The Conceptualization Of Innovation: Differentiating One Term From The Other

The word innovation may pertain to both incremental and radical changes to processes, products, or services. Solving a problem is often its unspoken goal. It also became an important topic in the different fields of study. It is discussed in business, economics, sociology, engineering, and technology. Innovation is also a major key in economy. The factors which are leading to innovation are considered crucial by most policy makers.

In business, government policy, and economics, they considered “something new” as things that are substantially different rather than insignificant change. Take for instance, a change in economics means increase in product value, producer value, or customer value. Innovations are created to improve something that already exists. Later on, its succession can lead to a lot of innovations that can help in the economic growth.

In the context of an organization, innovation is associated to the growth and performance on improving efficiency, quality, productivity, market share, competitive positioning, and others. It includes innovations in organizations such as universities, local governments, and hospitals.

Although innovation usually adds value, it can also have destructive or negative effects. Thus it changes or clears away old practices and old forms of an organization. If certain organization is not subjected to effective innovation then it might be destroyed by the new process.

Innovation is conceptualized in different contexts variety. It can be done to the things associated with commerce, technology, economic development, policy construction and social systems. The conceptualization approaches in innovation are incorporated in a wider range. Innovation is defined by scholars as an introduction of something useful and new. Like for example introducing new techniques, methods, practices, or altered or new services and products.

The conceptualization also helps in determining if the usage of the word is appropriate or not. Some people might confuse the word innovation with invention which is also defined as creation of new equipments or tools. Well, take note that enhancements of many services and products are appropriately called as improvements.

Creativity and change are also used as substitutes for innovation. It does not necessarily lose the meaning of the word. It is because most business literature today associated the innovation concepts with value extraction, operational execution, and value creation. In this case, it cannot be called an innovation until it was successfully implemented and makes profit or money on the idea. Even if these notions are closely linked to innovations, still it is not easy to extract important innovation concepts.

Creativity is involved in the process of innovation however the word is not identical. Creative ideas are only used to make tangible and specific differences in the areas wherein innovations occur. The idea should be translated into actions which make genuine differences. Examples are altered processes in businesses or changes in services and products.

There is another emerging approach which considered innovations as “actions being done”. It can be called as innovation when an individual uses a particular invention or existing tools that are used in a new way to change anything related to organizing people, works, and way of life. The invention mentioned here is being viewed as concepts, other things which facilitate the action, or physical devices. In this approach, it does not matter whether the act of innovation succeeds or not.

Business Education In France

In France, the former inspecteurs des finances (controllers of state finance) were for a long time the only leading businessmen who had gone through some kind of financial training. This training, needless to say, had not been designed for business purposes. The role of the inspecteurs des finances at the head of large corporations, especially banks, was none the less positive, at least before 1914, granted that they handled company finances efficiently. The cole des Hautes Commerciales (HEC) was established in 1881, and until recently was the only business -oriented grande cole in France. Its impact on business leaders’ education, however, remained negligible, and only reached some significance (over 10 per cent) with the generation active in the late 1980s. As in Germany, business studies started to take off in France with the generation educated in the 1950s and 1960s. If we include a number of American business schools, such as Harvard, Stanford, or Northwestern, where a handful of subsequently distinguished businessmen put the finishing touches to their education, then 17 per cent of French business leaders active in 1989 had been trained in business and management. The percentage is roughly on a par with Germany, but pales in comparison with the 28 per cent of graduates from the ENA, compared to less than 5 per cent in the early 1970s. This new weight of the ENA has been the major change in the educational pattern of the French business lite since the beginning of the twentieth century, though this pattern has remained rooted in a state-oriented tradition.
A commercial and financial training was more common, and from an earlier stage, among British businessmen. Not, however, that the American influence was especially strong: studies in an American business school were actually more common among French businessmen. By 1989 the London business School, established in 1963, had not trained more than a small fraction of the country’s top managers. Rather, the difference stemmed from the increasing proportion of accountants at the top of the large corporations, as high as 25 per cent in 1989. If one adds another 10 per cent who attended a British or an American business school, then more than a third of the British business leaders of the late 1980s had received a commercial training, as against barely 10 per cent for the generation active fifteen years earlier.

Economics Dissertation

Economics dissertation is designed to study specific concepts and constructs of the said subject in careful detail. These concepts must be a salient aspect of financial or business economics which is appropriate in the existing situation. The said thesis is more encompassing in nature and takes on a particular method, which follows a specific format. More often than not, the study may also take the place of one’s final examinations, which is why it must reflect the amount of learning and study that the writer has devoted on the particular subject.
Serious research is needed when one starts writing his/her exposition. Aside from following a pre-determined format, one also commonly needs to employ econometric or statistical techniques to further support the questions that the thesis wishes to answer. This salient aspect of the thesis can be seen in the methodology, which contains how the thesis statement may be proven or nullified. Employing any of the two techniques would definitely entail one’s knowledge and expertise about the subject.
Because of the nature of the research, writers work closely under the supervision of a highly trained adviser, who will generally advise the writer and help set the direction which the writer would like to follow. A number of related activities, which the writer must already be knowledgeable on, are needed to actualize the said thesis. Primarily, the writer, together with his/her adviser must first carefully plan and conceptualize the paper. How the final paper would turn out may not entirely be clear at this time yet, however, clear constructs and how to go about answering the thesis statement must already exist.
After proper planning and conceptualization, researching relevant material that will later be included in the literature review may then be undertaken. Being properly selective in choosing the information to be included is very important especially since a number of resources are available. Despite the number of resources available, one must be very careful in choosing which to include in the said thesis. Only those relevant and helpful in backing up the thesis statements must be included in the paper.
Theoretical modeling, data collection, and statistical analysis then follow suit. All three are pertinent in coming proving or disproving the thesis statement. Further, all three may also be assumed under the supervision of a competent adviser. Most thesis writers find it challenging yet rewarding at the same time. Especially since thesis writing is the perfect opportunity to translate their learning into actual use. The amount of practical work involved allows writers to learn much from the process, which would then prove useful later on in their chosen field as economists or financial and business analysts, among others.
Economics dissertation aims to evaluate and assess the writer’s profound understanding on the subject at hand and enable him/her apply a number of methodological approaches on the said problems. The practical approaches needed when writing a thesis opens a number of learning opportunities for the writers, all of which are important in his/her future endeavors.