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Innovation. The Currency of the 21st Century

Innovation. The Currency of the 21st Century PDF Author: Amber Dubinsky
Publisher: GRIN Verlag
ISBN: 3668669775
Category : Business & Economics
Languages : en
Pages : 176

Book Description
Master's Thesis from the year 2013 in the subject Business economics - Business Ethics, Corporate Ethics, grade: 5.5 von 6 (Schweiz), Lucerne University of Applied Sciences and Arts (Betriebs- und Regionalökonomie IBR), language: English, abstract: This thesis aims at providing value to small and medium-sized enterprises (SME). In Switzerland these enterprises constitute 97% of all Swiss companies and employ 67% of the working population. These figures clearly demonstrate that SMEs are the backbone of the Swiss economy. Although the type of companies studied varied considerably in size, the concrete measures surfaced in the research that stimulate creativity and innovation are mostly size irrelevant. The belief that large corporations’ ability to apply costly measures, would outplay SMEs proved to not necessarily hold true. This can be explained by the fact that organisational culture is predominantly about human interaction. It is about the people as they are the ones armed with great ideas. This study further reveals that these creative thoughts and ideas are frequently developed in a friendly atmosphere where people from different divisions can come together and exchange ideas. Creative hunches often occur through informal exchanges where work and social interactions are encouraged in everyday life. Therefore, not only places for “doing” need to be provided, but places for “being” are equally important. This human-centric orientation must be further supported by employee empowerment, trust and the freedom to take actions on behalf of the company. These values have a powerful impact on individuals and make them engage by means of intrinsic motivation. The synergy of these factors provides a lively melting pot where the communication culture promotes an honest exchange of opinions. This is considered as the most productive method in achieving great results. However, without the active role of management support, no such culture can be achieved. Impartially rewarding achievements, embracing uncertainty, allowing risk-taking and mistakes are prerequisites for innovation. Implementation of these factors may appear to be straightforward, however, it demands a high degree of letting go. These components must form an integral part of company strategies and are effective if they are not only clearly communicated throughout the entire workforce in a consistent manner, but also experienced and lived by employees in the daily operations and interactions. This clearly answers Drucker’s question - “how much of innovation is inspiration, how much is hard work?” - and shows the great degree of influence that is held by management support.

Innovation. The Currency of the 21st Century

Innovation. The Currency of the 21st Century PDF Author: Amber Dubinsky
Publisher: GRIN Verlag
ISBN: 3668669775
Category : Business & Economics
Languages : en
Pages : 176

Book Description
Master's Thesis from the year 2013 in the subject Business economics - Business Ethics, Corporate Ethics, grade: 5.5 von 6 (Schweiz), Lucerne University of Applied Sciences and Arts (Betriebs- und Regionalökonomie IBR), language: English, abstract: This thesis aims at providing value to small and medium-sized enterprises (SME). In Switzerland these enterprises constitute 97% of all Swiss companies and employ 67% of the working population. These figures clearly demonstrate that SMEs are the backbone of the Swiss economy. Although the type of companies studied varied considerably in size, the concrete measures surfaced in the research that stimulate creativity and innovation are mostly size irrelevant. The belief that large corporations’ ability to apply costly measures, would outplay SMEs proved to not necessarily hold true. This can be explained by the fact that organisational culture is predominantly about human interaction. It is about the people as they are the ones armed with great ideas. This study further reveals that these creative thoughts and ideas are frequently developed in a friendly atmosphere where people from different divisions can come together and exchange ideas. Creative hunches often occur through informal exchanges where work and social interactions are encouraged in everyday life. Therefore, not only places for “doing” need to be provided, but places for “being” are equally important. This human-centric orientation must be further supported by employee empowerment, trust and the freedom to take actions on behalf of the company. These values have a powerful impact on individuals and make them engage by means of intrinsic motivation. The synergy of these factors provides a lively melting pot where the communication culture promotes an honest exchange of opinions. This is considered as the most productive method in achieving great results. However, without the active role of management support, no such culture can be achieved. Impartially rewarding achievements, embracing uncertainty, allowing risk-taking and mistakes are prerequisites for innovation. Implementation of these factors may appear to be straightforward, however, it demands a high degree of letting go. These components must form an integral part of company strategies and are effective if they are not only clearly communicated throughout the entire workforce in a consistent manner, but also experienced and lived by employees in the daily operations and interactions. This clearly answers Drucker’s question - “how much of innovation is inspiration, how much is hard work?” - and shows the great degree of influence that is held by management support.

Invention - The New Currency for the 21st Century

Invention - The New Currency for the 21st Century PDF Author: Dilcia Granville
Publisher: CreateSpace
ISBN: 9781456503925
Category : Entrepreneurship
Languages : en
Pages : 0

Book Description
"An inspirational, encouraging and handy step-by-step guide to getting a product, idea or business up and running." Kirkus ReviewIt provides advice and extensive resources for innovators of all stripes.The book is a Road Map for innovators, a Resource for Start-ups, and a valuable Reference for Business Centers, Colleges and Universities in the USA. "The author, an accomplished inventor, begins this very specialized business book by discussing the ramifications and controversies of the America Invents Act. After it was signed into law in September 2011, the act revamped the nation's patent system." Kirkus ReviewIt is based on a true story, from a health professional that became the first Dominican woman inventor. It is simple and easy to follow. It takes away the complexity of inventing. The book provides steps to make your idea a reality and provides steps to start a business, including launching and marketing. It makes your idea flourished by holding your hands in the amazing world of innovation from preventing from making detrimental mistakes to guiding easily learn about various phases of your idea by researching, exploring, learning about intellectual property and the need to protection, decision to proceed, invention , development funding, evaluating your invention, licensing, patenting. Finally, the excitement of starting a business and all the phases, business plan, financing, loan request information, business structure, targetting your market and merchandising strategy, competition and pricing, financial information. Finally, the incredible experiencing of launching a product. The insightful experience along with the resource list is the complete tool to start inventing, sharpen entrepreneurs skills and start-up business.

Innovation

Innovation PDF Author:
Publisher: T.F. Editores, S.L.C.
ISBN: 9788492441488
Category : Creative ability in business
Languages : en
Pages : 0

Book Description
Innovation: Perspectives for the 21st Century, has been published by the BBVA Group. The motivation behind this publication is to disseminate expert knowledge on the key issues shaping the future course of the 21st century and relay this knowledge to soc

Building a Cashless Society

Building a Cashless Society PDF Author: Niklas Arvidsson
Publisher: Springer
ISBN: 3030106896
Category : Business & Economics
Languages : en
Pages : 96

Book Description
This open access book tells the story of how Sweden is becoming a virtually cashless society. Its goal is to improve readers’ understanding of what is driving this transition, and of the factors that are fostering and hampering it. In doing so, the book covers the role of central banks, political factors, needs for innovation, and the stakeholders involved in developing a cashless ecosystem. Adopting a historical standpoint, and drawing on a unique dataset, it presents an academic perspective on Sweden’s leading role in this global trend. The global interest in the future of cash payments makes the Swedish case particularly interesting. As a country that is close to becoming a cashless economy, it offers a role model for many other countries to learn from - whether they want to stimulate or reduce the use of cash. This highly topical book will be of interest to politicians, researchers, businesses, financial service providers and payment service providers, as well as fintech start-ups, regulators and other authorities.

Innovation Policies for the 21st Century

Innovation Policies for the 21st Century PDF Author: National Research Council
Publisher: National Academies Press
ISBN: 0309103169
Category : Computers
Languages : en
Pages : 222

Book Description
To mark the opening of a study of Comparative Innovation Policy: Best Practice for the 21st Century the Board on Science, Technology, and Economic Policy (STEP) convened a symposium providing an overview of areas to be examined in the study and topics requiring further policy attention. The event highlighted the policies and programs of leading nations and provided valuable insights into some of the common challenges of growing and supporting high-technology industry and the commercialization of public investments in R&D. This report contains a summary of the symposium proceedings and an introduction analyzing the issues and placing them in a broader policy context.

The Future of Money

The Future of Money PDF Author: Eswar S. Prasad
Publisher: Harvard University Press
ISBN: 0674258444
Category : Business & Economics
Languages : en
Pages : 497

Book Description
A cutting-edge look at how accelerating financial change, from the end of cash to the rise of cryptocurrencies, will transform economies for better and worse. We think weÕve seen financial innovation. We bank from laptops and buy coffee with the wave of a phone. But these are minor miracles compared with the dizzying experiments now underway around the globe, as businesses and governments alike embrace the possibilities of new financial technologies. As Eswar Prasad explains, the world of finance is at the threshold of major disruption that will affect corporations, bankers, states, and indeed all of us. The transformation of money will fundamentally rewrite how ordinary people live. Above all, Prasad foresees the end of physical cash. The driving force wonÕt be phones or credit cards but rather central banks, spurred by the emergence of cryptocurrencies to develop their own, more stable digital currencies. Meanwhile, cryptocurrencies themselves will evolve unpredictably as global corporations like Facebook and Amazon join the game. The changes will be accompanied by snowballing innovations that are reshaping finance and have already begun to revolutionize how we invest, trade, insure, and manage risk. Prasad shows how these and other changes will redefine the very concept of money, unbundling its traditional functions as a unit of account, medium of exchange, and store of value. The promise lies in greater efficiency and flexibility, increased sensitivity to the needs of diverse consumers, and improved market access for the unbanked. The risk is instability, lack of accountability, and erosion of privacy. A lucid, visionary work, The Future of Money shows how to maximize the best and guard against the worst of what is to come.

Innovation in Brazil

Innovation in Brazil PDF Author: Elisabeth B. Reynolds
Publisher: Routledge
ISBN: 0429626886
Category : Business & Economics
Languages : en
Pages : 351

Book Description
Since the early 2000s, state-led and innovation-focused strategies have characterized the approach to development pursued in countries around the world, such as China, India, and South Korea. Brazil, the largest and most industrialized economy in Latin America, demonstrates both the opportunities and challenges of this approach. Over the course of nearly 20 years, the Brazilian government enacted various policies and programs designed to strengthen the country’s capacity to innovate. It increased spending on science and technology, encouraged greater collaboration between industry and universities, and fostered the creation of new institutions whose primary aim was to facilitate greater private research and development (R&D) spending. In this book, the editors unite a diverse array of empirical contributions around a few key themes, including public policies, institutions and innovation ecosystems, and firms and industries, that collectively make the case for a new, forward-looking innovation agenda aimed at addressing persistent challenges and exploiting emerging opportunities in Brazil. Its conclusions offer valuable lessons for other developing and emerging economies seeking to accelerate innovation and growth in the modern age. With its interdisciplinary and wide-ranging contribution to the study of innovation, as well as attention to broader policy implications, this book will appeal to scholars and professionals alike.

Proceedings of the BMU International Innovation Conference 2016

Proceedings of the BMU International Innovation Conference 2016 PDF Author: Nandita Choudhury
Publisher: Cambridge Scholars Publishing
ISBN: 1527536068
Category : Business & Economics
Languages : en
Pages : 219

Book Description
This volume brings together the proceedings of the BML Munjal University (BMU) International Innovation Conference 2016, held in Delhi, India. The conference was attended by academicians from across the globe and included discussions with industry executives. The book will appeal to the academic fraternity in the fields of management, business and economics, in addition to practicing managers associated with innovation.

The Euro in the 21st Century

The Euro in the 21st Century PDF Author: Maria Lorca-Susino
Publisher: Routledge
ISBN: 1317033337
Category : Business & Economics
Languages : en
Pages : 261

Book Description
The Euro in the 21st Century clarifies the perception of the euro and empirically demonstrates that the euro has become a true common currency and the Eurozone a true optimal currency area, presenting, in turn, a model to imitate. In order to demonstrate this, this study analyzes the economic and monetary requirements and policies required to introduce a common currency as well as the theoretical underpinnings of both the European integration process and the historical economic, monetary, political, and social circumstances that favoured the creation of the economic and monetary union. Furthermore, this book sheds light on how the current economic and monetary circumstances are affecting the euro project through and analysis of three intertwined issues. It studies how the economic chaos and financial uproar, which has plagued the Eurozone and world economy since 2008, has affected the single-currency regime as well as the current image of the euro worldwide. Moreover it summarizes the lesson to be learnt from what can be considered 'the first euro crisis'. Finally, it thoroughly analyzes the behaviour of the US Federal Reserve, the European Central Bank, and the International Monetary Fund during this crisis. This book draws on and contributes to several bodies of literature within Political Economy, Economics, and International Relations and is particularly relevant at this time given that the current unfolding economic imbalances are causing some Eurozone Member States to rethink their economic and political views concerning the euro.

Business Innovation in the 21st Century

Business Innovation in the 21st Century PDF Author: Gupta Praveen
Publisher: S. Chand Publishing
ISBN: 8121929458
Category : Business & Economics
Languages : en
Pages : 335

Book Description
Part 1: 1. History Of Innovation 2. Creativity And Innovation 3. The Conventional Tools Of Creativity 4. Innovation In The Information 5. Need For Innovation On Demand Part 2: 6. Brain Hardware And Innovation Processes 7. Framework For Innovation 8. Room