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: