M., and Apaydin, M., 2010), but mostly refers to innovation as a category that bears the meaning of introducing something new for bringing changes (Godin, B., 2012, working paper no. 12). Thesaurus, on the other hand, suggests innovation as a new state or condition, such as newness, displacement, revolution, youth, restoration, renovation, etc. So, there appears a gap in understanding innovation between…
“…Thamus believed proper instruction and real knowledge must be communicated. Print stresses individualized learning, competition, and personal autonomy. Over four centuries, teachers, while emphasizing print, have allowed orality its place in the classroom, and have therefore achieved a kind of pedagogical peace between these two forms of learning, so that what is valuable in each can be maximized. Now comes the computer, carrying anew the banner of private learning and individual…
The success of Mountain Dew Kickstart becoming one of the “Breakthrough Innovations” stems from superior management talent being mindful of the trends and situations in the external environment in order to recognizing the potential of external opportunities (Ferrell & Hartline, 2014). In addition to the team’s vision, the Mountain…