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Socratic Skill Builder #5 [100 points] – upload as .docx file; do not include questions, only answers
(Due Sunday August 14th by 11:59pm)
Question #1 – Innovation/Invention (answer a minimum of 100 words for this question): A common misconception and root of confusion in the discussion of innovation, is the distinction between invention and innovation. Many argue that innovation is invention taken to the marketplace and accepted. Explain in your own words the difference between invention and innovation – and explain how you might deal with an inventor that believes they want to become an entrepreneur. How would you deal with that person, toward what resources would you point them, how would you explain the difference between them as an inventor, and an entrepreneur?
Question #2 – Innovator’s Dilemma (Student must write 100 words minimum for the entire question, which includes #2A and #2B and #2C and #2D. Penalties will be assessed if student fails to answer #2A and #2B and #2C and #2D)
Sub-Question #2A: Describe Christenson’s idea of “Innovator’s Dilemma,” and then describe his idea of “Innovator’s solution.” Do you agree with these two concepts (why or why not)?
Sub-Question #2B: How might you (or any entrepreneur or manager) benefit by thoroughly understanding these two concepts?
Sub-Question #2C: How does innovation relate to creativity?
Sub-Question #2D: How does innovation and creativity apply to entrepreneurship and new venture creation?
Question #3 – Innovator’s DNA (Student must write 100 words minimum for the entire question, which includes #3A and #3B and #3C and #3D. Penalties will be assessed if student fails to answer #3A and #3B and #3C and #3D)
Sub-Question #3A: Explain the main idea behind the Innovator’s DNA and how you might apply it to your current organization, or to a new venture you might start?
Sub-Question #3B: Do you believe you can find/hire innovative people?
Sub-Question #3C: Do you think hiring innovative people is wise?
Sub-Question #3D : Do you believe you can actually become more innovative, or teach your employees to be more innovative; and how?
Question #4 – Corporate DNA (answer a minimum of 100 words for this question): Describe the idea of Corporate DNA and how it applies to entrepreneurship. How can an entrepreneur identify or mold his new venture’s DNA? How might an entrepreneur change the firm’s Corporate DNA to improve the firm (either in performance, or otherwise)?
Question #5 – Nature of Work (answer a minimum of 100 words for this question): Reflect on your own experiences and describe how the nature of work has changed thus far in your lifetime (your own experience, the experiences of your parents and older friends). Has work become better or worse, and why (explain)? What technologies have led the changes, and how?
Question #6 – Future/Technology(Student must write 100 words minimum for the entire question, which includes #6A and #6B and #6C and #6D. Penalties will be assessed if student #6A and #6B and #6C and #6D)
Sub-Question #6A: Describe the workplace of the future. Again, in your own words, based on your experience, training, knowledge, and the materials presented in this course?
Sub-Question #6B: Describe, in your own opinion (based on experience, training, knowledge, and the materials assigned this week and in this course) how will technology impact the nature of work in the coming three decades?
Sub-Question #6C: What can you (this means you personally – in your job or career – or work plans) do to prepare for these changes; and more importantly, how can you exploit these changes (to leverage wealth, your career, etc.)?
Sub-Question #6D: How will the changes in the workplace impact entrepreneurs hiring employees, trying to make a profit, and trying to train and retain good employees?
Question #7 – Course Feedback (answer a minimum of 100 words for this question: Take a moment and reflect back on this MADM751 course. Provide feedback as to what worked for you, and make suggestions for future classes. How can the course be changed to provide a better learning experience for our MBA students in the future? I truly want your feedback; please help me improve this course.
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