ENTRENEURSHIP
1. Explain why it is necessary to view innovation as a management process.
- Innovation is necessary to view as a management process because it's a systematic approach for
generating, prioritizing, evaluating and validating new ideas and put them it into practice.
They're capturing innovative ideas from their employess and building an productive idea to make their
business stay competitive. Innovation is support from a company to sustain their growth and contionous
improvements.
- Innovation is a center of growing firms, It has a many different concept to understand. It is like a
endless cycle of gathering information, view of changes, process, making decision. Innovation is the
basis of making new business.
2. What is wrong with the popular view of innovation in which eccentric scientists develop new
products?
- It is misleading or damaging the image of the innovation process and cause an immense harm
tounderstanding of Science and Technology
3. How does an ‘open innovation’ approach help firms?
- It helps firms through the use of cheap and instant information flows that places even moreemphasis
on the linkages and the supply chain in particular that firms have to ensure that they have thecapability
to fully capture and utilize ideas with further externalization of the innovation process in terms of
knowledge inputs and collaboration to exploit knowledge outputs.
4. What is the difference between an unsuccessful innovation and an invention?
- The differences between unsuccessful innovation and an invention, unsuccessful innovation
attempts at innovation that have been abandoned or have failed, due to lack of resources while
inventionis about moving these ideas into physical reality via technical implementation, which requires
the commitment of organizational resources.
5. To what extent do you agree with the controversial view presented by the chairman of Sony?
- Sony’s dominance in the 80’s and 90’s could only be followed by their massive fall from grace
ascompetitors like Apple and Samsung and then unknown players like GoPro and Sonos dismantled
Sony’sgrip on consumer electronics, product by product. On the past years while Sony was once the
hardwaremaker for TVs, phones and everything between, in the new century which was led by software
first, Sony suddenly found itself a non-player and in the process, lost not only countless amounts of
money, but the backing of consumers as well
6. Show how the three forces shaping the twenty-first century, according to Salkowitz (2010) –
youth, entrepreneurship and ICT – are captured in the cyclical model of innovation.
- Salkowitz opines that 3 forces are reshaping the world of the 21s tcentury: youth, ICT and
1. Explain why it is necessary to view innovation as a management process.
- Innovation is necessary to view as a management process because it's a systematic approach for
generating, prioritizing, evaluating and validating new ideas and put them it into practice.
They're capturing innovative ideas from their employess and building an productive idea to make their
business stay competitive. Innovation is support from a company to sustain their growth and contionous
improvements.
- Innovation is a center of growing firms, It has a many different concept to understand. It is like a
endless cycle of gathering information, view of changes, process, making decision. Innovation is the
basis of making new business.
2. What is wrong with the popular view of innovation in which eccentric scientists develop new
products?
- It is misleading or damaging the image of the innovation process and cause an immense harm
tounderstanding of Science and Technology
3. How does an ‘open innovation’ approach help firms?
- It helps firms through the use of cheap and instant information flows that places even moreemphasis
on the linkages and the supply chain in particular that firms have to ensure that they have thecapability
to fully capture and utilize ideas with further externalization of the innovation process in terms of
knowledge inputs and collaboration to exploit knowledge outputs.
4. What is the difference between an unsuccessful innovation and an invention?
- The differences between unsuccessful innovation and an invention, unsuccessful innovation
attempts at innovation that have been abandoned or have failed, due to lack of resources while
inventionis about moving these ideas into physical reality via technical implementation, which requires
the commitment of organizational resources.
5. To what extent do you agree with the controversial view presented by the chairman of Sony?
- Sony’s dominance in the 80’s and 90’s could only be followed by their massive fall from grace
ascompetitors like Apple and Samsung and then unknown players like GoPro and Sonos dismantled
Sony’sgrip on consumer electronics, product by product. On the past years while Sony was once the
hardwaremaker for TVs, phones and everything between, in the new century which was led by software
first, Sony suddenly found itself a non-player and in the process, lost not only countless amounts of
money, but the backing of consumers as well
6. Show how the three forces shaping the twenty-first century, according to Salkowitz (2010) –
youth, entrepreneurship and ICT – are captured in the cyclical model of innovation.
- Salkowitz opines that 3 forces are reshaping the world of the 21s tcentury: youth, ICT and
