National innovation system

Innovating ideas also need great team players to be successful. One of the greatest advantages for start-ups, is the credibility of the people involve in the project. While working on her MBA, she created a network of well-educated people, one to help her develop the business, another one, to research the science of freezing egg and the medical protocols and a last team to be on top any technological and scientific development for the company. She also established agreements with clinics to…

Understanding the Innovation Gap “How Leaders Can Close the Innovation Gap” is an article by Claude Legrand and David S. Weiss published in the Ivey Business Journal, which claims to offer “concise commentaries” and “productivity-enhancing management advice” (Ivey Business Journal). However, the article does not echo the professionalism expected from any business journal, and would more aptly be seen as a passable entry on a blogging website. While four “enablers” for innovation are suggested,…

Have you ever wondered about the advancements of technology and how as technology progresses and gets better, will society do the opposite and get worse? Whether it's good or bad, technology is taking over every part of society. In the article “Meet Your iBrain” by Gary Small and GiGi Vorgan, they talk about how technology is “alternating our brain”, and how it is also changing the way “we feel and behave,” especially our social skills. In this paper, I will discuss two ways that technology…

now what is there to do in order to survive? With more jobs being outsourced overseas, it forces the American people to rethink if free trade is still a viable solution. Ricardo’s idea on free trade put the world into a comparative advantage trading system where the goods of one nation are traded for that of another. This way of trading then, in turn, benefits both parties. While this may be good for the other countries, Friedman shows how it hurts many Americans. Employees are forced to change…

Report on Solow Growth Model and Prosperity without Growth WestCliff University Date: 08/05/2017 Summary The Solow growth model (Robert Solow a noble prize winner) suggesting that economic growth comes from Capital, Labor and Ideas of new technology. People and technologies are the main sources of the growth , labor are more productive when they work in factories. The Solow growth model also addresses the Solow residual, means when economic growth is relying on new ideas and technologies.…

Acemoglu and Robinson make great strides in the institutional argument from North and Thomas’ start in Rise of the Western World. Their case is quite compelling in addressing the question of why are some countries so rich and some so poor. It’s appealing mainly because it all boils down to incentives: if masses are incentivized, a country will grow, if the elites alone are incentivized/hold the power, a country will stagnate. This argument is almost impossible to refute because it’s built on the…

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…

individuals. For a social organization to be considered as a civilization, there are five key elements to consider before making the society a legitimate civilization. These key elements are: 1. a centralized government, 2. an organized religion/belief system, 3. job specialization and social classes, 4. arts, architecture and infrastructure, and 5. writing. First, a social organization must have a centralized government. This means that a person or a small group of people…

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…

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 property of technical-social production systems and their immediate environment to preserve functional integrity in dangerous technogenic conditions. In an…