Innovation Enterprise and the Society: A Comprehensive Analysis

This essay provides a comprehensive analysis of innovation, enterprise, and their interconnectedness within modern society. It defines innovation as the application of original and useful ideas, examining its multifaceted impacts on various aspects of life. The essay discusses the innovation process, highlighting the stages from idea acknowledgement to acceptance and implementation. It emphasizes the significant role of technology in driving innovation, transforming industries, and influencing career paths. The essay further explores the challenges and opportunities presented by technological advancements, including the potential for job displacement and the need for adaptability in the workforce. It also delves into the importance of fostering an innovative workplace culture, emphasizing leadership, talent management, and the cultivation of a conducive environment for creative thinking. The essay references various scholarly sources to support its arguments and provides insights into the future of work and the skills required to thrive in a technology-driven world.

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INNOVATION ENTERPRISE AND THE SOCIETY
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The term innovation is very complicated, it has several meanings but again that depends on
where it is being used. In this case, innovation can be described as the application of ideas that
are useful and original. It involves creativity and the ability to generate original and significant
ideas or opinions. It has several effects on the future careers either positive or negative It may
also mean generating new service, method, system or improving the new one ones. Similarly, it
can take the form of discontinuing an inefficient or out-of-date process, service or system
(Bhattacharya et al., 2017, p. 46). Innovation is a process that begins with:
a) Acknowledged Idea: The idea has to pass through the improvement period in idea scale that
leadership has cautiously approved, awaiting probability analysis and other considerations. In
this stage, the idea status is in is “in the review” (Frenkel, & Bednall, 2016, p. 35).
b) Accepted Idea: Once the idea has been designated feasible and has been given the green
light by leadership, its status becomes “in progress.”
Technology is important need in the life of everybody. It receives an awful rap from time to
time; however, without it, human beings would have been stuck in one area without having so
much that we see nowadays (Loveland et al., 2016). In other words, innovation and technology
have made work easier and more fun, regardless of an individual’s lifestyle or career. Jobs have
been made easier since one machine can perform the work, for instance, of fifty men at a time.
Innovation and technology have significantly transformed the way people live and interact with
the environment. It has brought humanity from Stone Age to the industrial revolution era. It has
taken the people from the creation of the computer to the landing on the moon.
Two centuries ago of breathtaking innovation from the start of industrial era have generated
rising living standards for common individuals in many parts of the world, with no stridently

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increasing tendency for unemployment. Yes, many challenges have been there, remarkably
sessions of astounding disparity and gradually more horrendous wars. On comparison; however,
throughout the better part of the world, people live longer, do jobs in much fewer hours, and lead
entirely better lives (Turner & Albro, 2017, p. 97).
It is precisely clear that innovation and transformation currently have accelerated, probably
leading to more profound and more thoughtful dislocations. The speed of innovation and
technology is much worrying to the workers, in fact, for any professional who fails to adjust, will
merely become superseded, just like horses after the rise of the automobile. Are millions of
personnel headed for the glue factory or joblessness will hit?
As wages increase in many parts of the world in both sectors, organizations in different locations
are contemplating opportunities to replace employees with robots, especially in several parts of
Europe and Asia. As the introduction of inexpensive of Smartphone stimulates an explosion in
Internet admittance, the online purchase will eradicate an enormous number of retail jobs. In a
real sense, globally, innovation could easily result in the loss of 5-10 million jobs per year.
(Hong, 2015). Providentially, until now, market economies have confirmed gorgeously flexible
in fascinating the effect of these alterations. One of the many innovations worthy to tackle or
mention is robotics. One of the few nations that have embraced the robotics is Japan.
Innovation is swiftly transforming the job market. Will the dream profession still be around in
the next 2o years’ time? What kind of skills are employers currently looking for at the moment?
Innovation goes hand in hand with technology; therefore, whether a professional find the
technology that embraces each new update, or struggles to keep up with the transformation, its

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impact on the daily lives instantly recognizable (Hervas-Oliver et al., 2018). Existing
technological growth are vastly changing the way people live, and the way people operate.
With job market a competitive and ever-evolving arena, determining an individual’s career path
is more than just following the obsessions and skills, it concerning being adaptive in the digital
era and comprehending what experiences and jobs are high in demand, and which are facing
potential extermination. Therefore, as a professional, it is essential to try not feel unsettled or
itchy with these speedy transformations, but as a substitute, adjust the mindset and embrace the
prospects technology and innovation brings, through emphasizing on the right and required skills
to enhance the employability and achieve something in the new tech-savvy labor situation
(Frank, 2017, p. 56).
Even though hi-tech innovation provides various new and current opportunities and profession
paths, there is also the downside of careers becoming superseded, leaving people without
employment. It is not current issues whichever, professionals have experienced years of
machines taking the positions of human labor and it has become a routine, independent function
is taken over by the innovation especially on technological issues (Mortati, 2015, p.11).
The presence of internet serving an overabundance of information, jobs like conventional travel
representative has been almost wiped up out completely in support of online websites that enable
professionals to get the cheapest contracts for flights and lodging with just a hit it off of a button.
Similarly, there is an improvement in self-service with grocery amass check-outs and airstrip
check-ins opting for mechanization over workers. It is these entrance-level and part-time
employment where hi-tech techniques are making the maximum effect (Harris, 2018, p. 140).

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To the employers, every place of work can be innovative one with the correct management. It is
hard to get a business today that would candidly reject innovation. This catchphrase has become
the mantra of each company of every business to offer the newest and furthermost resolution to
its industry’s issues (Campell, 2017, p. 245). However, if an organization hopes to generate
reliable of flow new and artistic thoughts, it ought to first understand that innovation is more
multifaceted than moving forward with the first well-mannered proposal that comes along.
Innovation needs gradual progress, and therefore, any business can have a benefit in the
marketplace, but it must also balance the investment and cost with the potential outcome. The
issue is that many organizations emphasize on creating an innovative infrastructure rather than
on teaching their team a structured way of thinking that delivers excellent more significant
outcomes. An innovative place of work needs a manager who can offer right mixture of people,
procedure, and emphasis. Leadership through management experts provided their tips for getting
and harnessing innovation in any company or business (Casey and Proffitt, 2018, pg. 16). All
managers try to follow and bring the best talent into their companies; however, recruiting the
staffs for their innovative capabilities may be specifically a challenging role. The major purpose
is to identify personality traits in candidates that connect with innovation. Getting people who
exemplify the features required for real innovation, thoughts, motivation, acquaintance,
knowledge, courage, determination and sporadically, a contrarian state of mind has become
important. Innovation is rarely simple, and the traits given provide tenacity to excel in the
profession.
Looking for diverse candidates or staffs who are associated with a common assignment is also
tremendously significant in nurturing an innovative atmosphere. A business’s mission, precisely
definite and expressed, supports the encouragement that precedes innovation and contraption.

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Innovative has become a hot topic in the current occasions, and it seems businesses have
outsourcing innovation for quite sometimes. It is quite easy to say that people want to innovate;
however, it appears and feels like going over to a trouble location leaving the safest place behind.
This creates a challenge to management to assist workers in making the right decision or maybe
a teacher for that matter as far as profession is a concern. In other words, innovation is the end of
the product of a descriptive cycle. For an individual to be considered innovative he or she must
intentionally let go of the manner things are and welcome manner and the way it could be. The
breakdown is the first initial move toward innovation, a global release of established characters
of thought, beliefs, and assumptions to embrace not knowing.

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List of References
Bhattacharya, U, Hsu, P, Tian, X, & Xu, Y. (2017). 'What Affects Innovation More: Policy or
Policy Uncertainty?', Journal of Financial & Quantitative Analysis, vol. 52, no. 5, pp. 1869-
1901. Available from: 10.1017/S0022109017000540. [14 May 2018]
Frenkel, SJ, & Bednall, T. (2016). 'How training and promotion opportunities, career
expectations, and two dimensions of organizational justice explain discretionary work effort',
Human Performance, vol. 29, no. 1, pp. 16-32. Available from:
10.1080/08959285.2015.1120306. [14 May 2018].
Loveland, KE, Loveland, JM, Lounsbury, JW, & Dantas, DC. (2016).'A Portrait of the Artist as
an Employee: The Impact of Personality on Career Satisfaction', International Journal of Arts
Management, vol. 19, no. 1, pp. 4-15.
Turner, JD, & Albro, J .(2017). 'When I grow up: assessing American children's perspectives on
college and career readiness through drawings', Literacy, vol. 51, no. 2, pp. 94-103. Available
from: 10.1111/lit.12113. [14 May 2018].
Hong, Y, Kim, Y, & Cin, BC. (2015). 'Product-Service System and Firm Performance: The
Mediating Role of Product and Process Technological Innovation', Emerging Markets Finance &
Trade, vol. 51, no. 5, pp. 975-984. Available from: 10.1080/1540496X.2015.1061388. [14 May
2018].

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Hervas-Oliver, J, Sempere-Ripoll, F, Rojas Alvarado, R, & Estelles-Miguel, S (2018). 'Beyond
product innovation: deciphering process-oriented innovators, complementarities and
performance effects', Technology Analysis & Strategic Management, vol. 30, no. 5, pp. 582-595.
Available from: 10.1080/09537325.2017.1347623. [14 May 2018].
Frank, RG. (2017). 'Hither and thither: How do we innovate?', Rehabilitation Psychology, vol.
62, no. 1, pp. 1-6. Available from: 10.1037/rep0000114. [14 May 2018].
Mortati, M. (2015). 'A Framework for Design Innovation: Present and Future Discussions',
Design Issues, vol. 31, no. 4, pp. 4-16. Available from: 10.1162/DESI_a_00347. [14 May 2018].
Harris, KR. ( 2018). 'Educational psychology: A future retrospective', Journal of Educational
Psychology, vol. 110, no. 2, pp. 163-173. Available from: 10.1037/edu0000267. [14 May 2018].
Campbell, AD. (2017) .'Lay Designers: Grassroots Innovation for Appropriate Change', Design
Issues, vol. 33, no. 1, pp. 30-47. Available from: 10.1162/DESI_a_00424. [14 May 2018].
Casey, A, & Proffitt, T. (2018).'Lighting Technology Education IN THE 21ST CENTURY',
TD&T: Theatre Design & Technology, vol. 54, no. 1, pp. 55-65.