Innovation

Innovation means a young way of doing something (New Oxford guinea pig Dictionary, 2008, P. 103). Over time businessmen establish methods and techniques of management, distribution, promotion and marketing. These innovations overhaul for a given duration before they are overtaken by other innovations. An example of innovation is the fairly new innovation of Business Intelligence (BI). BI is a set of technologies and processes that interpolate mess at wholly levels of an organization to access and go data (Howson 2007, pp1-3).  This each(prenominal)ows for faster decision making as e veryone is sensitive of what is going on in the company, and above all has very accurate information.into outer space consume court trillions of dollars even they have so far yielded very elfin that quarter further the cause of humanity so far. many another(prenominal) organizations run into themselves in a situation where they invest so more than in the field of research which some times demises up revelation nothing. Innovation is as well as a high risk behave that is replete with accidents and incurable diseases open up by the ever inquiring nature of man. Allegations have been do that certain individuals must have performed experimented that bequeathed us with terrible problems in the past. Nuclear weapons caused damage to pack in the Second realness War which have transcended generations.

The Russian Kalashnikov cannot bear to look at his innovation the AK 47 for all the damages it has done to humanity. though he insists that he sole(prenominal) had good intentions, some said give thanks you and immediately gravel the gun to use for performing unwo rthy tasks. Innovations may also create d! isruptive technologies. This kind of engineering science disrupts the way people look at markets and frankincense create a new demand. This new demand disrupts the existing products in the market thus causing sudden falls in prices. The effect of this is many an(prenominal) companies with stocks that do no seem to move.  The end result is that companies cannot cargo area up since they produce a lot of redundant stuff that...If you want to get a full essay, order it on our website: OrderEssay.net

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