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Technological Innovation: Women Versus Men and Entrepreneurship
Innovation is often explained in technical terms-tangible products or processes that result from technological development-there has been a preoccupation with rational, analytical innovation models. However, a number of industrial studies have shown that for a technological innovation to succeed three important people involved and seven important conditions to satisfy. The combination of these people and conditions satisfies the need for creativity and implementation. The three key people are:
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The Chinese Entrepreneurship, Innovation and Globalization
China, in Asia, is a country, which is developing rapidly and creating hurdles and challenges for developed countries. After 1976 the Chinese people took more interest in improving their economical condition. It’s only due to their firm faith, struggle, and hard work. Good decisions make a nation lucky and the same case was with china. One important decision was made in 1980 and it was about to create several Special Economic Zones (SEZs) in China. This step made the customer and the international businessmen more close to China. The center was down south, which compel the British government to invest in this scheme because it was just across the Hong-Kong border. Every country of the world took her part and invests in Shenzhen. In a rough calculation over U.S.$60 billion were invested in china at that time. Because it was a center which attracted the not only businessmen but also customers to come and visit. It was first time in history that a tiny city became popular within short period of time. People with different ages, now, working there and earning money. They are spending a prosperous life. They spend most of their time in work. In a survey it was estimated that approximately 12 million Chinese have been moved to Shenzhen. China sends thousands of youngsters in United States for study and technical education.
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Invention, Innovation and Entrepreneurship
In this work I will explore the importance of innovation and the creative endeavor in Asia that leads to entrepreneurship. We also discuss how entrepreneurship develops new ideas and, from heir ideas, establish new enterprises that add value to Asian society.
If creativity is the seed that inspires entrepreneurship, innovation is the process of entrepreneurship. Enterpreneurers are often thought to be “inspired” people, and perhaps they are, but more important, they often recognize changes and opportunities that can result from a dynamic world. Innovation is an important factor of entrepreneurship for every leader. It is defined as the process of doing new things. Therefore, it is often the active translation of a creative idea into a new product, service, or technology. Drukers writes that “innovation…is the means by which the entrepreneur either creates new wealth-producing resources or endows existing resources with enhanced potential for creating wealth.”
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