Innovation

Innovation means a young way of doing something (New Oxford face Dictionary, 2008, P. 103). Over time businessmen establish methods and techniques of management, distribution, promotion and marketing. These innovations decease for a given duration before they are overtaken by other innovations. An example of innovation is the fairly new design of Business Intelligence (BI). BI is a set of technologies and processes that change mess at wholly levels of an organization to access and go data (Howson 2007, pp1-3).  This allows for faster decision making as e veryone is sensitive of what is going on in the company, and above all has very accurate information.into outer space consume cost trillions of dollars even they have so far yielded very little that quarter further the cause of humanity so far. Many organizations run into themselves in a situation where they invest so more than in the field of research which sometimes ends up revelation nothing.

Innovation is as well as a high risk behave that is replete with accidents and incurable diseases unlocked by the ever inquiring nature of man. Allegations have been made that certain individuals must have performed experimented that bequeathed us with terrible problems in the past. Nuclear weapons caused damage to pack in the Second World War which have transcended generations.



The Russian Kalashnikov cannot bear to look at his innovation the AK 47 for all the damages it has done to humanity. Though he insists that he sole(prenominal) had good intentions, some said thank you and immediately gravel the gun to use for performing evil tasks.

Innovations may also create disruptive technologies. This kind of technology disrupts the way people look at markets and frankincense causing a new demand. This new demand disrupts the existing products in the market thus causing sudden falls in prices. The effect of this is many an(prenominal) companies with stocks that do no seem to move.  The end result is that companies cannot cargo area up since they produce a lot of redundant stuff that...If you want to get a full essay, order it on our website: Orderessay



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