In chapter two we are discussing the relation between entrepreneurship and innovation.
This course provide the students with a conceptual knowledge regarding the essentials for management practices of a technology-based organization, and the evolution of technology. The topics covered in this course would include: • Introduction to the concept of entrepreneurship. • What entrepreneurs do and their importance to economy • How to seize business opportunity; • Know the process of creativity and difference between invention and innovation • Know how innovation is important as a dimension of entrepreneurship • Critical factors in managing technology; including • The Time Factor (Osborn effect) • Technology Push and Market Pull • The S-Curve of Technology • Technology and Product Life Cycle • The Chain Equation of Technology Innovation • Price Knowledge Gape Relation • Difference between Entrepreneurship and Stewardship Management • Difference between technology leader and followers • Competition and Competitiveness Concepts. • The process of the technological innovation; • Who are the customers; and • How to optimize cost and find finance for your projects • Demonstrate the importance of business plan, including the marketing and financial plans and how to prepare it. • Know the structure and management of a technology organization
Types of Inventions; Difference between invention and innovation; Types of innovation; Innovation process vs Process innovation; Linear innovation models.. Technology push model, Market pull model; Flexible innovation process models
Presentation covers Nature of Innovation , Technological and Network Innovations , Design of Successful Innovative Organisation, Training and Management of Innovation ,Agents of Innovation
iicie.com is a global centre of innovations and entrepreneurs offering training,
certifications and membership in the fields of Technology, Biotech, Green Energy,
Gaming and New Media.
Technology and innovation for competitivenessMotaz Agamawi
Technology and Its Proper Management is What Creates Wealth for Nations, Enterprises and Individuals.
Competitiveness is no longer a matter of choice but a matter of survival in a global marketplace
Types of Inventions; Difference between invention and innovation; Types of innovation; Innovation process vs Process innovation; Linear innovation models.. Technology push model, Market pull model; Flexible innovation process models
Presentation covers Nature of Innovation , Technological and Network Innovations , Design of Successful Innovative Organisation, Training and Management of Innovation ,Agents of Innovation
iicie.com is a global centre of innovations and entrepreneurs offering training,
certifications and membership in the fields of Technology, Biotech, Green Energy,
Gaming and New Media.
Technology and innovation for competitivenessMotaz Agamawi
Technology and Its Proper Management is What Creates Wealth for Nations, Enterprises and Individuals.
Competitiveness is no longer a matter of choice but a matter of survival in a global marketplace
Entrepreneurship, introduction to entrepreneurship, definition of entrepreneu...Jorge Saguinsin
Introduction to basics of Entrepreneurship covers topics such as social entrepreneurship, business entrepreneurship and various masteries needed. The subject matter covers examples from the Philippines. This a compilation of various learnings from various references. These slides are lectures at Agsb entrepreneurship elective and have been uploaded for the access and convenience of present and past students of the said elective
Ready, Set, Present (Creativity PowerPoint Presentation Content): 100+ PowerPoint presentation content slides. Creativity adds to everyone’s personal and professional bottom line and is where innovation and excellence begins. Creativity PowerPoint Presentation Content slides include topics such as: understanding creativity as a human skill using mini systems and processes, the benefits of creativity, left and right brain thinking, blocks to creativity, organizational success through creativity, over techniques, methods, examples and exercises. There are 9 slides covering the definition of creativity, 10 slides on how creative mind works followed by 14 slides describing the process of creativity, creative people and their qualities. Within the first 43 slides you will discover connection between creativity and organizational success and ways to increase your personal creativity. In addition you will receive 19 slides of unique information about fostering organizational creativity, 23 slides covering management and group creativity as well as 11 slides about creativity and the future plus much more.
On 19 June 2012 at the Cannes Lions International Festival of Creativity, Landor CEO Mary Zalla gave two workshops to packed crowds on how to creatively sell creative work.
We all work hard to produce creative and, ideally, effective solutions. But we often don’t pay as much attention to how we share those solutions.
Getting the best and the most creative work produced is not just about selling. It is about inspiring your audience to see potential.
The first thing we need to do is to truly understand our audiences, empathize with them and their situation. We then need to have a few things at our disposal:
• Appreciation for the power of story versus plain facts
• Understanding of the confirmation bias
• Courage versus daring
• Awareness of the Asch Effect
• Fortitude and determination
Check out the deck from Mary’s Cannes presentation and read her article on a similar topic, “ Eight principles of creativity.”
Simply Connecting Dots - Inspiring lessons from the expert on how to train yo...Saiful Islam
Creativity is a skill and it can be trained and developed with certain method and exercise.
Creativity is not special gift and it is already inside us.
"I have no special gift. I am only passionately curious."
– Einstein, quoted in Thorpe, Scott, How to Think Like Einstein, Barnes & Noble Books, Inc., 2000, p. 115.
Curio-creative workout is one method that will train your imagination to be more passionately curious and thirsty about knowledge.
Hope you like it
creativity, definition, nature and characteristics of creativity,
five factors of creativity, difference between creativity and intelligence, traits of creative people, methods of developing creativity among children
Business Model Design, For a Competitive StartupMotaz Agamawi
We will go together through a journey on how we can build a competitive startup.
We are going to explore together the different stages we need to cover to reach a competitive startup.
Due to the available time of the workshop, we will not be able to go deeper, we will just try to identify what we need to do.
Our real Objective is how to reach Competitiveness. Through the Commercializing of technologies (ideas) which creates wealth for Individuals and Nations.
Technology and Innovation for Competitiveness WorkshopMotaz Agamawi
In this workshop, we are discussing the importance of technology and innovation for reaching competitiveness. Then competitiveness as the cornerstone for wealth creation both individuals and nations. Different concepts and techniques will be discussed and also framework will be stated.
Nissan.com domain name case is very interesting and it includes many point of views and
different argument. In this paper, we are going to state the facts from each party point of view
including Nissan computer and Nissan Motors, in addition to general public point of view,
lawyer’s point of view an Internet Analysis for Nissan.com will be included and finally our
conclusion.
Since apple establishment in 1975
apple is changing the world as we
normally know. In this paper we are analysis Apple continues innovation practices including organization culture.
Essential of Technology Entrep. & Innovation-Chapter ten financing strategy ...Motaz Agamawi
In chapter ten, we are introducing the concepts of the financial strategy including the dept and equity alternatives.
This course provide the students with a conceptual knowledge regarding the essentials for management practices of a technology-based organization, and the evolution of technology. The topics covered in this course would include: • Introduction to the concept of entrepreneurship. • What entrepreneurs do and their importance to economy • How to seize business opportunity; • Know the process of creativity and difference between invention and innovation • Know how innovation is important as a dimension of entrepreneurship • Critical factors in managing technology; including • The Time Factor (Osborn effect) • Technology Push and Market Pull • The S-Curve of Technology • Technology and Product Life Cycle • The Chain Equation of Technology Innovation • Price Knowledge Gape Relation • Difference between Entrepreneurship and Stewardship Management • Difference between technology leader and followers • Competition and Competitiveness Concepts. • The process of the technological innovation; • Who are the customers; and • How to optimize cost and find finance for your projects • Demonstrate the importance of business plan, including the marketing and financial plans and how to prepare it. • Know the structure and management of a technology organization
Essential of Technology Entrep. & Innovation- Chapter nine smart selling and ...Motaz Agamawi
In chapter nine, we are introducing the concepts of selling and customer relation.
This course provide the students with a conceptual knowledge regarding the essentials for management practices of a technology-based organization, and the evolution of technology. The topics covered in this course would include: • Introduction to the concept of entrepreneurship. • What entrepreneurs do and their importance to economy • How to seize business opportunity; • Know the process of creativity and difference between invention and innovation • Know how innovation is important as a dimension of entrepreneurship • Critical factors in managing technology; including • The Time Factor (Osborn effect) • Technology Push and Market Pull • The S-Curve of Technology • Technology and Product Life Cycle • The Chain Equation of Technology Innovation • Price Knowledge Gape Relation • Difference between Entrepreneurship and Stewardship Management • Difference between technology leader and followers • Competition and Competitiveness Concepts. • The process of the technological innovation; • Who are the customers; and • How to optimize cost and find finance for your projects • Demonstrate the importance of business plan, including the marketing and financial plans and how to prepare it. • Know the structure and management of a technology organization
Essential of Technology Entrep. & Innovation-Chapter seven what is marketingMotaz Agamawi
In chapter seven, we are discussing the essential concepts of marketing.
This course provide the students with a conceptual knowledge regarding the essentials for management practices of a technology-based organization, and the evolution of technology. The topics covered in this course would include: • Introduction to the concept of entrepreneurship. • What entrepreneurs do and their importance to economy • How to seize business opportunity; • Know the process of creativity and difference between invention and innovation • Know how innovation is important as a dimension of entrepreneurship • Critical factors in managing technology; including • The Time Factor (Osborn effect) • Technology Push and Market Pull • The S-Curve of Technology • Technology and Product Life Cycle • The Chain Equation of Technology Innovation • Price Knowledge Gape Relation • Difference between Entrepreneurship and Stewardship Management • Difference between technology leader and followers • Competition and Competitiveness Concepts. • The process of the technological innovation; • Who are the customers; and • How to optimize cost and find finance for your projects • Demonstrate the importance of business plan, including the marketing and financial plans and how to prepare it. • Know the structure and management of a technology organization
Essential of Technology Entrep. & Innovation- Chapter six creating business ...Motaz Agamawi
In chapter six, we are introducing the concepts of how to create business from opportunities.
This course provide the students with a conceptual knowledge regarding the essentials for management practices of a technology-based organization, and the evolution of technology. The topics covered in this course would include: • Introduction to the concept of entrepreneurship. • What entrepreneurs do and their importance to economy • How to seize business opportunity; • Know the process of creativity and difference between invention and innovation • Know how innovation is important as a dimension of entrepreneurship • Critical factors in managing technology; including • The Time Factor (Osborn effect) • Technology Push and Market Pull • The S-Curve of Technology • Technology and Product Life Cycle • The Chain Equation of Technology Innovation • Price Knowledge Gape Relation • Difference between Entrepreneurship and Stewardship Management • Difference between technology leader and followers • Competition and Competitiveness Concepts. • The process of the technological innovation; • Who are the customers; and • How to optimize cost and find finance for your projects • Demonstrate the importance of business plan, including the marketing and financial plans and how to prepare it. • Know the structure and management of a technology organization
Essential of Technology Entrep. & Innovation- Chapter five process of techno...Motaz Agamawi
In chapter five we are discussing the process of technology innovation.
This course provide the students with a conceptual knowledge regarding the essentials for management practices of a technology-based organization, and the evolution of technology. The topics covered in this course would include: • Introduction to the concept of entrepreneurship. • What entrepreneurs do and their importance to economy • How to seize business opportunity; • Know the process of creativity and difference between invention and innovation • Know how innovation is important as a dimension of entrepreneurship • Critical factors in managing technology; including • The Time Factor (Osborn effect) • Technology Push and Market Pull • The S-Curve of Technology • Technology and Product Life Cycle • The Chain Equation of Technology Innovation • Price Knowledge Gape Relation • Difference between Entrepreneurship and Stewardship Management • Difference between technology leader and followers • Competition and Competitiveness Concepts. • The process of the technological innovation; • Who are the customers; and • How to optimize cost and find finance for your projects • Demonstrate the importance of business plan, including the marketing and financial plans and how to prepare it. • Know the structure and management of a technology organization
Essential of Technology Entrep. & Innovation- Chapter three critical factors...Motaz Agamawi
In chapter three, we are discussing the critical factors of management of technology.
This course provide the students with a conceptual knowledge regarding the essentials for management practices of a technology-based organization, and the evolution of technology. The topics covered in this course would include: • Introduction to the concept of entrepreneurship. • What entrepreneurs do and their importance to economy • How to seize business opportunity; • Know the process of creativity and difference between invention and innovation • Know how innovation is important as a dimension of entrepreneurship • Critical factors in managing technology; including • The Time Factor (Osborn effect) • Technology Push and Market Pull • The S-Curve of Technology • Technology and Product Life Cycle • The Chain Equation of Technology Innovation • Price Knowledge Gape Relation • Difference between Entrepreneurship and Stewardship Management • Difference between technology leader and followers • Competition and Competitiveness Concepts. • The process of the technological innovation; • Who are the customers; and • How to optimize cost and find finance for your projects • Demonstrate the importance of business plan, including the marketing and financial plans and how to prepare it. • Know the structure and management of a technology organization
Essential of Technology Entrep. & Innovation- Chapter four technology life c...Motaz Agamawi
In chapter four of the course we are discussing the technology life cycle.
This course provide the students with a conceptual knowledge regarding the essentials for management practices of a technology-based organization, and the evolution of technology. The topics covered in this course would include: • Introduction to the concept of entrepreneurship. • What entrepreneurs do and their importance to economy • How to seize business opportunity; • Know the process of creativity and difference between invention and innovation • Know how innovation is important as a dimension of entrepreneurship • Critical factors in managing technology; including • The Time Factor (Osborn effect) • Technology Push and Market Pull • The S-Curve of Technology • Technology and Product Life Cycle • The Chain Equation of Technology Innovation • Price Knowledge Gape Relation • Difference between Entrepreneurship and Stewardship Management • Difference between technology leader and followers • Competition and Competitiveness Concepts. • The process of the technological innovation; • Who are the customers; and • How to optimize cost and find finance for your projects • Demonstrate the importance of business plan, including the marketing and financial plans and how to prepare it. • Know the structure and management of a technology organization
Essential of Technology Entrep & Innovation- Chapter one introduction to entr...Motaz Agamawi
In chapter one we cover the basic definitions about entrepreneurship.
This course provide the students with a conceptual knowledge regarding the essentials for management practices of a technology-based organization, and the evolution of technology. The topics covered in this course would include: • Introduction to the concept of entrepreneurship. • What entrepreneurs do and their importance to economy • How to seize business opportunity; • Know the process of creativity and difference between invention and innovation • Know how innovation is important as a dimension of entrepreneurship • Critical factors in managing technology; including • The Time Factor (Osborn effect) • Technology Push and Market Pull • The S-Curve of Technology • Technology and Product Life Cycle • The Chain Equation of Technology Innovation • Price Knowledge Gape Relation • Difference between Entrepreneurship and Stewardship Management • Difference between technology leader and followers • Competition and Competitiveness Concepts. • The process of the technological innovation; • Who are the customers; and • How to optimize cost and find finance for your projects • Demonstrate the importance of business plan, including the marketing and financial plans and how to prepare it. • Know the structure and management of a technology organization
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
Skye Residences | Extended Stay Residences Near Toronto Airportmarketingjdass
Experience unparalleled EXTENDED STAY and comfort at Skye Residences located just minutes from Toronto Airport. Discover sophisticated accommodations tailored for discerning travelers.
Website Link :
https://skyeresidences.com/
https://skyeresidences.com/about-us/
https://skyeresidences.com/gallery/
https://skyeresidences.com/rooms/
https://skyeresidences.com/near-by-attractions/
https://skyeresidences.com/commute/
https://skyeresidences.com/contact/
https://skyeresidences.com/queen-suite-with-sofa-bed/
https://skyeresidences.com/queen-suite-with-sofa-bed-and-balcony/
https://skyeresidences.com/queen-suite-with-sofa-bed-accessible/
https://skyeresidences.com/2-bedroom-deluxe-queen-suite-with-sofa-bed/
https://skyeresidences.com/2-bedroom-deluxe-king-queen-suite-with-sofa-bed/
https://skyeresidences.com/2-bedroom-deluxe-queen-suite-with-sofa-bed-accessible/
#Skye Residences Etobicoke, #Skye Residences Near Toronto Airport, #Skye Residences Toronto, #Skye Hotel Toronto, #Skye Hotel Near Toronto Airport, #Hotel Near Toronto Airport, #Near Toronto Airport Accommodation, #Suites Near Toronto Airport, #Etobicoke Suites Near Airport, #Hotel Near Toronto Pearson International Airport, #Toronto Airport Suite Rentals, #Pearson Airport Hotel Suites
As a business owner in Delaware, staying on top of your tax obligations is paramount, especially with the annual deadline for Delaware Franchise Tax looming on March 1. One such obligation is the annual Delaware Franchise Tax, which serves as a crucial requirement for maintaining your company’s legal standing within the state. While the prospect of handling tax matters may seem daunting, rest assured that the process can be straightforward with the right guidance. In this comprehensive guide, we’ll walk you through the steps of filing your Delaware Franchise Tax and provide insights to help you navigate the process effectively.
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
➢ SUPER JUNIOR-L.S.S. THE SHOW : Th3ee Guys in HO CHI MINH
➢FreenBecky 1st Fan Meeting in Vietnam
➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
➢ WOW K-Music Festival 2023
➢ Winner [CROSS] Tour in HCM
➢ Super Show 9 in HCM with Super Junior
➢ HCMC - Gyeongsangbuk-do Culture and Tourism Festival
➢ Korean Vietnam Partnership - Fair with LG
➢ Korean President visits Samsung Electronics R&D Center
➢ Vietnam Food Expo with Lotte Wellfood
"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
Explore our most comprehensive guide on lookback analysis at SafePaaS, covering access governance and how it can transform modern ERP audits. Browse now!
Taurus Zodiac Sign_ Personality Traits and Sign Dates.pptxmy Pandit
Explore the world of the Taurus zodiac sign. Learn about their stability, determination, and appreciation for beauty. Discover how Taureans' grounded nature and hardworking mindset define their unique personality.
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
Accpac to QuickBooks Conversion Navigating the Transition with Online Account...PaulBryant58
This article provides a comprehensive guide on how to
effectively manage the convert Accpac to QuickBooks , with a particular focus on utilizing online accounting services to streamline the process.
Remote sensing and monitoring are changing the mining industry for the better. These are providing innovative solutions to long-standing challenges. Those related to exploration, extraction, and overall environmental management by mining technology companies Odisha. These technologies make use of satellite imaging, aerial photography and sensors to collect data that might be inaccessible or from hazardous locations. With the use of this technology, mining operations are becoming increasingly efficient. Let us gain more insight into the key aspects associated with remote sensing and monitoring when it comes to mining.
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...
Essential of Technology Entrep. & Innovation- Chapter two entrepreneurship and innovation
1. CS443 Course
Introduction To Entrepreneurship
p p
Spring 2009, Modern Science & Arts University
Chapter Two: Entrepreneurship and Innovation
Instructor:
Al-Motaz Bellah Alaa Al-Agamawi
Chapter Source, “chapter one: Entrepreneurship and Innovation” from “The Strategy of
Management Innovation and Technology” book, by Murray R. Millson and David Wilemon,
2008, Pearson Education Inc.
Entrepreneurship and Innovation Chapter 2 By: Motaz Al-Agamawi
2. Definition of Creativity and Innovation
2
Creativity: The ability to bring something new.
Creativity is the ability not the activity of bringing something new.
Innovation: Is the process of doing new things.
The distinction is important.
Id
Ideas have littl value until th are converted i t new products, services, or
h little l til they t d into d t i
processes.
Innovation, therefore, is the transformation of creative ideas into useful
applications, but creativity is a prerequisite to innovation
Entrepreneurship and Innovation Chapter 2 By: Motaz Al-Agamawi
3. The Creative Process
3
Idea Preparation Incubation, Illumination, Verification,
f
Germination, , Conscious Subconscious Recognition Application
The seeding search for assimilation of idea as or test to
Stage of a Knowledge, of being prove ideas
new idea, Rationaliza Information, feasible, has value,
Recognition tion Fantasizing Realization Validation
Isaac Newton, may have been hit on the head by a failing apple, but he discovered
gravity through a lifetime of scientific investigation.
Id ll l h h i h b i i i l i
Ideas usually evolve through a creative process whereby imaginative people germinate
ideas, nurture them, and develop them successfully.
In each stage, a creative individual behaves differently to move an idea from the seed
stage of germination to verification.
f i i ifi i
Entrepreneurship and Innovation Chapter 2 By: Motaz Al-Agamawi
4. The Creative Process (Germination)
4
Idea Preparation Incubation, Illumination, Verification,
Germination, , Conscious Subconscious Recognition Application
The seeding search for assimilation of idea as or test to
Stage of a Knowledge, of being prove ideas
new idea, Rationaliza Information, feasible, has value,
Recognition tion Fantasizing Realization Validation
Germination stage is a seeding process.
Exactly how an idea is germinated is a mystery; it is not something that can be examined
under a microscope.
However most creative ideas can be traced to an individual’s interest in or curiosity about
a specific problem or area of study.
For most entrepreneurs, ideas begin with an interest in a subject or curiosity about finding
a solution for a particular problem.
Entrepreneurship and Innovation Chapter 2 By: Motaz Al-Agamawi
5. The Creative Process (Preparation)
5
Preparation, Incubation, Illumination, Verification,
Conscious Subconscious Recognition of Application or
search for assimilation of idea as being test to prove
Knowledge,
Knowledge Information, feasible, ideas has value,
Rationalizat Fantasizing Realization Validation
ion
Once a seed of curiosity has taken form as a focused idea creative people embark on a
idea,
conscious search for answers. Then they begin an intellectual journey, seeking information about the
problem and how others have tried to solve it.
Inventors will setup a laboratory experiments designers will begin engineering new products
experiments,
ideas, and marketers will study consumer buying habits.
In rare instances, the preparation stage will produce results. More often, conscious
deliberation ill onl o e load
delibe ation will only overload the mind, but the effort is important in order to gather
mind b t effo t impo tant o de gathe
information and knowledge vital for an eventual solution
Entrepreneurship and Innovation Chapter 2 By: Motaz Al-Agamawi
6. The Creative Process (Incubation)
6
Incubation,
Subconscious Illumination, Recognition Verification, Application
assimilation of of idea as being feasible, or test to prove ideas has
Individuals sometimes concentrate intensely on an idea, but more often, they simplyvalue, ideas time to grow
Information,
I f i Realization
R li i allow Validation
l V lid i
Fantasizing
without intension effort.
Few great ideas come from thunderbolts (flashes of Genius). Most evolve in the mind of creative people while
they go about other activities.
The idea, once seeded and given substance through preparation, is put in a back burner, the subconscious mind
is allowed time to assimilate information.
Incubation is the stage of “mulling it over” while the subconscious intellect assume control of the creative
mulling over
process.
When we consciously focus on a problem, we behave rationally to attempt to find systematic resolution.
when we rely on subconscious process, our mind are untrammeled by the limitation of human logic.
y p , y g
The subconscious mind is allowed to wander and to pursue fantasies, and therefore open to unusual information
and knowledge that we can not assimilate in a conscious state.
Entrepreneurship and Innovation Chapter 2 By: Motaz Al-Agamawi
7. The Creative Process (Illumination)
7
Illumination,
Recognition of Verification, Application or test to prove ideas has value,
idea as being Validation
feasible,
Realization occurs when the idea resurfaces as a realistic creation.
Illumination,
The Fable of the thunderbolt is captured in a moment of illumination
illumination.
Illumination may be triggered by an opportunity incident.
Most creative people go through many cycles of preparation and incubation, searching for
that incident as a catalyst to give their idea full meaning
meaning.
Illumination is important for entrepreneurs because ideas, by themselves, have little
meaning.
Reaching illumination stage separates day dreamers from creative people who find a way
day-dreamers
to transmute value.
Entrepreneurship and Innovation Chapter 2 By: Motaz Al-Agamawi
8. The Creative Process (Verification)
8
Verification,
Verification
Application or
test to prove
ideas has value,
Validation
V lid ti
An idea once illuminated in the mind of an individual still has little meaning until verified as
realistic and useful
useful.
Entrepreneurial effort is essential to translate an illumination idea into verified, realistic
and useful application.
Verification is the development stage of refining knowledge into application
application.
This often tedious and requires perseverance by an individual committed to finding a way
to “harvest” the practical results of his/her creation.
During this stage many ideas fall by the wayside as they prove to be impossible or to
stage,
have a little value.
Entrepreneurship and Innovation Chapter 2 By: Motaz Al-Agamawi
9. Alexander Graham Bell, Case study
9
http://www.youtube.com/watch?v=uuw5NOPsc08&feature=related
Entrepreneurship and Innovation Chapter 2 By: Motaz Al-Agamawi
10. Alexander Graham Bell, Case study
10
Alexander Graham Bell had been fascinated with the physics of sound since childhood. He was
influenced to study human hearing systems by his mother, who had a serious hearing problem. As a young
adult. Bell taught at a school for the deaf and hearing-impaired. and he set up a laboratory for testing
new hearing devices. Many of these devices were awkward mechanical "horns" that amplified, sound
waves. Bell realized the possibilities of altering sound waves i various t
B ll li d th ibiliti f lt i d in i types of materials such as steel
f t i l h t l
wire during the 1870s, and he experimented for several years with magnetic devices in an effort to
produce a hearing aid. In 1875, his lab assistant, Thomas A. Watson, accidentally clamped a
magnetized steel reed too tightly to a magnet, and when he plucked at it, the reed came loose with a
"twang" that echoed, sending a signal along a wire to Bell's magnet receiver. Bell heard the twang and
recognized that an electrical signal had relocated the vibration caused by Watson's steel
reed. At that instant, the harmonic hearing aid became a feasible idea, but exactly when Bell conceived
of a harmonic telegraph (telephone) is unknown. It was several, years before he turned his attention to
commercial communications.
Alexander Graham Bell's example, research on harmonic sound transmission occupied a small percentage
of hi ti d i a two-decade period. Perhaps the i b ti period f th telephone could be
f his time during t d d i d P h th incubation i d for the t l h ld b
expressed as a three-decade, on-again-off again fascination with human hearing problems.
Entrepreneurship and Innovation Chapter 2 By: Motaz Al-Agamawi
11. Innovation and Entrepreneurship
11
Invention The creation of Results in new
Something new knowledge
The T
Th Transformation
f ti Result in a new
of an idea or product, service or
Innovation resource into useful processes
application
If creativity is the seed that inspires entrepreneurship, innovation is the process of
entrepreneurship.
Drucker “Innovation is the means by which the entrepreneur either creates new wealth-
Innovation…
producing resources or endows existing resources with enhanced potential for creating wealth”
It is important to recognize that innovation implies actions, not just conceiving new ideas.
When people have passed through the illumination and verification stage of creativity they
creativity,
may have become inventors, but they are not yet innovators.
Entrepreneurship and Innovation Chapter 2 By: Motaz Al-Agamawi
12. Elements in the Innovation Process
12
Translation of creative idea into a useful application
pp
Analytical Organizing Implementation Commercial
Planning Resources Application
• To Identify: • To Obtain: • To Accomplish: • To Provide:
• Product Design • Materials • Organization • Value to Customers
• Marketing Strategy • Technology • Product Design • Rewards for
• Financial Need • Human Resource • Manufacturing employees
• Capital • Services • Revenue for Investors
• Satisfaction for
Founders
Innovation is the development process.
It is the translation of an idea into an application
It requires persistence in analytically working out the details of product design or service to
service,
develop marketing, obtain finance, and plan operations.
Entrepreneurship and Innovation Chapter 2 By: Motaz Al-Agamawi
13. Key People in the Technological Innovation
13
Creative Source Champion Sponsor
• Inventor or Originator
g • Entrepreneur or
p • Person or organization
g
who creates something Manager who pursues that backs innovation with
new through personal the idea, providing finance, advice and
vision or effort. leadership for contacts
application
A number of industrial studies reveal that for a technology innovation to succeed, there are
succeed
three important people involved and seven important conditions to satisfy.
The combination of these people and conditions satisfies the need for creativity and
implementation.
implementation
Entrepreneurship and Innovation Chapter 2 By: Motaz Al-Agamawi
14. Seven Conditions Required for Success in Technological Innovation
14
An outstanding person in an executive leadership position to support strategic decision
that encourage creativity and innovation development.
An operational leader to carry out the essential tasks of converting knowledge into a
application.
commercial application
A clear need for the application by sufficient potential consumers to warrant the
commitment of resources to innovation.
The realization of the product, process, or service as a useful innovation providing value to
product process
society.
Good cooperation among the crucial players and among diversified functions in an
organization all of whom together must bring the idea to fruition.
organization, whom, together, fruition
Availability of resources and the supporting technology to succeed in the endeavor.
Cooperation and support from external source who can influence the success of an
innovation,
innovation including government agencies investors, supplier, and creditors.
agencies, investors supplier creditors
Entrepreneurship and Innovation Chapter 2 By: Motaz Al-Agamawi
15. Seven Conditions continue,…
15
Beyond the world of high-tech innovation, entrepreneurs take up the creative challenge of
innovation
new ideas daily.
Many of those innovation we take for granted as we entered the 1990s, but more than half
ago.
of all our existing technologies applications did not exist two decades ago
In each instant of innovation, there has been an entrepreneurial champion who persisted in
developing a creative idea into marketable application.
In each instance the entrepreneur has been able to recognize change and envision the
instance,
opportunity.
Entrepreneurship and Innovation Chapter 2 By: Motaz Al-Agamawi
16. Opportunity Through Change
16
Scientific Knowledge: Has been at the heart of many new enterprises and we can see how
enterprises,
important it is by tracing the development of computers.
Process Innovation:
Edison s
Edison’s light bulb was only a curiosity until he developed an electrical system for
supplying power to consumers.
Early computers had little value until symbolic language, operating system and data
storage techniques were developed
developed.
Industrial Change: can occur through natural events such as the discovery of oil or as a
result of human events.
Every industry is fragile and subject to sudden change New laws, the dissolution of old
change. laws
laws, economic influences, social changes and new technologies are all threats to industry
stability, providing in their wake ample opportunities for entrepreneurs.
Entrepreneurship and Innovation Chapter 2 By: Motaz Al-Agamawi
17. Opportunity Through Change (cont.)
17
Market changes: The success of Henry Ford when he developed an inexpensive automobile
automobile.
Demographic Change: As a national’s demographic change, new opportunity to serve
human needs arise. By tracking these changes, entrepreneurs can identify opportunities and
them.
react to them
Social and Culture Change: Water Systems, Waste Collection, Police Services, Fire
Brigades, and Schools began to evolve in the 19th century.
Entrepreneurship and Innovation Chapter 2 By: Motaz Al-Agamawi
18. In Class Activity (Open discussion for Change & Opportunity)
Data and information in the below video is not references, we are presenting it for the sake of discussing change and opportunity
18
http://www.youtube.com/watch?v=cL9Wu2kWwSY
Entrepreneurship and Innovation Chapter 2 By: Motaz Al-Agamawi
19. Windows and Corridors
19
A Window is a time horizon during which opportunities exist before something else happened to
eliminate them.
A unique opportunity, once shown to produce wealth, will attract competition, and if the industry is
easy to enter, the industry will become rapidly saturated.
Every successful product and service has had an optimal period of time for commercialization.
Those introduced too early have usually failed, and those introduced too late suffered from
crowded markets.
Entrepreneurs, therefore, must not only recognize opportunities, but also take advantage of them
E h f l b l k d f h
while windows exist to be successful.
The corridor principle suggest that opportunities evolve from entrepreneurs being positioned in
similar work or h i h d experience with related venture so that when a window opens it is easy
i il k having had i ith l t d t th t h i d i
for them to move quickly into a new venture.
A corollary is that as a venture becomes expert in one activity, related oppurtunities evolve, and
many of them are more rewarding than the initial activity
activity.
Entrepreneurship and Innovation Chapter 2 By: Motaz Al-Agamawi
20. Windows and Corridors, Case Study
20
Bicycles did not become viable commercial products until people needed them as transportation.
When that need occurred, hundreds of bicycles manufacturers rushed to take advantage of the
“Window of opportunity”.
A brief period of opportunity opened for electronic spreadsheets when microcomputers hit the
fast growth curve. Several entrepreneurs entered the market with a good spreadsheet products. The
first, VisiCalc, which was quite successful. But IBM Lotus 1-2-3 and Microsoft Excel Program forget
into the industry market. By 1986, Lotus had set the industry standard, then Microsoft excel takeover.
William G
W ll Gates of M
f Microsoft, f example, was firstly approached by IBM in 1980 to prgram an
f for l f l h db
operating system for the PC. This is a corridor.
Entrepreneurship and Innovation Chapter 2 By: Motaz Al-Agamawi
21. Myths- Fantasies Not Facts
21
Luck is for Gamblers: More often successful individuals have been nourshing a concept for
often,
some time or working on closely related projects when a breakthrough occurs. Presistence and
determination played greater roles than luck.
Make or Break on the First Venture: Entrepreneurs is not a “boom or bust” process even
boom bust process,
though many new firms succeed brilliantly and others do not survive for long. The point is that
too much distortion exists on both issues.
Entrepreneurs Are Mavericks and Misfits: Most successful entrepreneurs, however, are from
entrepreneurs however
the rank of above average students, and they are relatively unlikely to have drugs or alcohol
problems or to run afoul of the law. Entrepreneurs are mavericks in the sense that they instigate
change and challenge the status quo but they are not “misfits”.
quo, misfits
Are Entrepreneurs Born or Made?: If the environmental theme has credence, then learning
as much as possible about the entrepreneurial process will better prepare students to succeed
in business
business.
Entrepreneurship and Innovation Chapter 2 By: Motaz Al-Agamawi
22. Success Factors For Entrepreneurs
22
The Entrepreneurial Team: The term team is used because more often than not,
because, not
entrepreneurs do not start business by them selves; they have teams, partners, close associates,
or extensive network of advisers. We can infer that success is closely tied to a solid knowledge
endeavor.
base and substantial experience in related filed of endeavor
Venture Products and Services: Nearly all successful ventures start small and grow
incrementally; few “gear up” with substantial organizations for a big-bang start. Positive Cash
Flow,
Flow Profit Margins Cost Control and Overhead monitoring, are all a key success factors.
Margins, monitoring factors
Marketing and Timing: Successful entrepreneurs tend to have a clear vision of both existing
and potential customers. Charismatic Entrepreneur loaded with talent and great idea will not
convince investor that a venture is viable without valid market research There are not shortcuts;
research.
innovation requires market demand, not simply a good idea.
Business Ideology: Business ideology is defined as a system of beliefs about how one
conducts an enterprise. These beliefs include a commitment to providing customers with value
enterprise value,
the ability to take calculated risk, the determination to grow,…
Entrepreneurship and Innovation Chapter 2 By: Motaz Al-Agamawi
23. Bonus Activity…
23
Nolan K. Bushnell (born February 5, 1943) is an American engineer and entrepreneur who founded both Atari, Inc and
the Chuck E. Cheese s Pizza-Time Theaters chain Bushnell has been inducted into the Video Game Hall of Fame and
E Cheese's Pizza Time chain.
the Consumer Electronics Association Hall of Fame, received the Nations Restaurant News “Innovator of the Year” award,
and was named one of Newsweek's "50 Men That Changed America." Bushnell has started more than twenty companies
and is one of the founding fathers of the video game industry. He is currently the founder and CEO of uWink, a game-
based t
b d restaurant startup, and th Ch i
t t t d the Chairman of th b d at N Ed N t
f the board t NeoEdge Networks, an advertising-based video game
k d ti i b d id
company.
Through Searching the internet, prepare a presentation about Nolan K. Bushnell…
Describe his journey in one paragraph using your own words.
List the most important milestones which made his in the list, from your own point of view.
Describe his journey through the creativity process,
Use videos, diagrams, photos in your presentation as much as possible
Include your references, be sure that it is trust worthy reference
By doing this activity you will take bonus (same weight of assignment)
Else you will not loose score
Activity Deadline: Next Week lecture.
Entrepreneurship and Innovation Chapter 2 By: Motaz Al-Agamawi
24. Extra Resources for Entrepreneur of the Chapter…
24
For Henry Ford you can visit:
http://en.wikipedia.org/wiki/Alexander_Graham_Bell
http://inventors.about.com/od/bstartinventors/a/telephone.htm
// / / / /
http://www.privateline.com/TelephoneHistory/History1.htm
http://www.encyclomedia.com/video-alexander_graham_bell.html
Entrepreneurship and Innovation Chapter 2 By: Motaz Al-Agamawi