any significant advancement in entrepreneurship and innovation, creativity technology you can think of?
that is, technology that aids, accelerates, facilitates, etc entrepreneurship, innovation, creativity.
From my perspective really significant advancements are 1) the rise of new possibilities to better understand and test business ideas and related risks early and cheap; 2) harnessing creativity through virtual collaboration; 3) collaborative product and service development with customers through better feedback channels (i.e., real-time observation of customer behavior changed product development significantly); 4) new investment models based on risk assessments. There are many more advancements. The whole field of entrepreneurship and innovation significantly changed in the last 10 years.
https://www.leuphana.de/fileadmin/user_upload/Aktuell/images/Startseitenbeitraege/2015/FINAL_OECD_Luneburg_exec_sum_20150706.pdf
This innovation incubator project can serve as an example.
From my perspective really significant advancements are 1) the rise of new possibilities to better understand and test business ideas and related risks early and cheap; 2) harnessing creativity through virtual collaboration; 3) collaborative product and service development with customers through better feedback channels (i.e., real-time observation of customer behavior changed product development significantly); 4) new investment models based on risk assessments. There are many more advancements. The whole field of entrepreneurship and innovation significantly changed in the last 10 years.
One can test the design of AI-based mentoring in organisations as offine mentoring is not very effective. The mentee can select the mentor on the basis of competencies/skills he/she wants to acquire. a drop down menu for skills can be designed.
Innovation is widely regarded as one of the most important sources of competitive advantage in an increasingly changing business environment, because it leads to product and process improvements, makes continuous advances that helps entrepreneurs to survive, allows them to grow more quickly, be more efficient, and ultimately be more profitable than non-innovators (Sarvan, et all, 2013). Thus, advancements in innovation has an effect on business revenue growth.
I don't think SMEs can benefit much from technology as their resources are very limited. Their practices are more human based than technology based. Therefore relating to SMEs it's better to speak about intellectual capital than technology as humans can be creative and creativity comes from knowledge. Technology in SMEs can only help spread the knowledge.
@Brikene, what then about tech SMEs. I know a number of SMEs that focus on technology as differentiator, even if it is merely adopting technology.
I would agree that not all SMEs heavily invest in technology development (radical innovation), but this does not imply they dont use, incorporate or build on technology.
I also dont see how it is possible to separate knowledge, a knowledge economy, human capital and technology.
Also, the question is about the technology of/ for entrepreneurship and innovation in general - generally and readily available. As the answers indicate, there exist technology to aid and accelerate entrepreneurship and innovation.
I think even CAD or the internet may be regarded as examples of entrepreneurship and innovation technology - technology that aids entrepreneurship and innovation.
Haas School at Berkeley is doing interesting testing of AI-based systems to predict entrepreneurial startups. Funded by Bloomberg..”Predicting who will start a company “— Medium Bloomberg
In my opinion, o e interesting front in which is evolving innovation is in the understanding of uncertainty along the whole innovation process, including uncertainties about new products launching.
What I found helpful regarding methodologies is the Innovation Maze apporach from Gijs van Wulfen. You have 4 cardinal starting points to get to a business case:
A) A Customer Issue
B) A New Technology
C) A Business Challenge
D) A New Idea
http://innovationexcellence.com/wp-content/uploads/2016/07/The-Innovation-Maze-Gijs-van-Wulfen.jpg
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