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The introduction of these innovations has had an impact on the world today. However, there are those which have brought about significant changes exemplified by the building of the interstate highway system, the television network and the introduction and spread of the internet. Before the construction of the interstate highway systems, transportation within cities was almost impossible due to congestion and overcrowding on the two-lane roads. Interstate highways opened up many states due to unrestricted transportation, hence improved communication.
The Introduction of a national television network brought a critical connection of people from all walks of life (Bob, 2010). People in big cities, small towns, in farming communities and even those living in remote villages were able to watch at a relatively same time. However the executives who ran the networks had power over what and when to air limiting freedom of choice for the people. The internet on the other end brought unprecedented freedom in the world that allowed individuals with internet connection access to a lot of information without any restriction. The effect was elevated communication and exchange of knowledge to a whole new level, preventing the monopolies from the stakeholders.
Although there are drawbacks arising from these innovations, the advantages overweigh the impediments. In conclusion, innovations have led to the improvement of both social and economic standards of the American people. I believe, innovation has and is still the cornerstone of a better and well-developed standards of living and the achievement of greater freedom, as exemplified by freedom of expression and speech opened up by the internet and television. Communication and transportation have improved the American and global livelihood with its inception and development a seed of innovation. Innovation is, therefore, a
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The report also seeks to identify the sources of the inspiring ideas and principles for different innovation projects. The major types of innovations include process, product, market and organizational innovation. Ideas for innovation may come from research, commercial presentations, educational events and trade journals among others.
People from all over the world, may it be from Europe, Asia, Middle East, Australia, Africa or South America, are drawn towards the United States or what it has to offer and make their mark while they are here. It is not at all a wonder that the immigration count in United States has been rising every year.
Very substantial studies are available to prove this point of view; our concern is, by sifting through the studies and by citing different firms', who have been successful by introducing new product or a new process in the market, to prove this standpoint.
This paper briefly examines and illustrates the need, nature, scope, strategies, and benefits of innovation for businesses and corporates.
Corporations and business enterprises need to ensure better top-line growth and greater bottom-line profits in order to succeed and to sustain their businesses.
"Technology-based products account for the highest and fastest-growing proportion o the world trade, which explains much of the corporate and public policy interest in technological innovation. Firms use technology as a fundamental driver of competitiveness, and in a wide variety of ways governments support corporate technological activities as the primary agents of technical advance in the economy" (Dodgson and Bessant 1996, p.
Innovation is something which did not exist in the world till that time. For example Columbus discovered America. It is wrong to say that Columbus innovated or invented America since the American continent was already there from the
However, the approach for innovation has evolved. Innovation can be broadly categorised into open and closed innovation. According to Chesbrough (2003b, p. 23) “successful innovation requires control.” Closed innovation is based on the underlying assumption that successful innovation can only be achieved through control.
uicker ways to change their business ways and innovate for new products so that they can catch up with the rapidly changing markets and the environment (Barney 658).
The recent times have found that the industry has been hit by the digital age in both content as well as
These reasons range from the general mindset of the workers, to the environment, to the human psyche, the work methods, the familiarity with the term and its very existence. Special frameworks, methodologies and guidelines exist that provide an insight
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