Reflection
NOW ASK YOURSELF THE FOLLOWING QUESTIONS ABOUT THE ABOVE:
1. What happens if you never innovate?
2. Where do the innovations come from to begin with?
3. How does an organization know which innovation is the right one for it to exploit?
4. Why is it so difficult to recognize the potential of an innovation?
5. Once an organization has recognized the potential of an innovation, what is the best way to adopt it?
6. How can an organization finance the innovation?
7. Can an organization control its local environment through innovation?
8. Can innovation be radical in the organizational sense and yet be incremental in the economic sense? How about vice versa? Give some examples.
9. Are some regions or nations better environment for innovation than others and why?
10. What is the best globalisation strategy for innovation?
11. What is the role of national governments in innovation?
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