Kansas City Star Innovation Research Paper

The major threats that we can discern is the fact that the technology is revolutionary in itself and that those types of technological advances are most of the time adopted by early visionaries. Furthermore explaining the technology to potential clients can become a challenge because the clients themselves don’t know what they are looking for and might also not be willing to consider the expenditures involved in such a project.

Alongside the entrepreneur spirit, Innovation is the process of taking new ideas and implementing them into the market. Key word being “new”, an innovation can be sometimes viewed as the application to better solutions that meet new demand-requirements, inarticulated needs or existing market needs. Innovative ideas range from: goods, services, products, processes, services, technologies or ideas that create value for which customers will pay for. For an idea to be an innovation, it must be replicable at an economical cost and must satisfy a specific need. This means is that one must be ready and willing put their new idea to the test. On the other hand, there is recognition that “innovation is also critical to cultural, environmental, social, and artistic progress as well” (Bullinger, 2006). With this stated, high-tech innovation is ultimately the reason why we can be thankful for the many new conveniences of the 21st century. Although we might see the forefront of innovation being very prominent in today’s world, innovation is truly nothing new. From the start of modern man times, innovative ideas have paved the way for civilization to advance and develop into what we are today and at the same time, we have barely begin to chip away at the tip of the iceberg of our true human potential. Some scholars believe that innovation is a

Kansas City is the largest city in the state of Missouri. It is also the 6th largest city in the Midwest. As of 2015, the city had around 475,000 residents and was the 36th largest city in the nation. Kansas City straddles the Kansas-Missouri border and a portion of the city lies in the state of Kansas as well.

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

Innovation is a cornerstone for any organization aspiring to set their visions high. The accentuation of an enterprise that needs to develop technology expeditiously would be: advertisement insights, analysing major trends and the need of a flair for professionalism which often brings us to crowdsourcing alternatives. "Innovation is: production or adoption, assimilation, and exploitation of a value-added novelty in economic and social spheres; renewal and enlargement of products, services, and markets; development of new methods of production; and establishment of new management systems. It is both a process and an outcome." (Edison & Torkar, 2013)

Invention is the result of a long study, research, and experimentation (Innovation, n.d.); Innovation is “the discovery and the execution of pioneering ideas that create value” (Greco, 2011), in other words, new application of known concepts. A practical example of invention is the alkaline battery that provided a light-weight, small, and portable power source; innovation applied this concept to anything possible from communication devises, mecanich and construction tools, and even toys. Technical workstream leaders understand that innovators are today’s competitors reducing times, and maximazing profits with new techniques; but inventors have the potential to reshape the landscape of today’s markets leaving dominant companies out of bussiness. Who remembers door-to-door salesmen or “dear John”

Closed innovation implies that companies try to develop new products and processes based on the idea that the company itself has the best possible knowledge and resources for innovation. (CHRESBROUGH, 2003 p228)

Every day people create innovations because they are never satisfied with their current lives and they strive for improvements. How a person goes about achieving that goal determines the outcome. If a person is sagacious and pragmatic, they will be successful. Consequently, if a person is impractical and does everything without thinking, the outcome could be detrimental. Mary Shelley’s main protagonist, Victor Frankenstein, in Frankenstein, David Gow from Geoff Brumfiel’s article “Replaceable You”, and Dr. Rosen from his interview, “Dr. Daedalus” for Harper’s Magazine all feel they could create something that enhances the world.

Comcast brushed away its main competitor by purchasing a greater share of Time Warner. The major failures of Kodak were majorly because it failed to embrace and market new technologies for fear of hurting and damaging the company’s lucrative business in the film production at a time when new digital products were being reshaped. Management in the Kodak Company did not fully grasp how the world was gradually reshaping and therefore could not remain in the industry. They still hung on to old -fashioned technologies and assumptions how, where and who took the pictures. Large companies in the media industry should learn to embrace new trends that are appealing to the consumers’ tastes and preferences. The la carte approach is one example of such a new technology and program that should be embraced by all media companies (Einstein,

Further methods of keeping readers attached to the paper included the introduction of the two hotlines that served to the queries of readers.

Initiated in 1995 by Bower Christensen, The disruptive innovation was improved by Christensen in 1997 from his book “Innovators dilemma” wherein questioning why vast corporations follow innovation through conventional marketing by not focusing on the needs and wants of consumers but the want of the company to sell such specific goods in the market. (Corsi and Di Minin 2014)

company and the industry is based on trends that are constantly changing to the next big hit.  The

Jim Collins and his research team of 20 compared and contrasted how many companies made the leap to greatness and how other companies didn’t. Based on bundles of evidence and a large quantity of data, he and his team uncovered how

technology without moving away from the company's core values. Whilst there are many other competitors in the

Tidd and Bessant (2009) argued that “Unless an organization is able to move into further innovation, it risks being left behind as others take the lead in changing their offerings, their operational processes or the underlying models that drive their business”.