Entreprenuership Charles & Keith

The intended audience for this piece of writing is struggling entrepreneurs. These employers or owners can belong to either big business or

Innovation and innovation strategies are critical to keeping companies competitive in their chosen fields of endeavor. Consumers benefit significantly from the availability of and access to the latest in technology. This paper

Discuss how the reading material from your textbook aligns with the issues presented in the videos. (1-2 paragraphs)

The entrepreneur I chose and researched is Mr. Elon musk who is a Canadian- American serial entrepreneur, Pioneered some all-time great state of the art companies like Paypal (Worldwide online payment system – sold to eBay in 2002), SpaceX (Aerospace manufacturer and transport company), SolarCity (Energy solution provider), OpenAI (NFP AI research company) and Tesla Motors (Electric (cell powered) automobile manufacturer) conceptualized brilliant ideas like Hyperloop (High speed transportation system) and proposed a VTOL supersonic jet aircraft which he named Musk electric jet.

Explore how and why events occurred, decisions were made, and actions were taken or not.

As it turns out, interviewing people who have lost their jobs over the years has yielded information stating that most people do see their job loss as a serious problem when it first occurs. However, as time goes on and they get over the initial shock, they begin to realize that there are many opportunities they can consider (Taylor, 2004). That can turn their tragedy into a blessing. People start their own businesses, and they focus on

For this assignment, you will research the innovation architecture of at least three companies that are well-known for successfully supporting a culture of innovation. Write a 1,500-word paper that addresses the following:

3.How these strategies are related the performance of these companies over time? Why? What is going on in terms of industry competition and markets that makes one strategy outperform the other at any point in time?

I took my journey to NoJo kicks in Detroit in order to find out what was driving the people who were running the store. When I went, I spoke to Pete Beletskiy, who founded NoJo, and named it after his two sons, Noah and Jordan. I asked Pete what had driven him to open the store, and he said it was his son that had led him to open up shop, stating “My son Noah had always been into shoes, buying and selling online. I saw how much money he was making and how successful he was, and I decided to take this a step further. I started looking into the idea of opening up a luxury sneaker shop, and decided it would be the smart move to open up shop in the heart of the city.” As excited as I was to take my journey to NoJo, it ended up pretty flat for me. I was disappointed to find out that the owner of the shop was simply just doing it to make money and was only inspired by his son to open up shop. He was not very interested in sneakers himself, but saw it as an easy business opportunity and took advantage when given the chance.

The company: Just For Feet, Inc., headquartered in Birmingham, Alabama, was a superstore retailer specializing in brand-name athletic and outdoor footwear and also carried a selection of sports related attire. Just For Feet, Inc., was incorporated in 1977 and was listed on the NASDAQ after its IPO in 1994. The management of the Company was very tightly controlled by founder and CEO Harold Ruttenberg, a South African by origin who shifted to USA in 1970s, and oversaw the rapid expansion of the shoe store chain since the first superstore was opened in 1988. It initially started with the concept of “Super Stores” and grew rapidly till the mid-1990s and then, through acquisitions, also entered the space of “Smaller Stores”

A 2011 article from MIT Technology Review, "Four Principles for Crafting Your Innovation Strategy” (by Paul B. Carroll and Chunka Mui),

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

Thesis Statement: The economy is for ever changing toward what has control of demands, the environment of entrepreneurship is high on the charts, however the small business are surviving equally with the large businesses.

| ST Strategies: * Make innovations for being over the potential competitors. * Use their financial position for acquire new technology.

Mr Charles Wong, the managing director of Charles & Keith International Pte Ltd, together with his younger brother, Mr Keith Wong, founded the fashionable brand field in 1996, mainly targeting on the ladies footwear and accessories.