Social innovation

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…

innovate so as to create sustainable competitive advantage. It became apparent that companies can no longer afford to rely entirely on their own ideas to advance their business, nor can they restrict their innovations to a single path to market (Henry W.Chesbrough, 2003). In that vein, open innovation and crowdsourcing are trending up and becoming a manifestation of a larger bandwagon…

Success in the global knowledge economy requires continuous innovation. Innovation which is associated with economic growth, employment and prosperity in society has become one of the fastest growing research fields in the management area. The capability to innovate is among the most important factors that will help a firm to achieve and sustain its competitive advantage (Hult et al., 2004). Literature in innovation confirms that innovation has been perceived as an engine of economic growth,…

Innovation in events is define as the activities required to make new thoughts, procedures or items which when actualised lead to positive compelling change. While development requires the formation of new thoughts, procedures or items, advancement moves above and beyond and requires execution of the innovative demonstration. Advancement likewise suggests a framework which tries to get a positive result from the innovative demonstration. For instance, activities which prompt a negative execution…

The BoP 2.0 is the evolution of the previous concept of BoP. It was created by Hart, who was also the co-author of the first paper with the guru Prahalad. The main catchword of the second generation of BOP is co-innovation of new products among producer and consumer. In the BoP 2.0, a very important theory is sharing the value among the different stakeholder and in particular the idea of co-creation with the BoP market. The concept has evolved also because the first generation could have been…

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 purpose of this literature review is to establish the current state of the research of social entrepreneurship and its relationship with the teaching of creativity among social entrepreneurs to understand how social entrepreneurs are influenced by…

accommodate to these changing conditions for survival and success. As volatility in business environment created uncertainties and obsolescence in traditional business, innovation emerged as a significant driving force to sustain and improve competitive advantage for companies. However, despite both academic and practical focus on innovation and entrepreneurship, many companies face difficulties and often fail in motivating their employees to behave entrepreneurially. In discussing the root…

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.…

entrepreneurship and what does it do for the company? Corporate entrepreneurship is the representation of risk taking, being active, and showing innovation within a business. Having a corporate entrepreneurship can do many things for a company such as, improving the revenue, or rising to be the top competitor. The two businesses I chose to compare and contrast their innovations are, Martell Home Builders and General Motors Company. Pierre Martell, founder of Martell Home Builders in Moncton,…

for advanced, wealthy markets in the “developed” world. More difficult still is creating into a product that does well in both types of markets, a process called “reverse innovation”. Unlike reverse engineering, where you try to “un-make” a product and break it down into its components so you can improve it, reverse innovation is about designing products in a third or second-world context and translating them to succeed in first-world economies (Winter and Govindarajan 82). There…