Entrepreneurship and Innovation Management - 9362 Words

Entrepreneurship and Innovation Management Master’s Thesis Serkan Ceylan Entrepreneurship and Innovation Management Master’s Thesis Serkan Ceylan ABSTRACT The purpose of this study is to analyse the problem that the companies do not use the potential of their employees on innovations and intrapreneurial processes. The source of innovation is usually the entrepreneur. These are individuals that come up with new ideas of what the market is likely to want or desire. These people have usually gathered this knowledge through interaction with consumers. Sometimes it is the imaginative impulsive desire on their part to offer something new or different, at other†¦show more content†¦22 5. 6. 7. 4.1. Analysis ..................................................................................................................... 27 Conclusions ...................................................................................................................... 28 Bibliography .................................................................................................................... 30 Appendix ............................. ............................................................................................. 34 7.1. Questionnaire Summary ............................................................................................ 34 3 [ME204X] Entrepreneurship and Innovation Management Master’s Thesis Serkan Ceylan June 4, 2009 1. Introduction Competition is the true driver of markets. It is the product of our environment. Unless a company is competitive it will not survive in the market it is serving. There is hardly any monopoly in a market, except when it is backed by the state. Sometimes oligopolies behave like monopolies but even the constituents have to fight for market share. To capture market share, companies constantly need to innovate their product or service as core competencies can remain unique for only a small period and eventually the competition catches up with an imitation or a new idea. People pursue goodShow MoreRelatedEntrepreneurial Ecosystem in Academic Organization827 Words   |  3 PagesStudy Entrepreneurship is a crucial element for each country that aim to be competitive and developed within knowledge-based world economy. According to â€Å"Green Paper on Entrepreneurship in Europe† (2003) it defines entrepreneurship as â€Å"the mindset and process to create and develop economic activity by blending risk-taking, creativity and/ or innovation with sound management within a new or an existing organization†. Definition about entrepreneurial ecosystem is a system of entrepreneurship thatRead MoreHow Does Tight Control Stifle Creativity Innovation Creativity, Innovation And Entrepreneurship1727 Words   |  7 PagesIt is an indisputable fact that the management style becomes an important way to measure the successes of business performance. In order to enhance the competition of a company, manager needs to focus on creativity, innovation and entrepreneurship. In fact, the different type of control styles can be provided for separate level of employees. In many big companies, they apply tight control, for example McDonald’s uses democratic leadership and achieve high production efficiency by imposing pressureRead MoreCreativity and Events1595 Words   |  7 Pagescreativity, innovation and entrepreneurship within the events sector. Key theoretical concepts around the subjects will be explored in order to form a discussion for the need of creativity within events organisations. T his essay will draw upon industry examples to illustrate how the concepts can be achieved in order to gain competitive advantage. Through critical analysis, the concepts can be reviewed, and an appraisal for the scope for creativity and entrepreneurship in events and events management companiesRead MoreResource Based View of Social Entrepreneurship: Puting the Pieces Together813 Words   |  3 Pages INTRODUCTION The emerging field of social entrepreneurship calls for a need for new integrated theories to contribute to the discipline and help grow the field. Social Entrepreneurship has been a topic of academic interest for the past few decades; however there has been little scholarly output in mainstream journals (Short, Moss, Lumpkin 2009). Social entrepreneurship is commonly defined as â€Å"entrepreneurial activity with an embedded social purpose† (AustinRead MoreTo What Extent is Naturis an Entrepreneurial Company?1245 Words   |  5 Pages2008). After the sucessful joint venture, Naturis is now hightly entrepreneurial as it practices the concept of strategic entrepreneurship. By constantly looking for new uses for its product, the company innovate in order to sustain their competitive advantage. Naturis is considered as an innovative and entrepreneurial company as it follows the concept of strategic entrepreneurship refered to as sustained regeneration by introducing new produ cts and entering new market areas on a regulary basis (CovinRead MoreA Brief Biography of Entrepreneurship Essay1397 Words   |  6 Pages1. Introduction In times of crisis, the economy needs new ideas to bring about a change to reactive safely the economy and provide more confidence to the customers. Entrepreneurship plays an important role in the sustainable growth in the economy performance. Innovation and creativity have been never easy, however, in a globalized world that is struggling to recover from a major economic crisis, they play a vital role to recover the economy, becoming the new core competencies of corporationsRead MoreWhat Does The Study of Regional Economy Teach Us?1436 Words   |  6 Pagesindexes of various businesses, decisions can be made with more knowledge and better understanding of the advantages and disadvantages. What are the arguments for pursuing regional competitiveness? Describe the role of productivity, creativity and innovation in regional development? Regional competitiveness is essential for a business to grow, compete and obtain profits the global market in terms of price and quality. It can be categorized into three major indicators namely infrastructure and accessibilityRead MoreEntrepreneurship Risk, Rewards, And Reality1456 Words   |  6 Pagesgone because of entrepreneurship. In the article â€Å"Entrepreneurship Risk, Rewards, and Reality† by Timothy W. Scales, the author goes over key points about small business like development, growth, and secession. Scales focus on experiences that relate to an accomplished and an unaccomplished entrepreneur. Scales say that if an idea can become entrepreneurial, it can be big or small. Entrepreneurship is the key to innovation and growth. Since the 1970s, scholars knew that entrepreneurship was the sourceRead MoreInnovation in an Entrepreneurial Organization1859 Words   |  7 Pagespractices that establish an organizational environment in which innovation is considered an a ccepted and appropriate response to organizational problems. These practices build commitment and enthusiasm by creating a shared sense a purpose and meaning in the organization. This ensures that all the firm’s technical and business skills are brought to bear to achieve its purpose. A culture that encourages creativity and creates a passion for innovation in the firm develops. Culture is an important determinantRead MoreSmall Business Management Essays1535 Words   |  7 Pagestimes and areas. One of the earliest definitions was provided by Bolton Report (1971), which has indicated that a small enterprise should meet three criteria: independent (not part of a larger enterprise); managed in a personalized manner(simple management structure); relatively small share of the market(the enterprise is a price ‘taker’ rather than price ‘maker’). There are also quantitative definition of the smaller enterprise in terms of measurement of the assets, turnove r, profitability and employment