Why should companies innovate? How can we incentivize innovation and creativity in a company? Discuss at least one striking innovative product you believe humanity benefits from today.
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Why should companies innovate? How can we incentivize innovation and creativity in a company? Discuss at least one striking innovative product you believe humanity benefits from today.
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Solved in 2 steps
- How does the circular economy offer potential for business model innovation for companies ?Where do we want to be in technology and innovation ?Critically discuss how innovation can help organisations achieve and sustain their competitive advantage. Use examples from different theorists and examples from the business practice
- Explain the concept of the "innovator's dilemma" in the context of disruptive innovation and its implications for established business models.Analyze the business models of current companies in the "tech domain" to determine how high-tech start-ups might benefit from open innovation collaborations?Critically evaluate in 200 words why the concept of design thinking can be useful for a green entrepreneurial mindset
- a) What are the benefits of organisations embracing innovation? b) What are some specific examples of innovations that the tourism and hospitality industries can adopt during the Covid-19 pandemic, and what are the advantages and disadvantages of these innovations currently?what makes a company innovativeExplain how this innovation solution(injuries and violence) would address the 5 characteristics (Relative Advantage, Trialability, Complexity, Compatibility, and Observability)