1. What is Sound Business Idea? Sound Business Idea – an economic opportunity which is within reach of the entrepreneur and which will provide him with a desirable value. Source: http://wynnermind.blogspot.com/2012/06/search-for-sound-business-idea.html 2. Creative Process‚ explain each stage Creativity – the reorganization of experiences into new configurations. This has an important role in the formulation of a sound business idea. The Creative Process a.
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Why is diffusion of innovation and technology important? When I think of diffusion of innovation and technology‚ I think of evolution or how a product‚ idea or theory goes from a thought in someone’s mind to an actual working process and then through time develops into better products to meet society’s needs and wants. Many times certain societies have a special trait‚ characteristic or ability that enables them to be great at certain types of technology or maybe they produce certain products that
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Case Studies 3M1: Rethinking Innovation Background Large (70K employees‚ $15bn sales)‚ global operations (200 countries)‚ multi-product (50K range)‚ multi-market business. Innovation ‘Claim to Fame’ This company has been around for just over 100 years and during that period has established a clear reputation as a major innovator. Their technical competence has been built up by a long-term commitment to R&D on which they currently spend around $1bn p.a.; this has yielded them a regular position
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Reverse Innovation Reverse Innovation‚ the term coined by two Dartmouth University Professors Vijay Govindarajan and Chris Trimble refers to any innovation that is first introduced in the Developing countries with an intention to later launch it in the western or developed markets. Reverse Innovation is also popularly known as Trickle-up Innovation. It is so called because generally‚ all innovations have first been made in developed countries and then bought to developing economies. So far companies
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http://www.slideshare.net/341987/creative-writers-and-day-dreaming CREATIVE WRITERS AND DAY-DREAMING (1908) We laymen have always been intensely curious to know like the Cardinal who put a similar question to Ariosto - from what sources that strange being‚ the creative writer‚ draws his material‚ and how he manages to make such an impression on us with it and to arouse in us emotions of which‚ perhaps‚ we had not even thought ourselves capable. Our interest is only heightened the more by the
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MA -Design Management Induction 2014/15‚ 24th September 2014 2 Design at its essence connects creativity and innovation. Excellence in design gives companies the means to gain competitive advantage by creating attractive propositions for more demanding customers. Design Management pathway is aimed at individuals eager to develop a career in Design Management that is relevant to a wide sector of service and manufacturing industries. You will be encouraged to develop
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EXECUTIVE SUMMARY 2 2.ELEMENTS OF INNOVATION 2 2.1 THE TYPES OF INNOVATION 3 2.2 CLASSIFICATION OF INNOVATION 4 2.3 DRIVERS OF INNOVATION 4 2.4 ENABLERS OF INNOVATION 5 2.5 BARRIERS TO INNOVATION 6 3. INNOVATION WITHIN BANKING ORGANISATIONS 7 3.1 TUNNEL VISION AS A BARRIER 9 3.2 CUSTOMERS AS ENABLER WITH LEGISLATION AS A DRIVER 9 4. INNOVATION AS A TOOL 10 4. RECOMMENDATIONS 10 4.1 THE MAVERICKS 11 4.2 READ THE SIGNS 11 4.3 COMMUNICATE 12 4.4 IDEAS INCLUDE 12 5. CONCLUSION 12 REFERENCES
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“There are myths surrounding creativity. The intangible nature of creativity does not lend itself to easy definition”. Introduction The intangible nature of creativity does not have a specific definition for it. However‚ creativity can refer to many things that differ and which also over laps many other elements. (jjenna: 2003). “creativity is defined as the tendency to generate or recognize idea‚ alternatives‚ or possibilities that may be used to solving problems‚ communicating with other
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Diffusion of innovations From Wikipedia‚ the free encyclopedia Jump to: navigation‚ search The diffusion of innovations according to Rogers. With successive groups of consumers adopting the new technology (shown in blue)‚ its market share (yellow) will eventually reach the saturation level. In mathematics the S curve is known as the logistic function. Diffusion of Innovations is a theory that seeks to explain how‚ why‚ and at what rate new ideas and technology spread through cultures. Everett
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2 • • • • Innovation = Creativity and Commercialization CASE STUDY 1: BBC’S WALKING WITH DINOSAURS HOW IT ALL STARTED I wanted people to think that dinosaurs were real animals – not monsters. The only other place you’d see really good digital images of dinosaurs was in Jurassic Park. Our idea was to create a ‘David Attenborough’ of the prehistoric world. Tim Haines‚ Series Producer Tim had been fascinated by dinosaurs almost all his life and recalls‚ ‘There was a footprint in the Tunbridge
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