The Innovation and Technology: Essay

Running Head: INNOVATION
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Innovation
Essay
Student name

Innovation 1
Table of Contents
Abstract....................................................................................................................................................... 2
Introduction................................................................................................................................................. 3
Innovation and business..............................................................................................................................3
Demonstrate an understanding of the nature of innovation and its role in business.................................4
Demonstrate an understanding of change management and innovative behavior:...................................5
Theories of Practice..................................................................................................................................... 5
4th Industrial revolution impacts................................................................................................................6
Skills for entrepreneur................................................................................................................................. 7
The innovation and technology...................................................................................................................8
Conclusion................................................................................................................................................... 9
References................................................................................................................................................. 10

Innovation 2
Abstract
In current scenario, Business is based on the new technologies and technologies are based on the
innovations. Innovation is a fresh idea for solving a task in an appropriate way. That is useful and
beneficial for organization and human beings. In this essay, nature of innovation, innovation role in
business, role of entrepreneur, business standard and technology uses for business will discuss in
details.
There are so many technologies in market; still there is a hope for better improvement in current
technologies. For business, it is must to introduced new things and get attention of customers.

Innovation 3
Introduction
Technologies have a big part in success of business; it affects so many things if there is no use of
technologies. Technologies are mainly use for reduces complexities in the particular work. There are
some disadvantages also but advantages are so high. Innovation is an innovative idea for solving a
problem after analyzing the problem completely. When any problem occurred in the operation, product,
and services of a company then for betterment of that take a fresh idea for make it easier to solve that
problem. In this essay, I will explain about innovation role in business, innovation attributes,
entrepreneurship, theories of practice, and use of technology for betterment of business. There are so
many ways to solve the problem but a proper idea for solving that problem can change the scenario of
that thing.
There are so many issues in current system of any organization. For resolve them and make better with
new versions with the help of fresh ideas. Those fresh ideas called innovation, such as new concept in
mobile phones, hardware, software, and many things. Innovation has a huge role for making business at
new heights. There are main three parts of an organization for handling business, such as operations,
products, and services. All the innovations are useful for changing the old systems or procedures in
different companies[ CITATION Tee10 \l 1033 ]. There are so many ways to handle a same problem but
with the help of technology, it will be simple and more beneficial for organization. There are some
theories of practice by which we can take help for making business better. Information systems are very
basic things for handling business in a smooth way. It is also helpful for compete in market. In the next
part of this essay, I will discuss about nature of innovation, role of innovation in business,
entrepreneurship, and use of technology in business[ CITATION Ash07 \l 1033 ].
This essay is based on the learning about innovation, business, entrepreneurship, and practice theories
for business. It will also explain about the fourth industrial revolution.
Innovation and business
Innovations are backbone of a business. Business innovation further contains gate decisions as follows:
Identification of ideas
Validation of concepts
Demo plan