Innovation, Value Creation, and Entrepreneurship by Opportunity

2020 ◽  
pp. 43-63
Author(s):  
María-Soledad Castaño-Martínez
Keyword(s):  
Human Capital ◽  
Research And Development ◽  
Technological Change ◽  
Value Creation ◽  
New Products ◽  
Financial Resources ◽  
Goods And Services ◽  
Business Opportunities ◽  
New Business ◽  
Business Regulations

Technological progress is one of the main generators of increases in the production economy, involving the introduction of new products which, in turn, allows companies that carry out innovative actions to survive in the market. According to Schumpeter, innovation is an important source of value creation, improving growth in companies and economy. Thus, entrepreneurs introducing innovations in the market to take advantage of new business opportunities increase value creation, understood as the actions implemented to increase the value of goods and services created by enterprises. Likewise, the exploitation of these new opportunities that arises thanks to technological change are also largely conditioned by entrepreneurs' human capital, availability of financial resources, investment in research and development activities, expectations, and efficient business regulations.

Using Government Performance Management Data to Identify New Business Opportunities: Examples from Government Services Outsourcing in the United States

2004 ◽  
Vol 70 (1) ◽  
pp. 65-76 ◽  
Author(s):  
Lawrence L. Martin ◽  
Karun K. Singh
Keyword(s):  
Private Sector ◽  
Performance Management ◽  
The United States ◽  
Government Performance ◽  
Goods And Services ◽  
Performance Budgeting ◽  
The World ◽  
Business Opportunities ◽  
New Business ◽  
And Performance

This article describes how the private sector can utilize government performance management data to identify business opportunities. Governments around the world today are making increased use of outsourcing, performance management and performance budgeting. Utilizing readily available data that can often be accessed via the World Wide Web, private sector businesses can identify current business opportunities in terms of what services governments are outsourcing, in what amounts and at what costs. Additionally, potential future business opportunities can be identified in terms of what services governments are currently providing in-house, at what costs and with what results. Armed with this information, private sector businesses can readily identify markets for their goods and services.

scholarly journals Value Creation Training Course at DENSO for Abilities to Create New Business and New Products Concepts

2012 ◽  
Vol 60 (3) ◽  
pp. 3_40-3_43
Author(s):  
Hiroo UTSUMI ◽  
Takamasa SUZUKI ◽  
Makoto IMAEDA
Keyword(s):  
Value Creation ◽  
New Products ◽  
Training Course ◽  
New Business

scholarly journals Linking Financial Resources Ability and R & D Resources on New Product Performance. The Mediating role of Innovation Orientation and Competitive Position

2021 ◽  
Author(s):  
Hersugondo Hersugondo ◽  
Sugeng Wahyudi ◽  
Nuryakin Nuryakin ◽  
Rio Dhani Laksana
Keyword(s):  
Research And Development ◽  
Service Industry ◽  
New Products ◽  
Sampling Technique ◽  
State Ownership ◽  
Financial Resources ◽  
Research Approach ◽  
Competitive Position ◽  
Mediating Role

This study aims to test empirical research on the effect of financial resource ability, research and development (R & D) on innovation orientation and competitive position. This study also examines the critical mediating role of innovation orientation and competitive position to achieving new products performance (NPP). This study used a quantitative research approach by comparing data from service industry and manufacture industry in Indonesia included in Indonesian-State-Ownership companies. The analysis unit in this study used middle managers and top managers who responsible for managing divisions within the Indonesian-State-Ownership companies. The number of respondents studied in this study was 287 sample. The purposive sampling technique was used in taking the research sample. This study indicated that financial resources abilities, research and development (R & D) abilities positive effect on innovation orientation and competitive position. This study also testing the importance role of innovation orientation and a competitive position to enhancing new products performance (NPP).

Business Opportunities in Social Virtual Worlds

2011 ◽  
pp. 432-447
Author(s):  
Danny Pannicke ◽  
Jonas Repschläger ◽  
Rüdiger Zarnekow
Keyword(s):  
Virtual Worlds ◽  
Value Creation ◽  
Second Life ◽  
Social System ◽  
Business Models ◽  
Digital Content ◽  
Second Step ◽  
Case Examples ◽  
Business Opportunities ◽  
New Business

Virtual worlds enable new ways to create value. Recent examples from Second Life – a virtual world run by Linden Lab – have demonstrated how firms can use this technology to get in touch with customers and provide value to them. This chapter aims at giving an overview of upcoming business opportunities in social virtual worlds. For this purpose, the platform service offered by Linden Lab is analysed first. In the second step, the value creation potential is differentiated into four areas: 1. community-related business models which are comprised of the creation and maintenance of a social system with specific processes; 2. commerce business models which refer to initiation, negotiation and processing of transactions; 3. context business models which add value by supporting navigation and orientation; and finally, 4. content business models which refer to production and preparation of digital content such as avatars, virtual locations and artefacts. The business opportunities of each area are analysed with regard to case examples from Second Life. The chapter concludes with some business implications in order to help practitioners find their way into this new business medium.

PROSPEK USAHA INOVASI SPEAKER DAN PAJANGAN UNIK UPAYA PEMANFAATAN LIMBAH GULUNGAN KERTAS

2019 ◽  
Vol 2 (2) ◽  
pp. 171
Author(s):  
Saputri Rizki Ramadhanti ◽  
Joti Dina Kartikasari ◽  
Alfian Muttoqim Muttoqim ◽  
Umi Farida Farida ◽  
Amanda Oktaviani Amanda
Keyword(s):  
College Students ◽  
Social Media ◽  
Economic Value ◽  
Waste Paper ◽  
Direct Selling ◽  
Paper Waste ◽  
Entrepreneurial Spirit ◽  
Surrounding Environment ◽  
Business Opportunities ◽  
New Business

The amount of paper waste, especially paper waste of yarn rolls in the socks manufactured factory and the convection industry that has not been used to get high economic value is an opportunity to open a new business, especially in the electronic and art craft product. SEPIK PANIK (Speaker of Music and Unique Display of Waste Paper Rolls) is an innovation from processing paper waste to be a unique speaker. The purposes of this program are: 1) Utilizing paper waste to get high selling value. 2) Creating handmade products from paper waste into speakers as well as unique creative display. 3) To accommodate the desire of college students who have entrepreneurial spirit and artistic creations to open new business opportunities. The method of make this SEPIK PANIK product includes 1) Making paper tube of speaker and 2) Making a Unique Display. The Sales of this product have been carried out during May to August 2019, products that have been sold are 34 units, obtained a profit of Rp. 1.170,000. Sales and promotion methods are carried out both online through social media and offline, namely direct selling and consignment. Based on these results, this business is very profitable and can benefit the surrounding environment.

New Business Opportunities Based on Biogenic Carbon Dioxide Utilisation

2019 ◽  
Author(s):  
Janne Kärki ◽  
Tomi Thomasson ◽  
Kristian Melin ◽  
Marjut Suomalainen ◽  
Heidi Saastamoinen ◽  
...  
Keyword(s):  
Carbon Dioxide ◽  
Biogenic Carbon ◽  
Business Opportunities ◽  
New Business ◽  
Carbon Dioxide Utilisation

METHOD OF COMPARATIVE EVALUATION OF OPTIONS FOR JOINT USE OF TRADITIONAL AND NEW TYPES OF HIGH-TECH PRODUCTS

2019 ◽  
pp. 100-107
Author(s):  
A. M. Batkovsky ◽  
A. V. Leonov ◽  
A. Yu. Pronin ◽  
A. V. Fomina
Keyword(s):  
Comparative Evaluation ◽  
New Products ◽  
Economic Assessment ◽  
The State ◽  
Financial Resources ◽  
High Tech ◽  
Pareto Optimal ◽  
Fixed Set ◽  
The Law

In conditions of limited financial resources of the state, the task of assessing the appropriateness and choosing rational options for the joint use of traditional and new types of high-tech products is topical. The paper proposes a method for substantiating rational options for the joint use of traditional and new products of high-tech products, based on the criteria of their comparative technical and economic assessment, namely, comparing the achieved efficiency and the required cost of performing a fixed set of tasks. The dialectical foundations of the method are presented, in particular, it is established that the law of development of high-tech products fully corresponds to the well-known classical law of «denial of denial». The structure of the method, the order of formation of the set of Pareto-optimal options for the joint use of traditional and new products, as well as the algorithm for choosing a rational option are considered.

The Microeconomics of Product Innovation

2018 ◽  
Author(s):  
Paul Stoneman ◽  
Eleonora Bartoloni ◽  
Maurizio Baussola
Keyword(s):  
Product Innovation ◽  
New Products ◽  
Goods And Services ◽  
Product Innovations ◽  
Microeconomic Analysis ◽  
Prime Objective ◽  
Price Measurement ◽  
The Impact

The prime objective of this book is the use microeconomic analysis to guide and provide insight into the generation and adoption of new products. Taking an approach that uses minimal formal mathematics, the volume initially addresses questions of definitions, sources, and extent of product innovation, differentiating between goods and services; hard and soft innovations; horizontal and vertical innovations; original, new to market, and new to firm innovations. The sources of product innovations (e.g. R&D, design, and creativity) are explored empirically, and the extent of such innovations is then pursued using survey and other data. Three chapters are devoted to the theoretical analysis of the demand for and supply of new products and to the determination of firms’ decisions to undertake product innovation. Later chapters encompass empirical evidence on the determination of the extent of product innovation, the diffusion of such innovation, the impact of product innovation on firm performance, price measurement, and welfare, while the final chapter addresses policy issues.

Public Financing of Human Development in India: A Review

2021 ◽  
Vol 15 (1) ◽  
pp. 62-81
Author(s):  
Sacchidananda Mukherjee ◽  
Shivani Badola
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Human Development ◽  
Public Investment ◽  
Public Financing ◽  
Economic Activities ◽  
Economic Opportunities ◽  
Goods And Services ◽  
Public Transfers ◽  
Distribution Of Resources

Role of public financing of human development (HD) is inevitable, especially for developing countries like India where access to resources and economic opportunities are not equitably distributed among people. Governments aim to achieve equity in distribution of resources through allocative and redistributive policies whereas macroeconomic stabilisation policies aim to achieve higher economic growth and stability in the price level. Expenditure policies of the governments envisage in delivering larger public goods and services to enable people to take part in economic activities by investing in human capital and infrastructure developments. Progressivity of the tax system helps in achieving equity by redistribution of resources among people. Being merit goods, expenditures on education, health, and poverty eradication make it a case for public investment which empowers people to improve human capital. The benefit of universal economic participation is expected to contribute in larger mobilisation of public resources over time. Lack of economic opportunities and earning a respectable income may increase dependence on public transfers which may reduce fiscal space of the governments to finance programmes to promote overall economic growth. The objective of this article is to review existing studies on public financing of HD in India and highlight emerging challenges.

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