The module strategy for innovation and entrepreneurship from Concordia University of Chicago has totally changed my view towards entrepreneurship. In spite of me coming from a business background my view toward entrepreneurship was similar to whatever I have learnt in this course. The module strategy for innovation and entrepreneurship was taught to us by Mr. Jason ho.
In my opinion entrepreneur is a person who takes high risk and invest his own money in the business to make huge profits. The main aim of entrepreneur is to create something new and creative which helps to solve complex problem. Innovation is something which creates something new or helps to solve complex problems. But my views were totally changed by learning outcomes of this module.
As we learn in this module that entrepreneurship is a dynamic process that involves tradition, risk and resources. Moreover, innovation means not creating something new or doing something in creative way, even opposing point of view into a unified, coherent understanding. Entrepreneurial intensity is one of the most important characteristic of entrepreneurial and innovative activity. The level of intensity in the way entrepreneurialism and innovation is valued in organizations is different for every other organization.
Business model innovation is one of the main concepts that plays an important role in every organizations or startups because it’s a blue print for a business. Its helps every organization how to run the business and structure the management