Business Studies Assignment on The Innovation-Entrepreneurship Relationship

DDBA 8006: Contemporary Challenges in Business
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Week 6: Innovation
Creativity is thinking up new things. Innovation is doing new things.
—Theodore Levitt, “Creativity Is Not Enough”
There are many viewpoints concerning innovation and many concepts of what innovation involves.
These viewpoints and concepts vary by industry. In the Dictionary of Management, Nandhakumar
(2010) defined innovation as “the development of new products or new ways of selling” (p. 203).
Consider the following scenarios to gain an understanding of only a few simple forms of innovation:
A technology company creates a virtual reality television, allowing people to interact with their
favorite characters and programs in their living rooms and revolutionizing home entertainment.
The manager of a small restaurant develops a process that enables him to deliver hot food to
busy lunchtime crowds in half the usual time, resulting in higher customer satisfaction and
higher profits.
Both of these scenarios depict different forms of innovation. The pressure to innovate can affect
nearly every aspect of business and the decision of whether and how to innovate generates
multifaceted debates.
This week, you will explore and share your perspectives on the topics of innovation and
entrepreneurship and their relationship to each other. You will also evaluate scholarly literature related
to innovation and specific to your degree specialization.
Learning Objectives
Independent scholars will:
Analyze the relationship between global innovation and entrepreneurship within organizations
Construct an annotated bibliography of resources related to innovation in the doctoral specialization
Learning Resources
Note: To access this week’s required library resources, please click on the link to the Course
Readings List, found in the Course Materials section of your Syllabus.
Required Readings
Ekore, J. O., & Okekeocha, O. C. (2012). Fear of entrepreneurship among university graduates:
A psychological analysis. International Journal of Management, 29(2), 515–524.
Graetz, F., & Smith, A. C. T. (June 2010). Managing organizational change: A philosophies of
change approach. Journal of Change Management, 10(2), 135–154.
Griffin, A., Price, R.L., & Vojak, B. A. (2012). Serial innovators. Research Technology
Management, 55(6), 42–48.
Hunter, M. (2012). On some of the misconceptions about entrepreneurship. Economics,
Management, and Financial Markets, 7(2), 55–104.
Piva, E., Rentocchini, F., & Rossi-Lamastra, C. (2012). Is open-source software about
innovation? Collaborations with the open-source community and innovation performance of
software entrepreneurial ventures. Journal of Small Business Management, 50(2), 340–364.
Walden University. (n.d.). APA course paper template.
https://academicguides.waldenu.edu/writingcenter/templates/general#s-lg-box-20293631
Important Note: This template must be used for every assignment in this course unless
otherwise noted. Failure to use this template will result in a mandatory grade of zero for
that Assignment. It is recommended that you download and save this template so you have it
available for future Assignments.
Optional Resources
Walden University. (2015d). Common course assignments: Annotated bibliographies. Retrieved
from http://academicguides.waldenu.edu/writingcenter/assignments/annotatedbibliographies
Note: This site contains a number of subsections: “Formatting,” “Summary,” “Critique/Analysis,”
“Application,” and “Example.” Please be sure to review all information contained within this
larger section. If you need additional support on completing an annotated bibliography, please
review one of the webinars found in this week’s Optional Resources.
Walden University. (2015h). Reference list: Common reference list examples. Retrieved from
http://academicguides.waldenu.edu/writingcenter/apa/references/examples
Walden University. (n.d.). Sample annotated bibliography.
https://academicguides.waldenu.edu/writingcenter/assignments/annotatedbibliographies#s-lgbox-4863537
Purdue University. (2016). Annotated bibliographies. Retrieved from
http://owl.english.purdue.edu/owl/resource/614/01/
Walden University. (2015b). Annotated bibliographies [Webinar]. Retrieved from
https://waldencss.adobeconnect.com/p7d6uqxv8g3/?
launcher=false&fcsContent=true&pbMode=normal
Walden University. (2015f). Literature review & annotated basics [Webinar]. Retrieved
fromhttps://waldencss.adobeconnect.com/p8bxho98asi/?
launcher=false&fcsContent=true&pbMode=normal
White House, United States Government (Producer). (2015). The President speaks at the
Global Entrepreneurship Summit [Video file]. Retrieved from https://www.youtube.com/watch?
v=MZxZ2FGmOrg
Discussion: The Innovation-Entrepreneurship
Relationship
The work of the entrepreneur is to innovate and to successfully manage innovation.
—Joseph Maciariello, “Foreward to the Routledge Classics Edition,”
Peter Drucker’s Innovation and Entrepreneurship
Both innovation and entrepreneurship are widely touted as essential components of business and
economic growth, as reflected in the epigraph. Discussion of the topics is almost unavoidable in
business and government circles. Because growth in entrepreneurship and increased innovation are
goals pursued simultaneously, a better understanding of the relationship between innovation and
entrepreneurship has widespread practical implications for business. However, professionals and
researchers from every facet of business continue to disagree on the precise definitions of both
concepts, much less the relationship between them. Researchers also debate the overall impact of
entrepreneurship and innovation and the factors that promote them.
Nonetheless, as more professionals engage in this debate, the academic and professional business
communities gain valuable insights into this important relationship. These insights have implications
not only for business and society as a whole but also for individual global change agent professionals
who make decisions on an everyday basis.
To prepare for this Discussion, review this week’s Learning Resources and consider your personal
and professional experiences with innovation and entrepreneurship.
By Day 3
Post an analysis of the relationship between global entrepreneurship and innovation within
organizations. Your analysis should include the following:
The implications of this relationship for individuals and global change agents within organizations
Specifics about how this relationship affects your own approach as a global change agent to risk
taking and the way your personal strengths may or may not reflect the relationship between global
innovation and entrepreneurship
Be sure to support your work with a minimum of two specific citations from this week’s Learning
Resources and one or more additional scholarly sources.
Refer to the Week 6 Discussion Rubric for specific grading elements and criteria. Your Instructor will
use this rubric to assess your work.
Read a selection of your colleagues’ postings.
By Day 5
Respond to at least two of your colleagues’ postings in one or more of the following ways:
Offer an example of a global change agent or company that exemplifies the relationship between
innovation and global entrepreneurship suggested by your colleague.
Offer an alternative relationship between global entrepreneurship and innovation.
Please note that, for each response, you must include a minimum of one appropriately cited
scholarly reference.
Return to this Discussion in a few days to read the responses to your initial posting. Note what
insights you gained as a result of reading the comments your colleagues made.
Submission and Grading Information
Grading Criteria
Post by Day 3 and Respond by Day 5.
Assignment: Annotated Bibliography on
Innovation
As previously noted, scholarly research and writing are key components of the DBA program of study,
but this aspect of doctoral research may seem daunting, even to those with years of experience in
the business. Specifically, for some independent scholars, completing their literature review can be
To access your rubric:
Week 6 Discussion Rubric
To participate in this Discussion:
Week 6 Discussion
overwhelming, and writing more than 25 pages while ensuring critical analysis and synthesis of the
literature is not easy. You can help ensure your success, however, by thinking of doctoral research
and writing as an orderly process designed to facilitate quality.
Completing an annotated bibliography is one of the foundational steps in the doctoral process, and it
will help you organize and evaluate resources for later use. You will be able to reflect critically on the
merits and relevance of each resource to your topic of the doctoral research study. By collecting peer-reviewed articles from peer-reviewed journals that are within 5 years of your anticipated graduation
date and by collecting seminal literature where applicable, you will lay the foundation for the successful
completion of your Doctoral Study. You will begin this important process now.
To prepare for this Assignment, do the following:
Read this week’s Learning Resources focused on the annotated bibliography to understand the
the rationale for its use and the format and content required.
Find five peer-reviewed articles on innovation related to your specialization.
Use the resource “Reference List: Common Reference List Examples” as a quick guide for
formulating your bibliographies to maintain alignment with APA formatting.
Use the APA Course Paper Template, linked in this week’s Learning Resources, to complete this
Assignment.
By Day 7
Submit a 3- to a 5-page annotated bibliography, in which you do the following:
Write a reference citation for each of your five sources, ensuring adherence to proper APA
formatting.
Provide a summary for each article, followed by a critique and analysis, including the following:
Appropriateness for the intended audience
Authority or background of the author
Limitations, depending on the scope, reliability, age of the document, and bias
Research findings
The usefulness of the source for your purposes
Conclusion
Note: Each annotation does not have to belong (2–3 paragraphs), but you need to take into
consideration the points listed. Model your document after the sample provided in this week’s
Learning Resources and use the resources in the Walden Writing Center for additional help.
Be sure to use the APA Course Paper Template to complete this Assignment. Also, refer to the
Week 6 Assignment Rubric for specific grading elements and criteria. Your Instructor will use
this rubric to assess your work.
Submission and Grading Information
To submit your completed Assignment for review and grading, do the following:
Please save your Assignment using the naming convention “WK6Assgn+last name+first initial.
(extension)” as the name.
Click the Week 6 Assignment Rubric to review the Grading Criteria for the Assignment.
Click the Week 6 Assignment link. You will also be able to “View Rubric” for grading criteria from
this area.
Next, from the Attach File area, click on the Browse My Computer button. Find the document you
saved as “WK6Assgn+last name+first initial.(extension)” and click Open.
If applicable: From the Plagiarism Tools area, click the checkbox for I agree to submit my
paper(s) to the Global Reference Database.
Click on the Submit button to complete your submission.
Due to the nature of this assignment, your instructor may require more than 5 days to provide you
with quality feedback.
Grading Criteria
Check Your Assignment Draft for Authenticity
Submit Your Assignment by Day 7.
To access your rubric:
Week 6 Assignment Rubric
To check your Assignment draft for authenticity:
Submit your Week 6 Assignment draft and review the originality report.
To submit your Assignment:
Week 6 Assignmen