BUS 478 Study Guide - Final Guide: Peter Drucker, Creative Destruction, Absorptive Capacity

• School: Simon Fraser University
• Department: Business Administration
• Course: BUS 478
• Professor: Rui Jorge Basto da Silva

Document Summary

These notes are made from the testbook and test. Firms do not develop innovation via divestiture of low performing units. Entrepreneurship process where ppl identify and pursue opportunities without constrained by. Entrepreneurship opportunities exist when there is a need in the market that can be satisfied by new goods. Corporate entrepreneurship use or application of entrepreneurship within established firm. Entrepreneurs ppl that see and opportunity and take risk to develop an innovation to exploit it. Key characteristics of successful entrepreneurship passion for his invention (ronald) **balance between individualism and cooperative behavior is needed for entrepreneur behavior. Peter drucker primary goal of innovation create wealth. Products developed through imitation offered at lower prices than products developed through. Number of patents held by company guide to level of innovation in firm. Internationally diversified firms tend to be more innovative than domestic only firms. Successful innovation through internal means need significant spending on r&d.