Friday, February 28, 2020

Entrepreneurship and Innovation Essay Example | Topics and Well Written Essays - 3000 words - 1

Entrepreneurship and Innovation - Essay Example The traditional definition classifies innovations into two differentiating them based on those from the laboratory and those on the market that enhance innovation. The management of the company also comprehends the other aspect of innovation that differentiates incremental innovation from path-breaking innovative mechanisms guided by the magnitude of originality besides the capacity to attain innovation standards. Simply, the company refers to this as the distinction between discontinuous and continuous innovation processes. Technology, science and innovation remain important factors that drive the economic success of the Republic of Korea. Companies in the Korea both domestic and Multinational Corporations continue to invest massively in development and research as well as put money in innovative techniques. Through this, the Republic of Korea succeeds in developing a precise innovation system that helps in maintain its economic growth. The management of the company in the article follows various strategies in enhancing innovation systems including applying a development strategy that appears outward, engaging large production oriented policy, and proper utilization of human resources among many more. These resources carry the strengths of the company as well as demonstrate particular weaknesses within the innovation system. Innovation is an important policy debate regarding ways of maintaining hitherto economic growth and development in many areas falling within the definition provided by demographic challenges, main fiscal challenges, and globalization of competition. This includes among others the emerging markets that Korea and Oman fall. The company focuses on innovation and gives little attention to imitation despite the fact that a close relationship exists between imitation and innovation procedures. A company considers imitation copying and comes with negative undertones (BASANT, 1996, 192). Innovation constitutes a virtuous

Tuesday, February 11, 2020

Unit 2 Discussion board Essay Example | Topics and Well Written Essays - 500 words

Unit 2 Discussion board - Essay Example In this assignment, I am going to discuss about the episode of Enron Company and how their leadership used power to commit one of the heinous corporate crimes in the history of the world besides discussing some of the ethical lapses being committed by the organizational of Enron as well as political leadership of the United States of America. The ENRON scandal started as an accounting scandal however behind there is a whole story of power corruption and misuse of resources and powers to conceal and misrepresent the facts. It was discovered that irregular accounting practices which can easily be characterized as fraud were adopted in order to cover up the declining performance of Enron throughout the 1990’s decade. The major players involved in this whole fraudulent activity included not only the top management of the Enron specially Mr. Kenneth Lay, the CEO of the company and Mr. Jeffery Skilling but major role was also played by Enron’s auditors i.e. Arthur Anderson. The creative accounting behind this whole episode was crafted by opening special purpose entities or limited partnerships which Enron controlled. Resultantly all debts and losses that it suffered were transferred to these SPEs and were not appeared on the financial statements of the Enron. With the help of these SPEs Enron not only got the fre edom to move the currency besides having full anonymity which basically helped them to hide the losses it suffered by dumping them into the financial statements of these Special Purpose Entities Apart from being the involvement of the top executives of the company there were reports which suggested the involvement of the Clinton administration during the 1990s era. (Smith, 2002). Not only the involvement of ENRON into concealing the facts, it was also believed that ENRON executives exceeded their original mandate to involve the company into Political affairs even