CMGT558 Week 1 Homework - Technological Innovation

CMGT/558 HOMEWORK WK1

An organization’s creativity is influenced by several factors, including the creative approach of its employees, the organization’s social processes, incentives, and organizational structures that promote interactions. It is important for organizations to consider these factors to drive innovation and remain competitive.

In this assignment, you will analyze the importance of technological innovation and the sources in which innovation arises. You will evaluate the types of commonly used innovations in the industry, as well as the factors that drive them.

Complete the Technological Innovation Worksheet.

Format your assignment according to APA guidelines.

Technological Innovation Worksheet

In this assignment, you will analyze the importance of technological innovation and the sources in which innovation arises. You will evaluate which types of innovation are commonly used within a specific industry as well as the factors that drive them by examining 2 different emerging technologies.

Select 2 industries that you are familiar with, such as Banking, Automotive, or Communication.

In the table below, briefly respond to each question. List your references below the table.

Prompt

Industry A ______________

Industry B ______________

Research and select 2 emerging technologies within each of your chosen industries and list them in columns A and B.

List 2 or 3 factors within each of these industries that drive innovation.

Outline 2 or 3 practices used within these firms/industries that influence the creativity of its employees.

Outline potential risks within the industry or firm that may prevent these technologies from succeeding.

Recommend a brief strategy that can mitigate these risks and lead to a more successful outcome.