...became one of the most recognized men in psychology, he received a “C” in his college psychology class and discouragement from his instructor. Thomas Edison made numerous unsuccessful attempts before finally inventing the light bulb. Years of hard work and failed prototypes led to the Wright brothers’ innovative invention of the airplane, which changed today’s world. Sternberg, Edison, and the Wright brothers didn’t get discouraged from their failures but instead held themselves accountable to their success. In doing so, it cultivated the necessary skills, attitude, and character that are crucial to their individual successes. In college, students will experience setbacks and obstacles as well. It can be the most overwhelming experience in a student’s life. In comparison to Sternberg, Edison and the Wright brothers, a student’s key to academic success is personal responsibility. Personal responsibility is the most important underlying component to a student’s academic success because it cultivates the necessary skills, attitude, and character of a student. Students learn to be disciplined, live a well-balanced life, and take charge of their future because it is up to them to do what is necessary in order to succeed academically. Personal responsibility means taking individual accountability for one’s own actions. To be personally responsible is an important factor in all aspects of our lives whether work, school, or with our family. As stated by Galindo and Versera Performance...
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...Form Find: Bottom of Form MagazineArchive Embracing the Fear of Failure By Carlin Flora , published on October 26, 2004 "He who never makes mistakes, never makes anything," goes an English Proverb. Unless we learn to embrace failure (whether it's led by an unavoidable mishap, a moral lapse, or a risk miscalculated), we remain snugly tucked inside our comfort zone. The pressure to be perfect leaves us tip-toeing around family members or coasting on automatic pilot at work, feeling safe but stagnated—and not quite alive. From vaccines to Velcro, many inventions were spawned from accidents, seeming failures. But when Fiona Lee, psychology and business professor at the University of Michigan, explored which conditions help people experiment with novel ideas, she uncovered an interesting phenomenon: "Managers talk a lot about innovation and being on the cutting edge, but on an individual level, many people are not willing to try new things." What's holding us back? A fear of failure. "Corporate America has very little tolerance for failure," Lee reports. Compensation is typically based on tasks well-done, not spectacular (and costly) failures that could eventually produce breakthroughs. Bosses preach innovation, and yet they hover over workers, poised to slap wrists. Lee's study concluded that rewarding employees who repeatedly try new things and fail leads to more innovation and more long-term success. But the more prevalent mixed-message style of management has employees...
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...Communicating Effectively Worksheet Answer the following questions, using information from this week’s readings. Respond to each question in 100 to 200 words. 1. Briefly explain the five choices speakers can make. How do these elements determine a speech’s success or failure? The five choices a speaker can make are invention, arrangement, style, delivery and memory. Invention provides the guiding principle for developing the context of a speech. While researching the topic of the presentation, decisions will be made on what should and should not be included in the speech to support the thesis based on the audience. Arrangement is the shaping of the gathered information within a presentation to ensure a continuous flow between the introduction, body and conclusion of the speech. Style defines the way the presentation is conveyed to the audience, like changing the tone, speed and emphasize of certain words within a speech to create an emotional connection with the audience. Delivery is the way the speech is being presented, which can entail the effective use of tone, expression, movement, as well as audible and visual aids. Memory is ensuring that all key points have been addresses in the speech. Nowadays most speakers either use a presentation outline to ensure flow of the presentation, as it is very unprofessional to jump from main point to main point without any transitional statements between the main supporting data; or they read a written script which can sometimes sound...
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...On just about any company's balance sheet, somewhere between the 'Current Assets' and 'Current Liabilities' sections is a collection of long-lived, revenue-producing assets broken up into two categories - 'Property, Plant, and Equipment' (PP&E) and 'Intangible Assets'. PP&E often contains such non-current assets as land and buildings, motor vehicles, office equipment, computers, and plant and machinery. Intangible Assets is a much broader category including anything from copyrights and patents to trade secrets, customer lists/leads, noncompetition agreements, franchises, and goodwill. The accounting methods for PP&E is very similar to those of Current Assets, though there are significant differences in the costs to be capitalized according to GAAP (the "generally accepted accounting princiapals" as determined by the Financial Accounting Standards Board, or FASB). Accounting for Intangible assets can be much more difficult, though – often, there are different rules for amortization, valuation, and estimation. For instance, there is much more uncertainty associated with intangible assets, so it’s much more difficult to account for the projected future benefits. According to the Spiceland text, “it’s often very difficult to anticipate the timing, and even the existence, of future benefits attributable to many intangible assets…in fact, this uncertainty is a discrimintating characteristic of intangible assets that perhaps better distinguishes them from tangible assets than...
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...THE LEADERSHIP EFFECT 2 Leadership plays a significant role in a company’s ability to succeed or fail. Having a proper selection of a leadership staff that is reflective of company established values will ensure that the employees are guided in the direction in which the company has established. Understanding the diversity of leaders, benefits of great leadership, ability to implement change, company sustainability and employee success is all what great leaders do. Large and small companies have a variety of employees that we can divide into three groups; those that manage, those that lead, and those that follow. Typically leaders have a clear understanding of what they believe their abilities are, however while in leadership roles at times can find themselves struggling to lead due to management expectations and direct group needs. Leadership type qualities can be known as leading by example and doing what employees are expected to do before they do it. Per the University Alliance® (2015), Good leadership qualities can be; o Communication – Good communication talents are mandatory for all stages in a growing work industry; nevertheless leaders need to own exceptional communication abilities. o Motivating teams – Leading by example and showing the group that you are part of the team by executing and not simply directing. o Team building – Knowing your groups strengths and weaknesses will allow the assembly of strong teams that work well together is another...
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...1. Introduction The establishment of Rocky Mountain Chocolate Factory Ico. (RMCF), was in 1982 as a public offering business. It had a global focus and was able to insert itself within the Canadian society and the United Arab Emirates community. Its main activity is within the confectionery industry. The Board of Directors (BoD) has kept its vision and contributed to the success of the business and has carried it to higher levels of efficiency. The innovative capacity of its personnel has given new stands to the business. Its master who design and develops the chocolate mix has been able to continue its fascinating creativity. As the discussion is taken we shall understand the success and also the needs of RMCF. a. Statement problem The Rocky Mountain Chocolate Factory Inc. to address in its continued expansionary growth needs to attend the following as its problem: “impact primary franchisees within continental USA and rest of the world, imminent product patenting, employees’ union agreement and increasing one impact product every year to increase customers’ satisfaction”. 2. Analysis As the case study for RMCF is analyzed; a business engrossed in the confectionery industry, where from year to year there are new entrants to challenge market share and embed in an industry which is proving vibrant and demanding. Based on such facts lets analyze it through a SWOT study. First let’s analyze two factors (Strengths and Weaknesses): Strengths: 1. “The candy maker’s...
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...Intellectual Property, Patent Infringement, Presumption of Validity, Burden of Proof Ken Intellectual Property, Patent Infringement, Presumption of Validity, Burden of Proof According to the case, Microsoft Corp. v. i4i Limited Partnership and Infrastructures for Information, Inc. (10-290) (2011), Microsoft was sued by the software entity i4i Limited Partnership and Infrastructures for Information Inc. The company alleged that i4i’s patent was infringed by Microsoft Word’s XML processing and editing functionalities (Microsoft Corp. v. i4i, 2011). Meanwhile, Microsoft put forth a counter lawsuit, challenging the patent registered by i4i was invalid under the on-sale bar provisions because the technology was sold more than one year before the patent was formally applied (Microsoft Corp. v. i4i, 2011). The software entity i4i Limited Partnership and Infrastructures for Information Inc. (henceforth referred to as "i4i"), is a computer software company that specializes in designing and selling computer software. In June 1994, i4i applied for a patent covering its innovative technology that enables the manipulation of the structure and content of an electronic document. This technology is commonly known as "markup language," and more specifically allows the placing of tags to facilitate the manipulation. One specific markup language, known as XML, allows users to customize their own tags. The overall entity of the document’s structure and tags is known as the...
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...would uphold the good of society. Why is it that good, ethical and moral behavior is not always adhered to? Is it because some people do not understand ethics and what it means to be ethical? To be ethical, one has to decide between right and wrong, determine what is for the betterment of society and act accordingly. Ethics have three basic criteria that must be met obligations, moral ideas, and consequences. Businesses have their own code of ethics and the individuals within that business have to determine whether or not they will follow that code of ethics. Ethical behavior in business is consistent with the principles, norms, and standards of business practice that have been agreed upon by society. At times, however, an individual decides to go against the code of ethical behavior for personal gain. The term patent usually refers to an exclusive right granted to anyone who invents any new, useful, and non-obvious process, machine, article of manufacture, or composition of matter, or any new and useful improvement thereof, and claims that right in a formal patent application. The additional qualification utility patent is used in the United States to distinguish it from other types of patents (e.g. design patents) but should not be confused with utility models granted by other countries. Examples of particular species of patents for inventions include biological patents, business method patents, chemical patents and software patents. Some other types of intellectual property...
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...Google: The Next 20 Billion Dollars Question Google: The Next 20 Billion Dollars Question 1 What do you think are the factors that make Google so successful? The first reason Google is so successful is its core business, the search engine. Google really perfected this tool (they were not the first, just the best) early on and gained first mover advantages. People found google easy to use and as a free search engine, really changed their lives around it. The article mentions Google being added to the English dictionary. The ability to use Google to find information has changed our society in many ways. The advantages and specialization for strictly information has moved from a select few to common knowledge. Google did not sit back and enjoy their success, but instead continued to reinvent themselves and the product mix they offered. The next major breakthrough for Google was the Android platform for mobile phones. Again, this was not a true invention, but Google found a way to bring a current product to customers, in a unique way, that offered value to a lot of people. I think this point is very important because this was nothing like the search engine that made Google successful in the first place. As Google looks for new product offerings for its customers, they are also looking at new places to find customers. The purchases of companies like YouTube, DoubleClick, and AdMob, have added strength and diversity to their product offerings. Google has made a concerted...
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...and new business development can be immense. The high performance elastomers business platform developed at Dow in the last decade is worth over a billion dollars. With the increasingly global competitive environment, this never would have been sustained without the implementation of an IP strategy that took into account the business strategy, competitors’ patenting strategies, the product value chain, and providing a closecoupling of actionable IP strategy to the R&D staff. Previously, as is common in many companies, the IP strategy was basically a legal strategy for obtaining patents. Dow’s attorneys were very good at getting patents granted. However, the disclosing of inventions was left to the initiative of the inventors who were often too busy with their projects to document their inventions. The “Inventor-of-the–Year” Award went to the inventor who received the most U.S. patents in the previous year. Quantity was being rewarded rather than IP value to the business. Many patents of questionable value were obtained. The IP strategy was not linked to the business strategy and there were no processes to implement a business-aligned IP strategy even had there been one. Evaluating the company’s large IP portfolio in the mid-1990s led to the abandonment of 25% of the patents as not related to any business in Dow! Abandoning these...
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...MARKET APPROACH COST METHOD RELIEF FROM ROYALTY TECHNOLOGY FACTOR APPROACH CAPITALIZATION APPROACH REAL OPTIONS METHOD 5 6 6 7 7 9 10 11 12 4.0 RISKS FACTORS AFFERCTING VALUATION OF TECHNOLOGY/ IP 4.1 4.2 INTERNAL FACTORS EXTERNAL FACTORS 14 14 15 5.0 APPENDIX WORKED EXAMPLES 16 16 2 Guide on Valuation of Technology GUIDE ON VALUATION OF TECHNOLOGY 1.0 INTRODUCTION 1.1 Definition of Technology Technology is the technical means people and by extension countries use to improve their surroundings. It is about the knowledge of using tools and machines to do tasks more efficiently. Technology is about people utilizing a combination of knowledge, tools and systems to control the world we live in, improve our ability to work better and to make life easier. In the context of this guide, technology can be in the form of intellectual property (IP), patents, inventions, licenses, know-how, trade secrets etc. 1.2 Role of Technology With the advent of globalization and the opening up of international markets, the critical role of technology as a driver of economic growth and providing added value prepositions has come to be recognized. More countries have come to the realization that the contribution of raw materials and labour has steadily declined in providing the competitive edge to products in relation to percentage of overall costs. There is empirical evidence that; the contribution of new products comes from value addition through innovation and...
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...Marketing and Innovation, the same fate. Sandor Luis Miranda. Student Number: 20145716003 ABSTRAC In this paper a literature review on the development of the innovation process in the course of the years and the importance of SMEs for the same is made. Turn reference to the relevance of the innovation process presented in the marketing strategy of companies to succeed in an increasingly dynamic, demanding and competitive market is. The article also different classifications of innovation are explained according to their degree of implementation, degree origin effect of innovation and its origin, as well as generations or models that have characterized the process of innovation over time. Key words: Innovation, Marketing, Management INTRODUCTION. In an era of globalization and high competitiveness of products, as it is in the changing world of marketing you need to be alert to the demands and expectations of the market, it is vitally important innovation factor. Competitiveness and the need to innovate to continue and grow in the current and future market are concepts used daily in many institutions. The marketing of innovation is a novel approach to technology management to solve the problem of linking research, technological development and the world of new business efficiently. Innovation and marketing are, in competitive markets today, two fundamental tools for business differentiation. Two tools capable of supporting a company as a market leader. The...
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...is quiet distressing when one is unable to reproduce by natural means. In today’s contemporary society, man is so used to controlling its world and has devised many ways to overcome the constraints set forth by nature. For example proper family planning often involves the use of contraceptives in order to avoid an unplanned pregnancy, and when people are ready to have a child, they sometimes discover that achieving conception is not as easy as they imagined. According to World Health Organization (WHO) and the National Center of Health Statistics, about 8-10% of all couples in the developed world face reproductive issues1. In the face of such biological and societal pressure, the failure to conceive is devastating news for individuals since they often tend to view themselves as a failure to be ‘fruitful and multiply’.1 In addition, the feeling of physical inadequacy (i.e. feeling like less of a woman or less of a man) that...
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...Chapter 1 Management and Organizations |GUIDE TO SELECTED REVIEW AND DISCUSSION QUESTIONS | | 1. How do managers differ from nonmanagerial employees? The answer to this question used to be straightforward, but the line between managerial and nonmanagerial employees has blurred as more employees take on task once reserved for managers. To keep the answer from becoming too complicated, the best way to address this question is to focus on the fact that a manager’s job is about helping others do their work. 2. Is your course instructor a manager? Discuss in terms of managerial functions, managerial roles, and skills. Course instructors (in contrast to individuals who hold positions such as department head) are not usually classified as managers. In most situations, a course instructor does not fall within the definition of a manager when utilizing managerial functions, mainly because students are clients rather than employees. In some cases, an instructor has little input about course content or how it is to be taught. In these instances, the instructor makes few managerial decisions. In terms of managerial roles, course instructors may be involved in some ways in the interpersonal, informational, and decisional roles. For example, a course instructor could be seen as a liaison (interpersonal role), a monitor and disseminator (both informational roles), and a disturbance handler and...
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...Ngoc – Tam Thuy Ngo International innovation Dr. Deli Yang The Two Most Impactful inventions in the world: iPad and World Wide Web Ngoc – Tam Thuy Ngo International innovation Dr. Deli Yang The Two Most Impactful inventions in the world: iPad and World Wide Web 1. Introduction Nowadays, technology has become an irreplaceable part of human society. It is undeniable that tablets, smartphones and the internet has play an important role in recreating our world and making it become a better and more imaginative place. Yet technology cannot become what it has become without millions of brilliant inventors throughout the world. Two of the most impactful inventions that will be examined further in this final project are the Internet and the World Wide Web. The reasons behind this selection are because of the iPad and the World Wide Web has influenced so many people around the world. In another word, they changed the way human interacts with technology and with each other. The structure of the paper will start off with the background of the inventions, then follow with the patentability assessment, their impacts, reasons behind the impact, internationalizing patents and conclude with a concise and comparative (ending?) on the two impactful inventions. 2. Background 3.1. Ipad Ipad is an IOS – based line of tablet computers designed, manufactured and commercialized by Apple Inc. The first iPad was invented and developed by Steve Jobs in Cupertino, California...
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