First of all, what is innovation? In the simplest form, innovation is a new technique, method or device. Since a new idea makes sense only if it is better than the old one, innovation comes with improvements. Why will anyone change his method of doing certain things if he won’t get a better, faster or …
The structure of an organization can either facilitate or hinder its progress towards achieving set goals. Hence, every organization that hopes to succeed must have a good structure. Organizational structure determines the flow of information between the different levels of management as well as how roles and responsibilities are delegated and coordinated. One key role …
The duty of an entrepreneur includes managing a business entity with the idea of providing goods and services in a bid to make a profit. However, in this piece, we would be moving a few steps higher. We would be talking about Entrepreneur In Residence (EIR). In fact, the definition of an EIR will vary …
As the year 2017 has officially arrived, here are some of the trends and big ideas that we can expect to develop over the course of 2017, in fields ranging from artificial intelligence to the Internet of Things to quantum computing. #1: Consumer tech companies will double down on the “smart home” Two of the …
We live in a world where everything needs to get done yesterday. It is critical that every industry approaches their operations in a way that it can lead to higher levels of productivity. The technology is already here. AI, the abbreviation for artificial intelligence, has made it possible for machine learning to happen. This can …
One thing which always needs to be realized by entrepreneurs and businessmen is that risks and failures are inevitable. There is no way one can escape them in the real world where the major determinant factor is the personal choice of the general public which can change at any time. This change can be caused …