Innovation Isn’t Just for Startups: How Big Companies Can Succeed - Lane Lambert, febuary 1, 2022 What was the article about?
The article was about how large companies such as Tesla and Amazon could encourage innovation to other companies to lead them to success. In summary, Micheal Tushman and Andrew Binns go over how companies could increase in value very quickly. What did you learn from the article that you did not know before? The article stated that being a corporate explorer is a risky career. I learned that being one is very difficult because of how much creativity you need. You would need to innovate unique ideas for other companies and release lots of new ideas (i.e. 5G technology) in order to get people on board with you and listen to your ideas. What was most surprising, intriguing, or challenging to you about what you read? The fact that innovation is one of the most important things in business is challenging to me because I don't see myself as a very creative person. I'm better off getting ideas from other people, and taking inspiration from them in order to do tasks in my day to day life. Large businesses require lots of creativity in order to become successful, and beat the game of innovation.
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When Climate Goals, Housing Policy, and Corporate R&D Collide, Social Good Can Emerge - Glen Justice, april 9, 2024What was the article about?
The article was about how innovation would be able to reduce living costs by being more energy efficient. It was also talking about how these cost efficient ways of living would also help lower income families. What did it mean to you? This article means a lot to me, because of how much houses are inflating in todays society. Around 10 years ago my house was bought for around $600,000 and now it would sell upwards of $1,000,000 without any renovations. If my house were to be renovated (i.e. basement, new kitchen, visual upgrades), it would sell for a lot more than $1,000,000. If houses were to keep inflating, it would be too expensive to live in a house or even an apartment. I would have to find a different strategy for my living conditions if I weren't able to afford a house. A new way to make houses cheaper would be very useful for my future life since I would not have to spend 1.5 million dollars on a house, and instead I could live in a house that is cheaper to maintain and keep. 10 trends to watch in 2024 - rachel layne, january 2, 2024What was the article about?
The article that I picked for this blog post relates to entrepreneurship, and it is about 10 common trends that you should watch in 2024. This article went over trends like social media, artificial intelligence, and climate change. What was the most surprising, intriguing, or challenging to you about what you read? The article mentioned innovation, relating to how it would be able to increase infrastructure and potentially decrease climate change. I found this intriguing because of how much more different our city could be if there was more buildings/innovation around. This could fix lots of problems such as inflation and the housing crisis. Innovation could also reduce carbon emissions by finding alternatives to fossil fuels such as hydrogen powered cars. What did you learn from the article that you did not know before? Being an entrepreneur is a lot of work, and you would need to be working a lot to maintain your goals. However, working for so long can cause burnout, and people start to objectify themselves as a workaholic. I learned that you can avoid burnout by doing something else instead of working as much as you can. Take vacations, go outside, find hobbies, and making new friends help you develop other interests and experience less burnout so you could have a better life and have more fun at your job. How Cost Accounting is Improving Healthcare in Rural Haiti, September 24th, 2018What was the article about?
The article was about how a cost accounting system was developed in Haiti. Due to how widely expensive healthcare is in Haiti, this accounting system was able to determine the cause of the price. What was most surprising, intriguing, or challenging to you about what you read? Explain. What was surprising to me the most was the expenditure (spending rate) per capita in Haiti. In 2015, the rate was a solid $54. Compared to the United States having a per capita rate that is 17,599.3% higher, at $9,536 per capita. According to the World Health Organization (WHO), the per capita expenditure dropped to just $13, meaning that more people were spending less money due to the accounting system being developed. What people, events, or ideas from the article most stood out to you? Explain. Robert Kaplan was one of the people who stood out to me the most, because he was the one who designed this intelligent cost accounting system for Haiti. Kaplan took many many hours from his life to design this system that would benefit an entire country, and he isn't even from Haitian descent. Kaplan was able to design this system by using two basic measures such as the cost of resources being used and how long it took to use those resources. has the corporate mission been disrupted? - Sean silverstone, aug 23, 2019What was the article about?
According to the 200 corporate leaders, corporate business no longer had the goal of just maximizing profits. They officially now had a goal to reward investors by using business to build a better society. What did you learn from the article that you did not know before? At first I thought that businesses, specifically corporate businesses had one goal, and that goal was to make money. After reading this article I learned that businesses now had the goal to create a better society as well as make money. Corporate companies would improve society by investing in more employees, switching to sustainable resources (i.e. fast food companies using paper straws instead of plastic straws), and being more inclusive, such as hosting more events and getting to know their customer base. All of these goals would benefit investors who have shares in their company, since they would be doing more good for the planet and that could possibly boost the price of shares for the market. Some corporate CEOs added their signature to this agreement such as Tim Cook (Apple), Jamie Dimon (Chase), Jeff Bezos (Amazon), Ginni Rometty (IBM), and Mary Barra (General Motors). This further enforces the goal for companies to have more sustainable priorities in order to better society and overall make the planet a better place. Starbucks' lesson for premium brands - john quelch, 9 july, 2008 What was the article about?
The article was about the American fast-food franchise Starbucks diluting its own brand by offering too many products for their customers. Due to this overexpansion of products, Starbucks was forced to announce that they would be closing 600 stores in the United States. What did you learn from the article that you did not know before? From reading the this article, I learned that Starbucks sold more than just food and coffee. Starbucks tried to offer innovation by selling wi-fi services, and creating music. Learning that Starbucks sold products not relevant to beverages helped me understand why that their brand was slowly losing relevancy. What people, events, or ideas from the article most stood out to you? The founder of Starbucks, Howard Schultz stood out to me because there was a memo written by him recognizing the problem that was caused by his way of growth. He knew that trying to launch new products and opening new stores would only be superficial growth. As stated in the memo, Schultz wrote "Stores no longer have the soul of the past and reflect a chain of stores vs. the warm feeling of a neighborhood store." Can Sustainability Drive Innovation at Ferrari? - Raffalella Sadun, December 12, 2023What is the article about?
The article was about the Italian supercar brand Ferrari potentially electrifying their newer generation of vehicles to acquire zero emissions. Investors and employees of Ferrari approved the decision, although they were concerned of how it would affect their target audience. What people, events, or ideas from the article most stood out to you? The idea of Ferrari going electric was an idea that stood out to me the most. Ferrari is a brand that is known for having beautiful supercars that run on gasoline, and I was not expecting them to go electric although other brands like Mercedes, Kia, and Toyota are going electric. I was also surprised by the people who were with the idea of electrification, such as the investors and employees. Sadly, the investors and employees are most likely with the idea for financial gain, and not for the fact that Ferrari might make cars that less people will like. People who enjoy cars typically do not like electric cars because they aren't as fun as gas powered cars, and they would rather drive a gas vehicle over an electric vehicle despite the carbon footprint being left behind. In summary, many were with the idea, and many were not happy with it. What is Digital Citizenship & why is it important?
Digital citizenship. What is it? Digital citizenship is the act of being able to use technology in a positive way. Practicing digital citizenship is great to ensure that you and everyone around you stays safe on the internet and protect your private information. What are the positives of posting online? Posting online is a good way to get yourself out there. Although it depends on what you post, it can motivate others. You can reach people wordwide, make friends, and show off your creativity. If your job interviewer sees that you are posting positive things online, it can open job oppurtunities for you and increase your chances of getting hired. What are potential negatives? If you post too much online, it can lead to data breaches and lead to privacy problems. The internet has lots of online harassment and lots of misinformation could spread. Due to the popularity of AI, people may be able to forge fake material about you in order to get you in trouble with the things you post online. |
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