ADMS 1010 Lecture Notes - Lecture 10: Tacit Knowledge, Ageism

• School: York University
• Department: Administrative Studies
• Course: ADMS 1010
• Professor: Helen Pogrin

Document Summary

Thursday, march 22, 2018 lecture 11 (lecture 11: business for the future) The discipline of entrepreneurship: there are marked differences between an entrepreneurial personality & systemic practice of innovating. It"s a (cid:272)o(cid:373)(cid:271)o of (cid:271)oth you need the personality and a method to carry out this: entrepreneur, using existing resources to create a new product, ageism nor size matter here they innovate no matter what. Innovation opportunities: unexpected outcomes, accidentally creating or destroying a product or method of production, ex. Ibm ended up developing a great payroll system because the ny public library needed one. Incongruities: mismatches in reality of the economy and processes of creating this product or method, eye doctors and the enzyme, process needs, solves a problem in the system, but ends up changing it into something better instead. Industry & market changes: capitalize on the new opportunities. 1 | p a g e: new knowledge.