|
Back to Blog
The article "8 Strategies to Sustain Business Innovation" says what it is about in the title. The 8 ways it talks about are to; understand the opportunity paradox, Borrow ideas, know when to ignore data, rely on consumer information, keep it simple, use familiar ideas first and then make it unique, keep the purpose of the product in mind and to find a path through inevitable change. Many of the ideas proposed in the article are simple and easy to follow, while also making a large difference either in intel for the business, or preparations for the future.
In this article, there were many references to current businesses and companies that stood out to me. An example would be the many times corporations such as Twitter or Netflix were used as examples for the strategies. This shows that these strategies have been put into effect into other scenarios to create the million dollar corporations they are today. Much of this relates to the attributes of entrepreneurs that we learned about in class. You have to have many of the traits mentioned in the Powerpoint to take full advantage of the strategies mentioned in this article.
0 Comments
Read More
Back to Blog
Innovation vs Incentives4/26/2024 The article "‘Intrinsic Joy’ Sparks Ideas Better than Cash" written by Rachel Layne focused on the correlation with Innovation and Financial Incentives. GitHub, a software development company, provided matching funds for its users eligible for a sponsorship. This began as a success for GitHub, as these users would generate up to 30% more profits than normal users. In the long term however, the same users would generate 16% less than normal users. This was because, as the article states Movsre"[the] payment killed the “intrinsic joy” developers felt[…]". This joy was compared to scientists creating a big discovery.
An idea that stood out to me what the fact that this article highlights the idea that money does not buy happiness, and this is shown very simply. Once the short term high of receiving money wore off, the users began not having fun with their work, and began using it less. Relating this article to what I learned about entrepreneurs in class, if your drive to work runs out, you begin losing a critical skill for entrepreneurs, which is determination and perseverance.
Back to Blog
June 1st 2022 | By: James HeskettThis article on the future of stakeholder management touched on what they are and how they have changed throughout history. They are still changing today as well, with new problems arising as fast as they are solved. Before reading this article, I thought that stakeholders and shareholders were the same thing, just different ways of saying it. This article taught me there is a difference, in that shareholder management prioritizes that its shareholders are heard clearly, while a stakeholder management many people have the same weight in decisions. Something surprising I learned was how hard it is to come to a consensus in a stakeholder company. The blog mentions how many people may have equal say, and this becomes a problem when trying to solve an issue. Multiple people with the same decisive weight might oppose each other. This is also a problem when a decision about a culture or race is made, as there will be an obvious divide if there is a negative side to the argument.
Back to Blog
17 JAN 2024| by Tim Gray The article created by Tim Gray shines a light upon the failings of larger companies. How many of them set climate goals in 2010 to reduce emissions by 2020, all while not fulfilling them. The article dives into how many of the companies that failed to reach their goals suffered from no repercussions from investors and the public, and swept the issue under the rug. This allows large companies to gain good publicity from announcing their goals, and then no nothing to meet them.
This new information for me is a reflection on the large corporations as a whole. They can create goals and profit off of the short term publicity and then no one cares enough when they fail. There should be repercussions to failing to meet the goals, and also be mandatory to share their progress. I can use this information in the future when making investments into companies. While large companies may not be gaining repercussions for their failings now, it doesn't mean they won't forever. when choosing to invest or not, I could look at their goals and wither they met them or not, and the truth to their words. This is not only a good idea for my sake, as if they were lying then my investment would suffer due to bad publicity, but also for investing in businesses I would like to see grow because of their eco friendly business practices.
Back to Blog
Digital Citizenship2/26/2024 What is digital citizenship? On google, they say that "Digital citizenship is the ability to navigate our digital environments in a way that's safe and responsible". Personally, I believe that digital citizenship is the ability to be conscious of you actions online, and to be knowledgeable about the consequences. With the sheer amount of people online, Digital Citizenship is becoming a very important part of life. Everyone online can have an opinion, and stay anonymous, but everything you post online is permanent. anonymous or not, there is still a chance of people fingering out that it's you. Being wary of online threats and problems is a very important part of Digital Citizenship.
|