Slowly Evolving Organizations Face Extinction

Entrepreneurship is a term that has reentered the public vernacular over the last few years, many times in reference to what is wrong with America but what it means is rarely defined. Furthermore, it is generally agreed that more Entrepreneurship is a desirable trait but how to go about encouraging it is again a point of contention. This paper will address a specific facet of entrepreneurship and attempt to discover what are the key drivers to foster an entrepreneurial spirit from childhood.

Growing organization move through 5 phases of development, each of which contains a relatively calm period of growth that ends with a management crisis. Each developmental phase is strongly influenced by the previous one. Thus by knowing an organization’s development history it is possible to be more prepared for the next developmental crisis. These crises can be used in order to achieve future growth.

Innovation strategies are critical to business success and longevity. They allow companies to remain competitive in current trends and set the pace for future trends. VIZIO is an organization that provides high definition entertainment options and unmatchable value through televisions and home theater systems. The idea that everyone deserves to own the latest technology is the foundation for their endeavors (About, 2011). This paper serves to describe and evaluate VIZIO’s innovation strategy. It will also provide

It is very clear that it takes more than great ideas in order to stay on top in the technology arena. Competition is never ending and sometimes a company can spend more time keeping the competition away then improving on their vision. The videos “Browser Wars” and “Search” conveyed that as young upstart companies worked to get their ideas out into the marketplace.

In order for other companies to hold market share in a competitive environment, they must continue to meet their target customers’ preferences with added value to maintain differentiation form direct competitor giants.

“You can innovate the promise you are making, you can innovate the products you deliver, or you can innovate with different communication channels in how and where you have dialogue with your customers around that product,” (McReynolds, 2012)

The book is for veterans, managers, executive leaders and striving entrepreneurs to teach their operatives how to be inventive, ground breaking and viable in a very completive industry. The vision of the author Blending extensive industry experience and real-world case studies with their academic expertise, the authors arm readers with the combination of the necessary tools to help them make better strategic decisions.

For example, the cell phones with key pads in today's world is useless because of the fact that they do not meet the change in demands of people. If a company producing these types of phone would have relaxed in the past, then it might have been possible that the company would have been obselete now. Nokia, once regarded as the world's biggest mobile manufacturer of cell phones, did not anticipate the change in their customer needs for a smart phone. Hence, other companies such as Samsung and Apple capitalized and today has a greater market share individually than Nokia. This proves that even if a final product is obtained, an enterprise should always work on to improve it to compete it with others in the

We’re fortunate to be living in the age of the technological gold rush. Every day, more and more individuals are leaving their jobs to either join or found their own tech start up or become a key member of one. Graduates are no longer waiting for employers to offer them jobs, they’re creating them, most importantly, and the new age entrepreneur is glorified through articles, shows and featured films. Simply put, it’s cool to be an entrepreneur.

Roughly one company in every ten is able to sustain the kind of growth that translates into an above-average increase in shareholder returns over more than a few years. Once a company’s core business has matured, the pursuit of new platforms for growth entails daunting risk — to put it simply, most companies just don’t know how to grow, and pursuing growth the wrong way can be worse than no growth at all. In The Innovator’s Dilemma, Clayton Christensen showed how companies that

Innovation is a key element of modern business. In a world full of modern industrialised nations it is essential for big business to innovate. Ed Rhodes and David Wield identify innovation as; "the implementation of new technologies" (Rhodes, E, 1994, page 79) for a firm to rise above its adversaries and create brand loyalty innovation is key. There are two fields of innovation, Ed Rhodes highlighted

The natural forces that bring companies together are dissipating in the communications and information technologies industries. Core competencies that form much of the force of economies of scope are becoming increasingly narrowed and specialized, leading us to industry fragmentation in the information revolution contrasting against the industry consolidation that accompanied the industrial revolution. If we look behind the curtain of public policy dressed in its diverse laws and regulations, we see less rather than more gravity drawing the communications industry into operational or financial consolidation. Neither vertical nor horizontal integration of communications-related businesses appears compellingly natural. The rate of technological advancements (and apparent lack of economies of scale that such behemoths as Bell Labs once enjoyed) allows industry giants to be toppled at unprecedented rates. Instead we see a growing value in cooperatively developed integrative standards that will marry such distant cousins as content to conduit, computing to transportation, appliance functionality to communications.

The rapid growth of Technological advancement poses great challenges for successful companies. It becomes difficult to remain successful while correctly responding to the demands of new generations. For a

Companies live and breathe innovation; or, at the terribly least, notice it basic to their success. Such companies are those that others ought to emulate for they recognize that to do business, as Peter Drucker prompt in an exceedingly recent Harvard Business review article, “Every firm—not simply businesses—needs one core competence: innovation.”

As much as entrepreneurial mindset is important for business success, it is also vital to understand the current level in each entrepreneurial community by identifying which factors are lacking that needs to be improved as a means to foster the success of entrepreneurs. The above statement relates with the fact that business success in the new economy is merely not a function of relevant skills; but requires people with entrepreneurial mindsets.