------------------------------------------------- Interactive Value Creation ------------------------------------------------- CASE 1: InnoCentive: The Idea of Crowdsourcing Pre-Assignment: 1. Why would firms use InnoCentive´s service to solve scientific and technical problems? * First, a seeker typically comes to InnoCentive because it has not been able to solve a problem on its own. * The Use of InnoCentive may lead to Bigger breakthroughs/increases the potential of innovations * Organizations can tap into the diversity of the InnoCentive Marketplace to find gifted individuals they would never otherwise identify. * The pool of potential participant-solvers is quite broad including many people …show more content…
* The solution will only be seen by InnoCentive and the company that post the challenge. * Solvers who submit solutions just grant Seekers a temporary license to perform the necessary evaluation. * Seekers give up any rights to use in any future work the information provided in the submission of a solution that was not accepted. * A Solver whose solution was accepted received the pre-announced reward and transferred all IP rights to the Seeker * (Solvers who were employees of other companies were asked, before the transfer took place, to provide a signed employee waiver.) * (IC´s rate of successful IP transfer exceeded 99% in and out of more than 60 countries.) * Network effects: * Advertising yourself * Maybe new job opportunities * Contented companies maybe will ask for a job assignment 3. What kinds of problems are appropriate for Broadcast Search? * Publishing openly valuable R&D issues * One of the major concerns for companies involved in R&D is that if they openly invite contribution from a larger number of external partners; their competitors would come to know the next products on which they are working – leading to a competitive disadvantage. * InnoCentive, to a certain extent, relieves this concern by providing an option of
10. Visit the website for a large bank or credit card company, and learn about a type of credit card being offered by the company. Describe at least four features of the card and where you got this information. (3-6 sentences. 2.0 points)
As already discussed in Section 1, business productivity and change cannot occur without effecting people’s psychology to effect change. I initially felt that supervision would be fundamental to addressing and identify issues to allow reflection to plan a way forward to address issues, such as, performance management, productivity, effectiveness and understanding the views of the individuals to effect and improve individuals and team goals, and linking this to the business plan. This approach I
The environment theory of nursing is a patient-care theory. The delivery of patient centered care is the best delivery of care a patient can receive. Applying Nightingales environmental care theory of manipulation of the patient environment can affect the patient and assist in the delivery of quality of care. The concept of a clean patient environment has an effect on the patient’s recovery and the prevention of spread of diseases (Harvard Libraries, 2012). Using Florence Nightingales environmental theory and concepts will give a
There are many external and internal factors that impact the planning functions of management. We must all be mindful of these factors because they could have an enormous impact on organizations productivity. The process of assessing the external and internal factors that an organization will face can be vital to the planning function of management. One must determine a set of issues and constraints and then list the assumptions that will impact the implementation of the plan. The environmental assessment develops understanding of external and internal processes that influence the organizations success rate. The purpose of the environmental assessment is to identify and analyze the key trends, forces,
In Of Mice and Men, our main characters encounter many different people with different abilities. These attributes directly contribute to their position on the ranch’s social ladder and differentiates one from another. As an
Within a community, there are differences among the individuals, both subtle and obvious. Emphasizing the differences in intellectual ability, the definition of the genius is a person of great individual talent and ability that far exceeds that of their peers. In that context, the genius comes from all walks of life, yet, inevitably, becomes conflicted with issue of identification. The genius is simply unlike his or her peers, yet desires to identify with their community. In this, the puzzle and conundrum that is the genius is revealed. Focusing on the lower class, a person of great and immense intellect is born into a community where their peers cannot fathom the depths of the individual’s genius. Because the community cannot offer
Our story begins when Reynie Muldoon an eleven year old boy living at Stonestown Orphanage discovers an ad in the news paper for all gifted children for special opportunities. Reynie goes to take the test finding it to be strange with how it's presented and performed. Along the way he meets George “Sticky” Washington a timid boy with a photographic memory. Kate Wetherall a very resourceful and physically capable girl. Constance Contraire a diminutive girl with a defiant personality. At the end of the test he meets Mr. Benedict the divisor of the test and his right hand men Number Two and Rhonda Kazembe. Mr. Benedict explains how there are secret cryptic messages plaguing the world through tv, radio, and the media. These messages are infrequent
Problem solving is a universal process that allows us to make decisions on everything from what to eat and what to wear. These steps contain the necessary knowledge that has been constructed through previous life experiences. Without sufficient experience the supports designed to strengthen our choices are weakened ending in the ultimate failure of the problem.
Our assignment is to create and promote an innovative product. In developing a new product, we started with an idea generation. This is a systematic search for new-product ideas. Companies go through many ideas before they come to find some good ones. We had to do the same thing. We thought of many ideas on our own. It was more of an internal idea source as opposed to going outside of our partnership for ideas. Our first idea was a restaurant with half of it an actual restaurant and the other half an automobile tuner shop. The next idea was a new energy drink that would be less costly and better tasting. Our next idea came up when we were sitting
A. Given the nature and demands of technology cycles and innovation streams, identify the two
Explain and critically analyze unique traits of an Entrepreneur, discuss these related to personal strengths and weaknesses
Johannes Gutenberg, a creator of the Renaissance, invented one of the greatest devices of all time, the printing press. Gutenberg was born in 1398 in Mainz, Germany to his parents, Friele and Else Gensfliesch. He also had two brothers. Not many people during Gutenberg’s time could read. But he was determined to be able to read. The only books back then were written by hand by monks and were very hard to come by. These books were also very expensive and would take a couple months to make. Because of this inconvenience, all books were preordered ahead of time so that the monks could have enough time to write them and get them to the person buying them when they needed the book. Gutenberg had a few other jobs before he became an
At the final week of Innovation & Enterprise I EE3031 module, I finally learned the process of conceptualizing and designing a product which involves technology. Leadership, teamwork and communication should be part of education as it not only enhances interpersonal skills but real life skills. In addition, presenting to an audience was key to gaining interest for a new development product.
Diabetes is a systemic disease caused by a decrease in the secretion of insulin or reduced sensitivity or responsiveness to insulin by target tissue. (Beale, et al., 2011) The incidence of diabetes is growing rapidly in the United States and worldwide. An estimated 347 million people around the world are afflicted with diabetes. (Whalen, et al., 2012) According to World Health Organization (WHO), Diabetes prevalence among adults over 18 years of age has risen from 4.7% in 1980 to 8.5% in 2014. It is the major cause of blindness, kidney failure, heart attack, stroke and limbic amputation. World Health Organization (WHO) projects that diabetes will be the 7th leading cause of death in 2030. It is a complex and costly disease that can affect nearly every organ in the body and result in devastating consequences. The leading cause of non-traumatic lower extremity amputations, renal failure, and blindness in working-age adults, diabetes is also a major cause of premature mortality, stroke, cardiovascular disease, peripheral vascular disease, congenital malformations, perinatal mortality, and disability. (Cefalu, 2000) Insulin therapy and oral hypoglycemic agents have demonstrated improvement in glycaemic control. However, Insulin therapy has some disadvantages such as ineffectiveness following oral administration, short shelf life, of the need for constant refrigeration, and fatal hypoglycaemia, in the event of excess dosage.