Innovation and Change

This short report aims to analyse the area of entrepreneurship, with specific reference to the entrepreneurial abilities, skills, and success of Sir Richard Branson.

The Importance of Financial Stability The Need for Regulators to Learn from the Financial Crisis: A Report

Numerous management academics and practitioners, ranging from Peter Drucker and Michael porter to Bill Gates, Steve Jobs and Jeff Bezos have time and again stressed upon the need for organisations to perceive innovation as a critical business activity and take corporate decisions to incorporate innovation in organisational strategies

Peter Drucker stated that innovation was change that created new dimensions of performance. An innovation, to be effective, had to be simple and focused; to be successful an innovation aimed at leadership within a given market or industry

Knowledge management specifically aims at converting tacit knowledge into explicit knowledge and thereafter again into tacit knowledge in an ever growing cycle of expansion and regeneration. Called knowledge spirals by Nonaka and Takeuchi, such processes used to traditionally occur through informal and totally voluntary work groups who had particular knowledge, and are now being attempted in progressive organisations through the use of knowledge creating processes like Communities of Practice.