Analyze Entrepreneurship and Sustainability Innovation
“For too long, information, opportunities, and resources have been constraints, they need to be the bridges.” ― Sharad Vivek Sagar
In this module, we address the entrepreneurial process and introduce the concepts of systems thinking and molecular thinking. These concepts delve into the nature of products and services – the repercussions of the use of a product, the sources of the materials that compose them and the after-use of these materials.
The entrepreneurial process is increasingly one that relies on collaboration and on the establishment of network relationships that extend beyond the traditional system of suppliers, users and competitors with which a company may be familiar and have strong ties. Incorporating sustainability considerations into business requires reaching out beyond conventional sources of business information. Truly creative thinking may be inspired by including individuals who are open to change.
Readings:
· Read chapter 4 in the text.
Also of Interest:
· Granovetter, M. (1973). The strength of weak ties. American Journal of Sociology 78(6). 1360–80.
· Hartmann, D. & Trott, P. (2009). Why “open innovation” is old wine in new bottles. International Journal of Innovation Management, 13 (4), 715–736.
· Chesbrough, H. (2003). Open Innovation: The new imperative for creating and profiting from technology. Boston: Harvard Business School Press. ISBN 978-1578518371.
Assignment:
Assignment 2: Prepare the parts of the business plan that address the hours of operation and the production process along with employee health and safety.
TEXTBOOK:
https://open.umn.edu/opentextbooks/BookDetail.aspx?bookId=39
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