Entrepreneurship and Innovation will allow curious young minds to explore their ideas and open opportunities for them. Know more.
To know more details, visit : https://mitidinnovation.com/recreation/introduction-to-innovation-and-entrepreneurship/
Here are the seven different source of Innovation: Unexpected, Incongruity, Necessity, Demographics, Market structure change, Changing the perception, New knowledge.
To know more details, visit us at : https://mitidinnovation.com/recreation/what-are-the-different-sources-of-innovation/
Here are some Social Innovation Ideas that help in a country's economic and social growth.
To know more details, visit : https://mitidinnovation.com/recreation/how-do-social-innovation-ideas-impact-the-world/
The study was carried out to explore the relationship between entrepreneurship and sustainable development in
Nigeria based on the Dangote phenomenon. Entrepreneurship implicates the state of being an entrepreneur. The
entrepreneurship process leads to employment generation and poverty reduction all of which help in sustainable
development, which is the type of development that protects the environment, meets the current needs of society and
also enables future generations to meet their own needs. Entrepreneurship is concerned with change because it is
capable of creating opportunities and threats. The consequences of change may present viable business opportunities
or render current products or services obsolete. Therefore, a meaningful entrepreneurship research must provide
necessary information about successful entrepreneurs as a guide. The qualitative case study approach was employed
for the study, empirical literature provided relevant information for analysis and it was found that entrepreneurship
has significant positive relationship with sustainable development.
Innovation Culture in Business, published in MCCIA's Sampada, Jan.2019 editionMCCIA Pune
Anand Khot in conversation with Satavisha Natu of MCCIA. Read on to get insights on areas like how organisational culture influences innovation, who wins in the debate between strategy and culture, how can employees contribute on-ground, when it comes to culture of innovation.
Anand P Khot, General Manager GR, IBM India Pvt Ltd, Vice President - National HRD Network, Pune Chapter and Member of HR&IR Committee of MCCIA and CII Pune.
Here are the seven different source of Innovation: Unexpected, Incongruity, Necessity, Demographics, Market structure change, Changing the perception, New knowledge.
To know more details, visit us at : https://mitidinnovation.com/recreation/what-are-the-different-sources-of-innovation/
Here are some Social Innovation Ideas that help in a country's economic and social growth.
To know more details, visit : https://mitidinnovation.com/recreation/how-do-social-innovation-ideas-impact-the-world/
The study was carried out to explore the relationship between entrepreneurship and sustainable development in
Nigeria based on the Dangote phenomenon. Entrepreneurship implicates the state of being an entrepreneur. The
entrepreneurship process leads to employment generation and poverty reduction all of which help in sustainable
development, which is the type of development that protects the environment, meets the current needs of society and
also enables future generations to meet their own needs. Entrepreneurship is concerned with change because it is
capable of creating opportunities and threats. The consequences of change may present viable business opportunities
or render current products or services obsolete. Therefore, a meaningful entrepreneurship research must provide
necessary information about successful entrepreneurs as a guide. The qualitative case study approach was employed
for the study, empirical literature provided relevant information for analysis and it was found that entrepreneurship
has significant positive relationship with sustainable development.
Innovation Culture in Business, published in MCCIA's Sampada, Jan.2019 editionMCCIA Pune
Anand Khot in conversation with Satavisha Natu of MCCIA. Read on to get insights on areas like how organisational culture influences innovation, who wins in the debate between strategy and culture, how can employees contribute on-ground, when it comes to culture of innovation.
Anand P Khot, General Manager GR, IBM India Pvt Ltd, Vice President - National HRD Network, Pune Chapter and Member of HR&IR Committee of MCCIA and CII Pune.
The 5 Crucial Role of Entrepreneurship in Economic Development.pdfSmartSkill97
Entrepreneurship plays a pivotal role in shaping the economic landscape of nations. It is the heartbeat of the market, pumping innovation, employment, and growth into society's veins. Through the daring vision of entrepreneurs, new horizons of possibility are explored, creating a ripple effect that benefits not only individual lives but the economy as a whole.
As a student, you'll also understand why entrepreneurship matters for the economy, how it develops, the environment it thrives in, and why it's important.
This transformative power of entrepreneurship ignites a chain of prosperity that uplifts entire communities, making it a cornerstone of economic development. In the following discussion, we will delve into five critical ways entrepreneurship proves to be an indispensable asset to the economy, highlighting its significant contributions and the lasting impact it leaves on the world's financial health.
Tecent presentation about the roles and theories of entrepreneurship in the field of businesses so that it can help you with how you deal in your business life
The Impact of Leadership on Creativity and Innovationinventionjournals
This article aims to identify the role of leadership in influencing creativity management and innovation management in the organization. From this point, this study tries to drive the thinking of economic companies that taking benefits from creativity and innovation requires their good management inside the company. For that the companies needs to focus on good leadership. Therefore, we are trying through this intervention to clarify the impacts of leadership on creativity and the innovation in the organization. In addition, among the most important results reached in this intervention, is that the meaning of creativity is the tendency to generate or recognize ideas, alternatives, or possibilities, and innovation is turning these new and imaginative ideas into reality to help organizations in achieving its goals. To develop creativity, the organization must have a flexible structure that ensures a good culture that the leader could provide the right climate to his employees, inspire them, and motivate them, so they could have the ability to generate artful ideas. Moreover, to apply innovation, the organization must have the culture that accept change and put leaders that could make employees feel the necessity to innovate and to do more initiatives in order to achieve organization’s goals
18 minutes to innovation a Canadian guide to powering up your business with I...John Leonardelli
The purpose of this guide is to provide a framework that anyone can use to create an act of innovation. Anyone in business, education, health care, or governments, can take the first step to becoming innovative. It is the innovation that drives our economy and can affect positive change in our society.
Make the decision to sit down and 18 minutes from now start on the process of creating an act of innovation.
The Role of IT in Supporting Vietnam Youth Entrepreneurshipijtsrd
This paper aimed to analyse the role of IT in supporting entrepreneurs in Vietnam. Our findings show that youth entrepreneurship in Vietnam face a number of hurdles in accessing IT services. Although a number of them have shown an interest in integrating IT into their business operations, however, most of them do not have enough resources to fully exploit IT opportunities. Other problems mentioned to confront youth entrepreneurship in their endeavour to access and use IT in their businesses is the lack of knowledge and skills on how to use computer, language and lack of time. Dr. Le Nguyen Doan Khoi "The Role of IT in Supporting Vietnam Youth Entrepreneurship" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-4 | Issue-4 , June 2020, URL: https://www.ijtsrd.com/papers/ijtsrd31503.pdf Paper Url :https://www.ijtsrd.com/economics/commerce/31503/the-role-of-it-in-supporting-vietnam-youth-entrepreneurship/dr-le-nguyen-doan-khoi
Here you get a look at my current thoughts on innovation through a presentation that I will give tomorrow at the Turkey Innovation Week, where I am one of the keynote speakers.
It is a long talk – 1 hour – so I have compiled lots of content in this presentation. Yes, it might even have too many messages, but I hope the participants at the conference as well as those of you, who are just checking out the presentation, can find some inspiration in it without feeling overloaded with information.
Some of the topics I get into are:
• The current state of innovation and the global megatrends that impacts it
• A definition on open innovation and the benefits that come along with it
• Innovation as a career choice – what you need to succeed for this
• My perception of innovation in Turkey (not elaborated, just one case)
• How intrapreneurship can bring together idea and people management
I hope you find it worthwhile your time.
The concept of innovation and entrepreneurship explains you that how to come up with the implementation of new ideas and ideology.
THANKS FOR YOUR TIME
A minimum of 100 words each question and References (IF NEEDED)(Re.docxsleeperharwell
A minimum of 100 words each question and References (IF NEEDED)(Response #1 – 6) KEEP RESPONSE WITH ANSWER
Make sure the Responses includes the Following: (a) an understanding of the weekly content as supported by a scholarly resource, (b) the provision of a probing question. (c) stay on topic
1) Innovation plays a large part when it pertains to nations, leaders and individual employees, and companies. Many factors come into play such as research and development spending, manufacturing capability, and concentration of high-tech public companies (Jamrisko, 2019).
South Korea is currently ranked as the world’s most innovative country (Jamrisko, 2019). It is imperative for a country to be innovative to support their population. Being innovative as a country allows for better control and planning for its future (Nicholas, 2015). This is important when looking at future budget planning and educational improvements throughout their population (Jamrisko, 2019).
Being innovative can be considered a requirement to be successful when it pertains to being competitive amongst other companies and organizations. As our textbook states, General Motors has spent more on R&D than any other company in the world (Gibson & Skarzynski, 2008). Utilizing innovation as a tool in their company allowed them to be ranked as the world’s third largest automaker (Schmitt, 2017). Repetitiveness in the workplace has the potential of demotivating employees, therefore negatively effecting production. Having leaders that can stimulate their employees by providing innovative ideas can help in maintaining the employment of employees, and improving their productivity. Employees that apply innovation in the workplace allows them to stand out amongst their peers. Showing innovation and a will to improve their organization sets not only themselves, but also the organization up for success.
2) Innovation is the leading way to stay ahead in the modern world that is constantly in a fast pace forward movement. The following definition has been used by businessdictionary.com
The process of translating an idea or invention into a good or service that creates value or for which customers will pay.To be called an innovation, an idea must be replicable at an economical cost and must satisfy a specific need. Innovation involves deliberate application of information, imagination and initiative in deriving greater or different values from resources, and includes all processes by which new ideas are generated and converted into useful products. In business, innovation often results when ideas are applied by the company in order to further satisfy the needs and expectations of the customers. For an employee the use of innovation can bring a task into simpler form of completing the task, this can also be an open door for someone who has a skill set to see things in a new light and who has an innovated mind that could possibly change things i.
Exploring the MBA in Innovation A Path to SuccessPankaj Deshpande
MBA in Innovation is a program designed to help individuals perform an essential job function and bring fresh and revolutionary ideas to the table.
For more details, visit: https://mitidinnovation.com/recreation/mba-in-innovation-is-it-a-wise-choice/
How a Design Thinking Course Can Benefit Working ProfessionalsPankaj Deshpande
Learn how a design thinking course can empower working professionals with problem-solving skills, innovation, and creativity. Start your journey today!
For more details, visit: https://mitidinnovation.com/recreation/exploring-the-benefits-of-taking-a-design-thinking-course-for-working-professionals/
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Entrepreneurship plays a pivotal role in shaping the economic landscape of nations. It is the heartbeat of the market, pumping innovation, employment, and growth into society's veins. Through the daring vision of entrepreneurs, new horizons of possibility are explored, creating a ripple effect that benefits not only individual lives but the economy as a whole.
As a student, you'll also understand why entrepreneurship matters for the economy, how it develops, the environment it thrives in, and why it's important.
This transformative power of entrepreneurship ignites a chain of prosperity that uplifts entire communities, making it a cornerstone of economic development. In the following discussion, we will delve into five critical ways entrepreneurship proves to be an indispensable asset to the economy, highlighting its significant contributions and the lasting impact it leaves on the world's financial health.
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This article aims to identify the role of leadership in influencing creativity management and innovation management in the organization. From this point, this study tries to drive the thinking of economic companies that taking benefits from creativity and innovation requires their good management inside the company. For that the companies needs to focus on good leadership. Therefore, we are trying through this intervention to clarify the impacts of leadership on creativity and the innovation in the organization. In addition, among the most important results reached in this intervention, is that the meaning of creativity is the tendency to generate or recognize ideas, alternatives, or possibilities, and innovation is turning these new and imaginative ideas into reality to help organizations in achieving its goals. To develop creativity, the organization must have a flexible structure that ensures a good culture that the leader could provide the right climate to his employees, inspire them, and motivate them, so they could have the ability to generate artful ideas. Moreover, to apply innovation, the organization must have the culture that accept change and put leaders that could make employees feel the necessity to innovate and to do more initiatives in order to achieve organization’s goals
18 minutes to innovation a Canadian guide to powering up your business with I...John Leonardelli
The purpose of this guide is to provide a framework that anyone can use to create an act of innovation. Anyone in business, education, health care, or governments, can take the first step to becoming innovative. It is the innovation that drives our economy and can affect positive change in our society.
Make the decision to sit down and 18 minutes from now start on the process of creating an act of innovation.
The Role of IT in Supporting Vietnam Youth Entrepreneurshipijtsrd
This paper aimed to analyse the role of IT in supporting entrepreneurs in Vietnam. Our findings show that youth entrepreneurship in Vietnam face a number of hurdles in accessing IT services. Although a number of them have shown an interest in integrating IT into their business operations, however, most of them do not have enough resources to fully exploit IT opportunities. Other problems mentioned to confront youth entrepreneurship in their endeavour to access and use IT in their businesses is the lack of knowledge and skills on how to use computer, language and lack of time. Dr. Le Nguyen Doan Khoi "The Role of IT in Supporting Vietnam Youth Entrepreneurship" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-4 | Issue-4 , June 2020, URL: https://www.ijtsrd.com/papers/ijtsrd31503.pdf Paper Url :https://www.ijtsrd.com/economics/commerce/31503/the-role-of-it-in-supporting-vietnam-youth-entrepreneurship/dr-le-nguyen-doan-khoi
Here you get a look at my current thoughts on innovation through a presentation that I will give tomorrow at the Turkey Innovation Week, where I am one of the keynote speakers.
It is a long talk – 1 hour – so I have compiled lots of content in this presentation. Yes, it might even have too many messages, but I hope the participants at the conference as well as those of you, who are just checking out the presentation, can find some inspiration in it without feeling overloaded with information.
Some of the topics I get into are:
• The current state of innovation and the global megatrends that impacts it
• A definition on open innovation and the benefits that come along with it
• Innovation as a career choice – what you need to succeed for this
• My perception of innovation in Turkey (not elaborated, just one case)
• How intrapreneurship can bring together idea and people management
I hope you find it worthwhile your time.
The concept of innovation and entrepreneurship explains you that how to come up with the implementation of new ideas and ideology.
THANKS FOR YOUR TIME
A minimum of 100 words each question and References (IF NEEDED)(Re.docxsleeperharwell
A minimum of 100 words each question and References (IF NEEDED)(Response #1 – 6) KEEP RESPONSE WITH ANSWER
Make sure the Responses includes the Following: (a) an understanding of the weekly content as supported by a scholarly resource, (b) the provision of a probing question. (c) stay on topic
1) Innovation plays a large part when it pertains to nations, leaders and individual employees, and companies. Many factors come into play such as research and development spending, manufacturing capability, and concentration of high-tech public companies (Jamrisko, 2019).
South Korea is currently ranked as the world’s most innovative country (Jamrisko, 2019). It is imperative for a country to be innovative to support their population. Being innovative as a country allows for better control and planning for its future (Nicholas, 2015). This is important when looking at future budget planning and educational improvements throughout their population (Jamrisko, 2019).
Being innovative can be considered a requirement to be successful when it pertains to being competitive amongst other companies and organizations. As our textbook states, General Motors has spent more on R&D than any other company in the world (Gibson & Skarzynski, 2008). Utilizing innovation as a tool in their company allowed them to be ranked as the world’s third largest automaker (Schmitt, 2017). Repetitiveness in the workplace has the potential of demotivating employees, therefore negatively effecting production. Having leaders that can stimulate their employees by providing innovative ideas can help in maintaining the employment of employees, and improving their productivity. Employees that apply innovation in the workplace allows them to stand out amongst their peers. Showing innovation and a will to improve their organization sets not only themselves, but also the organization up for success.
2) Innovation is the leading way to stay ahead in the modern world that is constantly in a fast pace forward movement. The following definition has been used by businessdictionary.com
The process of translating an idea or invention into a good or service that creates value or for which customers will pay.To be called an innovation, an idea must be replicable at an economical cost and must satisfy a specific need. Innovation involves deliberate application of information, imagination and initiative in deriving greater or different values from resources, and includes all processes by which new ideas are generated and converted into useful products. In business, innovation often results when ideas are applied by the company in order to further satisfy the needs and expectations of the customers. For an employee the use of innovation can bring a task into simpler form of completing the task, this can also be an open door for someone who has a skill set to see things in a new light and who has an innovated mind that could possibly change things i.
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2. In this day and age, most people are content
with the mundane, the ordinary, but there
are few whose ions have no limits.
Our innovation courses are meant for
brilliant students who want to create change
through their thinking, the ones influenced
by the future technologies and trends, and
those who strive to establish themselves
and leave a mark in the political, social, and
technological disciplines. These visionaries
have bold ideas and wish to shake up the
status quo.
3. The innovators of tomorrow are building a
future today, and we must provide them
with the resources and the guidance to
carve the path that is meant for them. This
general introduction to innovation and
entrepreneurship will allow curious young
minds to explore their ideas and open
opportunities for them.
4. Innovation and Entrepreneurship are two
common concepts found in political
discussions as they are aspects of
economic growth and sustainable
development. There is often uncertainty
regarding these terms and what the
connection between them exactly is.
What Exactly are Innovation
and Entrepreneurship
5. An entrepreneur is an innovator in
Schumpeter, and this definition establishes
the most distinction between
entrepreneurship, innovation, and economic
growth. ‘Innovation’ has been defined as
implementing and executing a new or
significantly improved product. Innovation
can be about a process, a new marketing
method, or a new organizational method in
workplace organization or external relations
and how these innovations are enacted and
administered.
6. To understand the role of innovation in
entrepreneurship, take a look at our
article.
Entrepreneurship and innovation are
essentially two sides of the same coin
and can be defined through their
relation. Innovative phenomena require
some form of entrepreneurial behaviour
and practices. The implementation of
innovative ideas is significant to a
successful entrepreneur.
7. Besides this introduction to innovation and
entrepreneurship, you can learn more
about these phenomena by checking out
Peter F. Drucker’s classic book Innovation
and Entrepreneurship.It has been
described as the first book that
acknowledges innovation and
entrepreneurship as a purposeful and
systematic discipline. It also analyzes the
challenges and opportunities of an
entrepreneurial economy.
8. Studies after studies have shown that
enthusiastic and ambitious entrepreneurial
practices manifest into rapid growth for
gazelle companies. The gazelles
accounted for over 10 percent of the growth
in GDP in the last period, 2004-2007.
Innovation and
Entrepreneurship
for Profitable Development
9. These 10 percent of companies together
account for the entire increase in
employment and between 65 and 100 per
cent of the growth in added value regarding
the period. The smallest gazelle companies
are responsible for the majority of the
employment growth, and the same is true of
the youngest companies. An established
pattern and significant studies demonstrate
that innovative practices are effective in the
success trend of gazelle companies.
10. The economic effect of innovations is visible
when viewed with secondary innovations. In
general, radical innovations are very
important to expand and establish new
markets. An article by NITI Aayog talks about
how India must promote entrepreneurship
and startups to generate growth, prosperity,
and well-being. It talks about creating a
holistic innovation and entrepreneurial
ecosystem in our educational institutes. We
at MIT ID Innovation share a similar belief.
11. MIT Institute of Design was set up to
establish deeper connections and ensure
quality in all academic processes and
outcomes. The institute's vision is to create a
holistic ecosystem that prepares today’s
MIT ID Innovation aims to
Introduce Innovation and
Entrepreneurship to Young
India
12. young minds to be design leaders who
contribute to industry and society. MIT ID
focuses on leading the way in creative
and experimental practices by young
innovators. MIT ID Innovation has new
pedagogical approaches and meaningful
collaborations with diverse academic,
industry, research, and professional
organizations.
13. With a diverse student group and
excellent staff, our learners are
presented with the best space for
intellectual growth.
Enroll in our Innovation focussed courses
and upskill for tomorrow. Build your
innovation capability today.
14. MIT ID Innovation Programme curates
knowledge and experiences that
challenge the very paradigm of evolution.
And that's why we have set out to define
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Conclusion
15. We’d love to
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from you.
MIT INSTITUTE OF DESIGN
Rajbaug,, Loni-Kalbhor, Pune-412201
innovation@mitid.edu.in
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