ENTR 810 M2 Disuccion Reflection Assignment

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Pennsylvania State University *

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Economics

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Apr 3, 2024

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Genae Welsh-Wiggins Dr. C. Wade Sheen ENTR 8210 Reflection Assignment
Innovation is not only the way of thinking but also the way of life. The Industrial Revolution will not wait on anyone; rapid growth is what I need to become accustomed to. I ask myself “How can I bring my entrepreneurial innovations to my company/role, work, and life?” Innovations are categorized as incremental, breakthrough, or radical, but it is up to me to deliver the innovation that would best fit the market I’m aiming for. I can utilize “ The APQC Process Classification Framework” or Henry Chesbrough’s “Open Innovation Paradigm” theory to influence and develop my theory to shape my organization. The APQC Process Classification Framework demonstrates the efficient act of turning complexity into simplicity. This simple definition roams through my thoughts. I want to reverse our complex applications/designs into a simpler form that will not destroy the company but place us in a market that will continuously provide revenue-driven results. This transparent tracking device will keep me organized, map my process, and gain a sense of control. At the same time, I’m strategically thinking “How can I apply strategic planning to my role?” I can address my theory by explaining my organized thought process, what my focus is, and extending this information to the functional teams. Chesbrough’s Open Innovation Model theory assumes firms should use external ideas as well as internal ideas, and internal and external paths to market as they look to advance their technology. Of course, some innovations can potentially be disruptive and not perfect for the market, but the question is “How can I apply them to my life?” Not only am I an entrepreneur and innovator, but I am also a consumer. A disruptive framework may not always be considered negative, it can be positive by providing an enhanced progress performance that is suitable for consumers. Disruptive framework can portray as a threat but what’s a threat without a critical competitive challenge? As a consumer, I must think “How will this disruptive innovation create value in my everyday life?” I’m fresh in my professional career and need to adapt to new methodological
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