Innovation and Change Assignment Example | Topics and Well Written Essays - 3500 words

Innovation and Change - Assignment Example 7) and he argued that entrepreneurs are those who perform and carry out new combinations by finding and taking opportunities to be seized to create new products or service and to establish a new marketable contribution to the economy (McDaniel, 2002, p. 57). Innovation is one of the most vital constituents in advancing living standard and wealth creation. Innovation may occur from different guises, but the roles played by both large scale and small to medium sized enterprises in creating innovation and translating the same to useful needs and wants to be met by customers in the market are undeniably critical. Since Schumpeter argued that entrepreneur is an innovator in 1950s, many researchers investigated the relationship between innovation and performance and examined whether small to medium or large scale enterprises are better at innovating than the other (Gronum, Verreynne and Kastelle, 2012, p. 257). The importance of Small and Medium sized enterprises (SMEs) as drivers for econ omic development and for improved social wellbeing has been increasingly acknowledged. Moreover, innovation capacity is a critical requirement for the survival of SMEs (Wolf, Kaudela-Baum, Meissner, 2011, p. 242) mainly because better entrepreneurs are those who are good at innovating and therefore they are found to be successful. This piece of research paper investigates the argument that small to medium sized enterprises are better at innovating than large scale businesses and examines how successful are SMEs in innovating their goods or services. In order to analyze and critically evaluate the argument, this paper explains the meaning and conceptual framework of SMEs, addresses their role in the economy and explains why they are considered as important in terms of its contribution to innovation. Small and medium sized Enterprises (SMEs) Small and medium sized enterprises (SMEs) constitute the vast majority of all businesses in almost all the countries and they play a very central role in the economy. SMEs are the major sources of entrepreneurial skills, innovation and employment that in turn help the economy grow further. Analoui and Karami (2003, p. 25) defined SMEs as one that has only a small share of its concerned market and is managed in a personalized way by its owner or part-owner, but not through a medium of an elaborate management system. SMEs are not sufficiently large to get access to the capital market for publically issuing of securities. Researchers used different constructs such as annual sales, number of employees, value added, value of assets, annual profits etc to define and explain SMEs. Out of these constructs, number of employees and annual sales are most often used to delimit the category of SMEs. For most researchers, a small to medium sized firm is one that employs no more than 250 persons and is having annual sales of not more than ?50 million (Analoui and Karami, 2003, p. 26). According to OECD, SMEs are non-subsidiary and independ ent firms that employ less than a given number of people. The most frequent upper

The Leaders Preparation Essay Example | Topics and Well Written Essays - 2000 words

The Leaders Preparation - Essay Example (Zechariah 4:6). A Spiritual leader must remember that he does not operate on his agenda, but God's agenda. The six steps to leadership by Robert Clinton are important for development of effective leaders. This essay will discuss on the main points of "The Leader's Vision" In chapter four. All leaders must have a clear vision. The leader must be able to inspire people and articulate their vision to the followers. However, the most important question one must ask is, where does the vision come from Secular leaders look first to the past history and try to duplicate success. However, God rarely works the same way trice, therefore for a Spiritual leader this model of duplication may prove ineffective. Spiritual leaders should always rely on the Words of God and be sure that their vision is within the will of God. Spiritual leaders should learn to discern to understand God's vision. Christian views of strong leaders are in sharp contrast to world views. In the Gospel Christ demonstrates strength through weakness of people. The world view is one of human strength and human will. Jesus Christ focused on small groups and individuals. The world continues to look at large numbers of people equ ating to success, which stands in contrast to the teaching of Jesus Christ. The primary objective for all Christian Spiritual leaders is it to bring glory to God. The leader must operate as a vessel for the Holy Spirit to operate in, without the leader getting in the way of the will of the Lord. 15. This essay will discuss the main points of Chapter four "Natural and Spiritual Leadership". Li Hung Chang a leader in China said, "There are three kinds of people- those who are immovable, those who are movable, and those who move them." We as Spiritual leaders must realize that there is no such thing as a self-made Spiritual leader." (p28). Christian leaders are made and led by the Holy Spirit. However, people do need to have natural leadership skills. An effective leader does not happen at the moment of conversion. The leader must remember to not major in the minors, and become distracted by minute details. The leader should always have the ability to make clear and decisive decisions. Furthermore, they must be able to focus on priorities and understand his or her weakness. Jesus Christ said, "My grace is sufficient for you, for my power is made perfect in weakness." (2 Corinthians 12:7). Therefore, make decisions based on the strength and power of Jesus Christ. The final objective should be for his glory. 16. This essay will discuss the main points of chapter 5 "Can You Become a Leader" Many leaders in church today look for leaders based on prestige or education. However, Jesus ignored the world view of leaders. Jesus started with individuals who were untrained and without social prestige. For one to be an effective leader he or she must investigate their potential for leadership. A leader must remain calm in crisis and show restraint. A strong leader will be willing to listen to other views and handle criticism. Leaders should always think before speaking. People must have trust in their leaders; one misspoken word can decrease the credibility of the leader.