BUSS1000 Lecture Notes - Lecture 11: Inductive Reasoning, Deductive Reasoning, Design Council

• School: University of Sydney
• Department: Business Studies
• Course: BUSS1000
• Professor: Steven Hitchcock

Document Summary

Course structure: three parts scaffold for unit + learning, start with foundation of core understanding + perceiving business, then look at current world, then present tools to take action in business world. The use of a new idea or method (cambridge business dictionary) Generation, development, and adaption of novel ideas on the part of the film. Continuous changes in the state of knowledge produce new disequilibrium situations and therefore, new profit opportunities/ gaps . Systems of innovation-oriented (influence of national and regional innovation system) Moment companies innovate they have to change company: may have to adjust without changing culture need to be careful to not disrupt company"s basis values. As complexities change/new engagements uncertainties increase + change way companies innovate. Small and new need resources that they don"t necessarily have: cycle to make innovation, you need resources, to get resources, you need to prove the capability of your innovation.