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What are the sources of innovation

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Reference no: EM131050837

As an IT entrepreneur, with your associate (s), you want to build a new company in ISTANBUL, based on technological innovation which could lead you to get great competitive advantage compared to a strategy based on just being cheaper.

After determining the type of service and/or product you want to develop, you need to answer successfully to the following questions with your associate(s):

  • What are the sources of Innovation you can use by being in Istanbul?
  • What type of innovation do you target?
  • Will you be a first mover or a follower into the targeted market? Why?
  • Use the 5 forces of M. Porter to analyze the targeted market and build the frame of your performance assessment with the help of the Balanced Scorecard.
  • How will you raise the necessary money of your project?
  • Where will you locate your company?
  • What will be your collaboration strategy? Why?
  • How will you protect your innovation?
  • How will you manage the new product development process?
  • How will you manage your team?

Reference no: EM131050837

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