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Concept of Innovation - PDF

   

Added on  2021-01-02

14 Pages1907 Words245 Views
Industry in Malaysia

Table of ContentsINTRODUCTION...........................................................................................................................3TASK...............................................................................................................................................3Critically analyse three individual founder characteristics that influence the success of theirbusiness ventures.........................................................................................................................3Discuss that how innovation affect the growth and profitability of new ventures......................6CONCLUSION................................................................................................................................8REFERENCES................................................................................................................................9

INTRODUCTIONLeadership styles are based on the behavioural pattern that leader can adoptand influence the behaviour of other people. It may provide the right direction to thepeople those who were inspired with their style, attitude and behaviour etc. thesuccessful entrepreneur is adopting the national policies and procedures that candiscuss in the report. It is based on the national level that has some specific objective inthe business. This report will discuss about the three different individual founder characteristicthose who always influence the success of their business. Furthermore, this report willdescribe the concept of innovation and how they affect to the growth and profitability ofnew ventures in global world. Moreover, this assignment will discuss about the nationalpolicies in the organization because it help to improve the national innovative capacities.It also gain the more benefits in terms of technology. TASKCritically analyse three individual founder characteristics that influence the success oftheir business ventures.There are three founder and successful entrepreneur those who were established ownorganizations in global world. It also influence the new business venture to expand theirbusiness all over the world. Bill gatesBill gates is the founder of PC software company which is Microsoft corporation and netincome of bill gate of $97 billion. It is the successful entrepreneur widely incredible asone of the pioneers who revolutionized the personal computing industry. Characteristic:Leadership qualities of Bill gates:After landing the billionaire, Gates become prideful and think he knows it all butin some situations, he doesn't know about the actual conditions and they always puttingsome efforts to improve the communication and public speaking skills (Lee, 2019). Itinfluence the success of business because it has communicated with their employee toprovide the details about the enterprise and encourage towards the development.

Having Vision and goals:Bill gate is the man with full of vision that inspire other people to do somethingcreative and innovative of organization. They always wanted to hire a new engineer todevelop an effective products. He has an ability to reach their specific goals and vision. Personal through Corner:Bill gate is a great and sensible leader that always kept the positive attitudetowards the business development. Has has determined to make things work andovercoming the obstacles. They are communicated with their employee and provide theequal opportunities so that they can share the innovative idea regarding growth anddevelopment. Mark ZuckerbergHe is the famous co-founder and CEO of social media network Facebook. It isthe fastest growing organization to increase the popularity and demand in marketplace.It has grown leaps and bounds (Villani, Linder and Grimaldi, 2018). Facebook alsoacquired the social network and other application respectively. Characteristic:ConfidenceIt has learned many things through time and his start was the key building blockof success. He was developed their experience at the age of young and become one ofthe most influential leader in organization (Banerji and Reimer, 2019). His confidenceinspire the people to understand their skill and knowledge for growth and development.Confidence was key ingredient to his unbelievable growth or success. PassionateNo one become a successful entrepreneur without knowing the passionatepower for his work. Zuckerberg always passionate towards for developing programduring high school. He was a passion for building games at the young age and now hewas developed Facebook social networking site in global world. Critical ThinkerMark Zuckerberg is great successful enterprise those who has a critical thinkingto implement new idea in their business. He was developed Facebook platform wherepeople can communicate with one place to another. He has interested towards the

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