Principles of innovation: Please read the scenario below, and then answer the questions that follow in a 3-page analysis. The questions will guide your analysis of the situation, but they need to be presented as part of a report to the owner of the company.
Now that you are well on your way to opening the pastry shop, you realize that the idea of entrepreneurship is really about human behavior and initiative taking. You are going to be investing more effort in the pastry shop than in anything you have previously done. You also realize that the environment is always changing and that the ability to adapt is crucial to the shop’s survival. Realizing this, you and your family member have decided to answer the following questions about human nature and the entrepreneurial environment:
How are the concepts of innovation and entrepreneurship related?
Explain core competency and how this will relate to the pastry shop.
Describe the degrees of innovation.
The tenets and principles of innovation are extremely important to business and society. Explain the tenets and principles of innovation for a for-profit business.
What is meant by the theory of diffusion innovation?
Explain the complexity theory as it pertains to the entrepreneurial ecosystem.
In what ways do social entrepreneurships play the role of change agent?
Explain the concept of entrepreneurial capacity.
Intrapreneurship occurs within existing organizations. Explain why intrapreneurs generally make lower wages than entrepreneurs.
How would indigenous entrepreneurship preserve culture?
Please submit your assignment.
Submitting your assignment in APA format means, at a minimum, you will need the following:
Title page: Remember the running head. The title should be in all capitals.
Length: 3 pages minimum
Abstract: This is a summary of your paper, not an introduction. Begin writing in third person.
Body: This begins on the page following the title page and abstract page and must be double-spaced (be careful not to triple- or quadruple-space between paragraphs). The typeface should be 12-pt. Times Roman or 12-pt. Courier in regular black type. Do not use color, bold type, or italics, except as required for APA-level headings and references. The deliverable length of the body of your paper for this assignment is 3 pages. In-body academic citations to support your decisions and analysis are required. A variety of academic sources is encouraged.
Reference page: References that align with your in-body academic sources are listed on the final page of your paper. The references must be in APA format using appropriate spacing, hanging indent, italics, and uppercase and lowercase usage as appropriate for the type of resource used. Remember, the Reference page is not a bibliography but a further listing of the abbreviated in-body citations used in the paper. Every referenced item must have a corresponding in-body citation.
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