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Creative Disruption
Discuss the impacts that entrepreneurship and creative disruption have on existing organizations and the workforce (i.e. machines replacing workers, new skills required due to technological innovation, etc.). Should entrepreneurs be concerned with the possibility that his/her innovation might eliminate the need for certain skills or result in the loss of jobs?
Entrepreneurial Culture
Identify an organization with a visible entrepreneurial culture. How has the culture contributed toward organizational performance? For example: The company, 3M, values innovation and encourages employees to experiment on company time. Then, if the experimentation results in an innovation, the company allows the employee to work on the project team for the innovation and provides a monetary reward to the employee for his/her creativity. Now think about the entrepreneurial level of the culture in your own organization. What structures or processes promote entrepreneurship? What structures of processes hinder entrepreneurship?
Shannon bakes cookies and Justin grows vegetables. In which of the following cases is it impossible for both Shannon and Justin to benefit from trade?
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Given major housing boom that contributed to economic growth in the United State from 2003 through 2008, some of revenues that local governments received were from development impact fee.
Assume we decline to sell goods to any country that decrease or halted its exports to us. Who would profit and who would lose from such retaliation?
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