INNOVATION CREATION AND ACHIEVMENT OF STRATEGIC (BUSINESS) GOALS. What is Innovation? This can be defined as “ the process by which an idea or invention is translated into a good or a service‚ for which people will pay‚ or something that results from this process…It must be replicable at an economical cost and must satisfy a specific need…It [also] involves the deliberate application of information‚ imagination and initiative in deriving greater or different value from resources[ and encompassing]
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We live in a world where most humans act like sheep following the herd; most people would rather follow the crowd rather than think for themselves. From cheating on an exam to copying other people’s ideas‚ that seems to be the norm in our society: most people want the easy way out for everything‚ as thinking is actually hard to do. So for the very few people who do put effort into thinking and use their creativity to develop novel ideas and implement them through the commercialization of a product
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Canadian inventors who had their invention assessed by The Canadian Innovation Centre (CIC)1 in Waterloo‚ Ontario between 1976 and 1993. The CIC serves independent inventors in Canada and includes an Inventor’s Assistance Program (IAP) that evaluates a specific idea or invention before it reaches the marketplace in return for a small fee. Mr. Åstebro used the IAP database to track down and contact over 1‚000 inventors to assess the commercial success of their invention in order to determining the
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of non-biodegradable materials as well as the increasing number of toxic wastes or substances or chemicals. Some possible effects are promotion in recycling‚ reducing and reusing materials and applying our talents in creativity in inventing new inventions considering new strategies‚ new solutions and new possibilities. IV. Scope and Limitation Chapter II: Methodology I. Materials/ Equipments A. Potato 1. Main source of energy. B. Wires 1. Passage way of energy
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chocolate and the trees to licorice to solve problem of the lack of food in the world. All joking aside‚ if I were to rule the world there would be three things in particular that I would change: elimination of all countries‚ enforce the freedom of speech‚ belief and sexuality‚ and the eradication of the class system. Well‚ when I say that I would like to abolish all countries‚ I feel as though some of you may think that that is ridiculous. For some people‚ their nation is their pride! Why take it
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speaks about the right attitude towards work. All great people accomplished noble deeds‚ discovered new things‚ invented new products only because of their right attitude towards work. Edison‚ for example‚ held a world record of 1093 patents for inventions. All these were possible because of his worshipful attitude towards his work. The mother at home works with the same attitude. Whether it is sweeping or cleaning the utensils or preparing food‚ she does it with love and care. Cooking‚ cleaning
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diseases such as malaria‚ influenza & TB were considered to be incurable. But now even some forms of Cancer are curable. All this would not have been possible if it were not for the progress made by medical science. Yes‚ technology & scientific invention has its disadvantages also. But it will be wrong on our part to blame technology for whatever damage that has happened in our world. A car is a wonderful gift of technology to mankind. But a reckless driver is capable of using it as a weapon of destruction
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their time to be trailblazers‚ but not so far ahead that people had no idea what they were talking about. Hero of Alexandria Hero‚ or Heron‚ of Alexandria‚ on the other hand‚ had the astonishing bad taste to be born around 10 CE‚ which made his inventions so far ahead of their time that they could be of little practical use and‚ in time‚ were forgotten. If he had been born in‚ say‚ 1710‚ his engineering prowess and incredible creativity might have made him the richest person in the world. As it is
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time. Edison was eventually successful and sold this invention to a man named Mr. Goulden for thirty thousand dollars‚ which is equivalent to around five hundred thousand dollars today. With this money he was able to buy a big house in Menlo Park‚ New Jersey with a separate laboratory. In this laboratory Edison and his partner made most of his great inventions. As Thomas Edison got older he became well known for many of his inventions. The invention that really made him famous was the phonograph. The
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hearing when a man pulled him by the ear to get him to a moving train. Another story and a very popular one is that there was a small explosion which led him to lose his hearing. Despite all of that he was a great scientist with great creations and inventions. He was very hard working and very ambitious as the history shows us. He was so creative and innovative that he invented a new telegraphic device by the age of approximately 21 years old and that is a very young age to create in. Also‚ he was working
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