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In the book Innovation and Entrepreneurship, Peter Drucker defines innovation as “the specific instrument of entrepreneurship […] that endows resources with a new capacity to create wealth” Scott Berkun, from Carnegie Mellon University, believes that “innovation is a significant positive change.”
Because of this, many industries will either be agile , reacting to an ever-increasing number of 5G innovators disrupting their industry, or they will be anticipatory innovators and use the predictability of 5G capabilities to become the disruptor. Internet of Things (IoT). Within the next five years. Cloud Computing.
Think artificial intelligence, augmented reality, IoT (Internet of Things) and blockchain. By taking an agile approach. Now, this innovation maybe 112 years old, but automobile manufacturers the world over build cars using assembly lines to this day. Innovation drives businesses forward. Savvy entrepreneurs know this.
The automotive culture needs to change to one that supports agility, risk-taking, entrepreneurial thinking at every organizational level, and that the idea that innovation comes from both inside and outside the corporation.
The automotive culture needs to change to one that supports agility, risk-taking, entrepreneurial thinking at every organizational level, and that the idea that innovation comes from both inside and outside the corporation.
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