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  • Victorious WEEKLY  –  EVERY  THURSDAY   Lead User Innovation Collaboration
  • Managing  Editor  Editor  in  Chief   Jay  Gada  Simon  Ramsden  Executive  Editor   Creative  Director  Shannie  Tu   Flavia  Vintila  Copy  Editor   Fact  Checker  Emma  –Zhuo  Yi   Ivy  Huang  
  • 21 Network  is  a  word  concluded   between  the  president  and   wide  range,  thus  it  has  many   visitor.  Furthermore,  if  the  caller   meaning  that  generally  used  in   is  looking  for  the  entrepreneur  at   piping  systems,  transportation   that  time,  the  situation  illustrate   systems  and  communication   surely  he  has  very  good  relation   systems.  In  general,  it  means  the   with  the  president.   system  that  composed  associated   individuals,  such  as  interpersonal   On  the  other  hand,  a  successful   networks,  transportation   entrepreneur  should  focuses  on   networks,  social  networks  and   strengthening  the  network  more   communication  networks.   than  just  consolidate  solid   relationship.  Strong  relationship   Network  definitely  is  quite   that  is  built  on  similar   significant  for  entrepreneurs  and   background  or  value  might  not   associated  with  success  or  not.   enhance  the  knowledge  and   That  is  to  say,  entrepreneurs  will   experiences  for  entrepreneurs,   succeed  easily  when  their   like  their  families  and  friends.  The   network  is  more  extensive,   important  one  is  weak   complicate  and  diverse,  since   relationship  that  means  they   they  have  strong  networking  to   build  relationship  with  wider   help  them  as  meeting  a  dilemma,   people,  such  as  colleagues,   therefore,  the  opportunity  of   partners  or  others.  They  would   solving  problem  would  become   have  different  experiences,   bigger.  On  the  contrast,  the   knowledge  and  resources  to   chance  of  success  is  smaller  for   entrepreneurs.  According  to  this,   entrepreneurs  while  the  network   entrepreneurs  could  find   is  less,  narrow  or  simplex.  There   something  or  someone  the   are  a  story  which  is  related  about   company  needs  from  the  kind  of   the  network  construction  of   people  who  has  more  rich   entrepreneurs  could  explain  this   experiences  and  different   concept.  The  content  shows  the   resources.  To  sum  up,  great   relationship  between  the   network  is  beneficial  to   entrepreneurs  and  the  President   entrepreneurs  and  the   of  the  U.S.  when  they  visit  the   development  of  firms.   Oval  Office  of  the  White  House.  It   can  understand  the  relationship     between  them  is  limited  as  the   phone  rings  and  the  president   answers  the  call  immediately,   whereas  if  the  president  asked   the  secretary  to  tell  the  caller   “wait  a  minute”,  it  explains  there   are  good  relational  network  
  • 321 And we continue … Why  might  networks  be  necessary  for  innovative   individuals?   A  research  from  sociology   getting  information,  resources   clients  request  them  sell  part  of   professor  in  the  University  of   and  social  support,  thus  the   the  stock  with  lower  price.  All  of   North  Carolina  at  Chapel  Hill   activity  of  starting  a  new   these  requirements  m ight  cause   named  Howard  Aldrich   business  exists  in  the  network   profitable  for  the  interpersonal   indicated  that  the  network  and   of  social  relationship.  Building  a   relationship,  but  harmful  to  the   entrepreneurial  exist  the   new  business  generally  presents   profits  of  new  b usiness.  In  short,   significant  link  in  relationship.   the  innovation  of  technology,   network  is  a  key  point  for   Creating  a  new  business  was   products  and  integration,  and   innovation  individuals,  however,   promote  or  restricted  under  the   innovation  individuals  could   they  should  have  a  balance  when   relationship  of  entrepreneurs,   precede  coordination  to   they  make  a  decision  which   resources  and  opportunity,   resources  of  finance,  human  and   involves  the  interests  of  the   moreover,  they  also  rely  on   technology  through  the   company  and  interpersonal.   social  relations  that  concludes   structure  of  relational  network,   that  is  to  say,  entrepreneurs  is  a     person  as  same  as  an  efficient   constructer  on  relational   network.  Network  is  helpful  to   create  a  new  company;   meanwhile,  it  might  bring  some   conflicts  of  interest.  For   example,  shareholders  require   entrepreneurs  purchase   particular  vendors  equipment   that  has  higher  price  or  major  
  • learning  from  each  other.  The   This  is  like  a  sample  of  communities   deal  with.  Therefore,  phenomenon  could  be  happened  in   of  practice,  it  brings  the  innovation,  everywhere,  in  school,  work  place,   but  this  innovation  is  like   lacking  of  professional  leisure  activities  even  family,  which   incremental  innovation,  rather  than   manager  to  conduct  and  every  social  territory.   with  radical  innovation.  Move  over,   monitor  the  process  of     Intel  and  Hewlett-­‐Packard  are   innovation  might  become  Through  Communities  of  practise,  it   known  to  let  their  employees   another  problem  (Swan,can  stimulate  the  change  and   spawn  powerful  albeit  informal   Scarbrough &innovation.    Because  the   personal  networks  of  all  with  whom   Robertson,2002).  background  of  members  in   they’ve  been  working.  They  b elieve  communities  are  diverse,  it  is  could   this  way  can  foster  their  employees  foster  the  different  idea  to  come  up.   to  develop  the  creative  insight  and  In  the  group,  people  will  build  a   benefit  their  company  (community-­‐  knowledge  database  to  achieve  the   intelligence,2003).  purpose.  People  in  this  group  tend    to  be  encouraged  to  be  innovative.   Although  the  communities  of  By  means  of  sharing  knowledge,   practice  could  encourage  the  members  will  exploit  the  potential   incremental  innovation,  it  also  for  creativity  and  innovation  (Amin   could  limit  the  knowledge  flows  &  Roberts,  2008).   across  whole  communities. The     radical  innovations  often  take  place  For  example,  as  innovation  group,   at  the  interstices  across  established  the  entire  EBIN  students  are   groups  and  work  activities  divided  into  different  group  in  the   (Erasmus, 2005).  Besides,  the  innovation  lecture,  which  come   communities  of  practice  might  be  from  different  background  and   inhibiting  this  notion.  The  will  have  everyone  has  passion  on  doing  the   implied  problems  in  communities  work  well.  We  usually  come  up  with   of  practice,  which  can  inhibit  the  how  to  present  our  context  in  novel   development  of  innovation.  way,  every  time  we  are   Because  the  members  who  involved  brainstorming  and  develop  new   in  the  communities  are  Voluntary,  knowledge,  we  will  generate  a  new   the  attribution  of  intelligence  way  to  present  it.     property  right  is  a  problem  need  to    
  • Table1  is  the  most  common  method  that  companies  adopt  to  establish  the  relationship  with  other  organizations.  By  means  of  these  ways,  there  are  number  of  positive  outcomes  when  companies  engaged  in  strategic  alliances.  
  •   John,  35   Q:  Hey  guys!  Just  a  quick  question,  can  you  give  me  a   short  list  of  benefits  and  problems  associated  with   using  Open  Source?  Cheers!   A: