New technology and innovation has always had a central place in the
growth of business. In today's digital world, innovation has become an
even more crucial element of success in business. The recent growth of
mobile computing, the web and numerous other technologies are constantly
reshaping the face of business. Even business education is changing
with a growth in websites like
MBA Online offering online education as a
legitimate means of getting a business degree. To see more evidence of
the power of innovation we only need to read the latest business
headlines.
On Friday as I backed out of my driveway, I heard news tidbits on the
radio about a company that was possibly announcing bankruptcy. As the
news recycled, it was announced that it was Kodak that was possibly
going to make the announcement.
Also this week, Amazon announced that yes, they are getting into the tablet business with the
new Kindle Fire.
As a Kindle fanatic, I read everything I could about the product. At
the other end of the spectrum, Borders officially closed their last
store last week.
The Kodak dilemma was not a real shocker, but I was extremely
interested in it. My hobby is photography and I remember buying dozens
of boxes of film at a time. I even had a darkroom in my first house. And
now, because of slow reaction to the transformation of the photo
industry, they are down for the count.
Innovation as part of the business landscape