ENT 725 Chapter 2: ENT 725 Chapter 2 Notes.docx

• School: Ryerson University
• Department: Entrepreneurship and Strategy
• Course: ENT 725
• Professor: Phil Walsh

Document Summary

The creativity of the organization is a function of the creativity of the individuals within the organization. Intranet is a private net-work, accessible only to authorized individuals (like the internet but operates only within the organization) The inventor is interested in theoretical and abstract thinking and has an unusual enthusiasm for problem solving. Innovations often originate from those who create solutions for their own needs. User innovations often have no initial intention to profit from the sale of their innovation (ex. Laser sail boats, made by olympic sailors to their own preferences) Basic research is effort directed at increasing understanding of a topic of field without specific immediate commercial application in mind. Applied knowledge is directed at increasing understand of a topic to meet a specific need. Development is the activities that apply knowledge to produce useful devices, materials, or processes.