Applied Research Technologies

Good Essays
Bus 491Z2
Week #2
Applied Research Technologies
Stephanie Porter

How has ART been able to foster innovation and an entrepreneurial environment in the context of a large corporate entity? To be able to foster an entrepreneurial environment in the context of a larger corporate, there should be three components that the leaders should address. For one of the components is culture. Culture awareness is huge to the economy. They should accept that failure is part of the process and the willingness to encourage and support entrepreneurs when their first idea doesn’t work well. Another component is infrastructure. This means moving beyond the notion to include the traditional and nontraditional leadership, social organizations, community colleges and cultural resources that are diverse and emphasize creativity. Another component is Entrepreneurial support elements. This is specific programs that are designed to provide a range of support top entrepreneurs of all types and how they need it. This includes mentoring and coaching others. Also the employees take personal responsibility for their own actions and results, knowing they contribute to the success of the overall organization in which they hold ownership stake. In 2006, Peter Vyas, paced his office after a request of 2$ million dollars to relaunch a mini water- oxidation product. Having two failures previously to bring this product to the market the last three years, he had a team who was very confident that this time was the right time. Vyas is the general manager of Filtration unit of Applied Research Technologies, in other words ART. His team had worked on this project and believed that this time they were in the right direction. Because of his recent failures, it also hurt his background. If he supported this he would not only hurt his self again, but his entire team that was behind him. The employees are encouraged to brainstorm and to “think outside the box”. Ceo Hall has



References: https://cb.hbsp.harvard.edu/cbmp/context/coursepacks/30831339 http://web.extension.illinois.edu/buildingec/whatdoesittake.cfm I submit that this paper is entirely my own work and agree that it may be submitted to Turnitin for the purpose of checking for plagiarism and further that it may be maintained on the Turnitin database in order to check for future plagiarism

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