business concept and types
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8/3/2019 BUSINESS Concept and Types
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BUSINESS Concept and Types
Innovation may be defined as a process by which varying degrees of measurable value
enhancement is planned and achieved, in any commercial activity. This process may be
breakthrough or incremental, and it may be achieved by:• introducing new or improved goods or services and/or
• implementing new or improved operational processes and/ or
• implementing new or improved organizational/ managerial processes
• in order to improve market share, competitiveness and quality, while reducing costs.
An idea or project is not an innovation unless it is applied in practice and put onto the market.
Innovation occurs at the intersection of invention and insight. It is about the application of
invention - the fusion of new developments and new approaches to solve problems.
Innovations are broadly divided into the following types:
Technological innovations: are associated with the use of technological knowledge, research
and development activities. Any innovation due to an industrial application of scientificknowledge is a technological innovation.
Product innovations: involve introduction of new goods and services which are significantly
improved in terms of design excellence, core characteristics, technical specifications etc.
Process innovations: comprises introduction of a new or significantly improved production
process involving new ways of producing goods and services that maximizes speed, service,
quality, simplicity and waste reduction.
Management innovations: essentially means implementation of new management practices,
innovative ways of doing things and dramatically transforming and improving the
effectiveness of management functions and significant departure from the current norms.Successful innovations occur when technological, product, or process innovations
in the value chain are implemented through effective management innovations.Innovation as a driver for growth, profitability and success of an organizationincludes people, leadership, creativity, process and organizational culture.Innovation in an organization should not be approached in a piecemeal mannerbut in a systematic enterprise wide capability including the lowest levels.
Basic Business Concepts
Many people say, if we have a desire to do business from the start right now! And of course
that we must prepare for these things without a concept or good planning. It would be better
if we make different concept from existing concepts. But need not be complicated and
difficult to reach or run. Create a concept with a simple but direct approach toward solving
the problem, so the products or services easily accepted by the market.Many questions arise when creating a business concept. Who is your target market? What is
the amount of the market that we will achieve? What is a good margin so that products can be
accepted by the market? How is the condition of our competitors? Of course we needed
foresight as a businessman candidate for the product or services we sell can be acceptable to
the market.
There are several types of businesses:
1. Early Birds
This type has been projecting itself from the school wants to be entrepreneur
2. Smooth Lander
They are professionals who continue to hone their abilities, while in career to the highest
possible level. They look forward to a golden opportunity where investors want to give thema chance to run a business.
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3. Amphibious
They are young professionals who are full of enthusiasm, but were careful to live a business
adventure. As soon as basic needs are met, they began to do various forms of guerrilla
warfare. Starting from a less smooth like moonlight, or steal the time and opportunity, or
elegant enough to start building a home business, online business, or business network. They
may pay for his family to operate a business beginner. They may also open a kiosk or takeadvantage of his garage. They may also build alliances with co-workers, setting up new
companies that have not diterjuninya in total.
4. Free Diver
This one is really adventurous. They do not really care about the safety of reserves and
resources position. They really rely on dreams and the will power. They only know one thing,
the desire, aspiration, or obsessions and their idealism.
5. Ships Burner
They are the people who early on had devoted his life to the world of business. Could be,
they never even received his formal education bench. Their school is the real business world.
They move and operate the business for business. If a business is not running as expected,
they will not hesitate to leave him and goes into another world of business, new businessworld even though it’s still dark enough for them. If a business turns bringing bankruptcy or
not developed, after feeling quite trying to save, and it is not considered successful, they will
not hesitate to “burn” their ship. They will build new ships, and soon the ocean again.
6. Slow Surfer
They are the businessmen who believe in the saying “little by little, the old-old became the
hill”. They do not hesitate to build a business which is considered small or insignificant
others. They are more focused on learning patterns. They believe that no matter how small it
is, if engaged will surely bring results.
7. Revolusionist
They are the ones who more or less have a soul gamblers (in the positive context of course).
They believe this one: “It only takes one success, to create a series of successes up to seven
generations.”