Week 10 Discussion Board

Week 10 Discussion Board

Strategic Entrepreneurship and then respond to the following:

· Analyze the different approaches to innovation discussed in this chapter to determine which approach you think would be the greatest value to the greatest number of organizations. Explain your rationale.

· Create one innovative approach that is not discussed in the textbook for increasing the amount of innovation within a large company. Describe this approach in detail and explain how companies could benefit from it.

Solution Preview

Approaches to Innovation

There are different means through which an entrepreneurship program could develop innovation programs. In particular, the use of innovation spaces is one of the approaches to innovation in different firms in which case the firms provide an avenue for different stakeholders to interact and develop ideas on how to invest in solutions to the problems. This approach is especially beneficial to the companies since the management and teams involved in the innovative processes are often interacting, which makes it possible to tailor the innovation to the current needs of the company.

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