Approaches in Technology Entrepreneurship: Dilemmas and Choices – Bricolage Versus Breakthrough

As the global supply of fossil fuels becomes steadily lower, need is growing for new energy sources that are beneficial to the environment and cost-effective. Wind power is one solution to this need. Wind turbines require significant investment, but are cost-efficient in the long term. If construction of turbines is sufficiently increased, the wind may be able to in the future provide a very major portion of global energy.

Imagine getting free electricity, or electrical company’s paying you instead of you paying them, today’s windmills just might make this possible. Windmills dating back as far as the 1400’s have been used to turn wind into useable energy for grinding and pumping. Today’s windmills turn turbines to make electricity. They are popping up all over the United States, but the United States is way behind other countries in the development of wind energy. Countries like Denmark, Germany and the United Kingdom are investing billions of dollars into wind energy, including off shore wind farms. Germany is holding the top spot in the production of wind-generated electricity. Denmark, being one of the smaller countries in Europe, produces twenty percent

In this essay I will describe and explain the causes and consequences of disruptive innovation. Firstly I will write about what dualism is, why it is important and how to achieve it. I will continue with describing difficulties, which may occur on a company’s path towards it, namely overshooting and inability to recognize the start of a new industry cycle. Further on, I will go deeper in the reasons, why incumbents fail to recognize the new entrants on the market, specifically “attack from below” and other discontinuous patterns of change. In the end I will describe some of the responses taken by established companies to disruptive technologies.

Incremental innovations are small modifications process and products that already exists Incremental innovations often go unnoticed but they can accumulate over a period of time. Radical innovations are sporadic events that have the ability to drastically change a process or a product. To have a pervasive effect in the economic system a collection of innovations is needed. Changes of technology system are widespread and they impact different parts of the economy in addition to the creation of new sectors. Changes in the techno-economic paradigm: are massive changes that are represented in new systems of

During the past nine weeks, you were exposed to a variety of perspectives on innovation via case studies and a collection of readings. You analyzed company after company and situation after situation that

Europe has been the vanguard of innovation and novelty in offshore wind. In Denmark, the very first project of offshore wind was established in 1991. Despite its present non-existence of noteworthy offshore capacity, the U.S. also has plans for the improvement of offshore wind power of the Atlantic coast.

Tidd et al (2000) states, “the innovation is a business process of revolving opportunity into new ideas and of putting these into widely used practice. In term of the nature, there are five major types of innovations: novelty, competence shifting, complexity, robust design and continuous improvement. While in term of the extent of change, innovations can be divided into incremental, radical and

In the past decade, the world and the markets alike have experienced rapid change and this change continues at an ever increasing pace. New products emerge in every field resulting in the creation of needs; people have never been aware or thought of. According to Hamel (2000), “the latitude of innovation has never been broader –if only our minds can stretch to it”.

Deal, 2010, ‘Wind Power: An Emerging Energy Resource’, Technology and Engineering Teacher, pp. 9-15, viewed on September 12, 2011, retrieved from: http://search.proquest.com/docview/853062621/fulltextPDF/13255EC175479D10C7A/1?accountid=42518

To keep the system in balance the company have developed “energy matching technology” that matches demand and supply every 30 minutes with Good Energy providing additional 100% renewable power or buying surplus power if required. Good Energy also provides Piclo with assistance with billing and meeting regulatory requirements.

These technologies grow and develop within the company over time, and are utilized in successive products. The collective body of the company's technology experience broadens with the emergence of every new product. This broadened experience has turned out to be the base for appraising the "incremental newness" of the technology personified in the subsequent new product.

Innovation placement of a good or service into the market that patrons can buy (Pearce & Robinson, 2011, p. 371). There are 2 types of innovation that a firm can experience which include incremental and breakthrough. It’s important of organizations and leaders to aware of the associated differences and risks involved as one fuels the other. The following essay will discuss the aforementioned characteristics.

Businesses of various size and scale are leveraging new technologies and innovative ideas in their operations to gain competitive advantage, add value and remain viable in the 21st Century. Integrating new ideas and creating change to existing business models involves careful planning with temporary projects formed to initiate the changes. While corporate leaders and entrepreneurs focus on the directives of the business, the tasks of overseeing the planning of these temporary projects from inception to completion is given to designated project managers. Components of projects are: (a) they have an objective; (b) have a beginning and end; (c) involve multiple departments and professionals; (d) have never been done before; (e) account for time, cost and performance. (Gray & Larson, 2014). The purpose of this paper is to introduce this writer’s project proposal that will bridge the business’s existing reporting tool to enable multiple users and departments across different business functions to access the same reports. From this point on, the project will be referred as Project Bridge. Project Bridge consists of a system enhancement that integrates business functions in a reporting tool that will allow faster reporting, provide more efficiency, and have capability to report sales volume by location. This writer will enact the role of Project Manager for Delectable Desserts, a mid-size business that specializes in manufacturing dessert products for restaurants. In this

Innovation technology has become a prerequisite for success in many industries over the last 20 years. This is especially true in the management consulting industry (Thomas, 1978), which continues to differentiate itself from “product-oriented” industries through the implementation of people analytics. One business that has taken the consulting industry by storm is Deloitte Consulting LLP, a New York based subsidiary of Deloitte LLP and a member of the UK private corporation DTTL (About Deloitte). While the subsidiaries of Deloitte LLP provide several services to a number of different industries, Consulting is one of their most profitable arenas. It is not only the world’s largest management consulting firm, but it is also ranked among the

Every invention is faced by challenges and opportunities, which need to be taken into consideration. Innovation doesn’t only look at having an idea but solving a solution to a problem and adapting ideas, which have already existed. “Innovation is the specific tool for entrepreneurs, the means by which they exploit change as an opportunity for a different business or service”. (Joe Tidd, 1997)