National innovation system

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…

Assignment 1: Incentives and opportunism Incentives and opportunism are replenished through bad leadership and barriers which, within various institutions, roles between people can change. The retrospective vision of a technocratic and quantitative way of leading has definitely expired due to voluminous growth of the World Wide Web. Firstly, companies are run by human beings. Humans as such, are greatly influenced by motivational factors which work as incentives. These incentives mutate rational…

success (CKGSB Knowledge, 2014). The survey found that creative leaders would invite disruptive innovation meaning that they would encourage others to stop following out-dated processes and take risks. They believe this is one of the main ways in which organisations can deal with their ever changing industries that are getting more and more volatile year on year (IBM, 2010). With this shift in favour of innovation, this opens up more opportunity for graduates that can engage their creative…

Cantillon and Adam Smith in the 17th and early 18th century, innovation holds an important position in capitalism. In a market economy the basic economic problem (what to produce, how to produce, and for whom to produce) is solved by entrepreneurs on a trial-and-error basis. An entrepreneur is a person who pays known costs of production to exploit opportunities in order to maximize financial returns. Thus, entrepreneurship is associated with innovation: a really novel idea either creates a new…

In order for a company to be successful, one must be highly innovative. For a company to keep customers engaged in their products, they must keep changing the products that are available. Most companies change their products from season to season. Businesses go through a process called product development in order for their new products to reach the market. According to Forbes, Lululemon Athletica is ranked number 41 on the 2015 ranking of the most innovative growth companies. Based on its…