Business Evolution

Task:

1. Explain what is meant by “innovation is evolutionary”. 2. “An institution is the lengthened shadow of one person.” What does this mean? How does it relate to the case study from the lecture? 3. It is often said that successful innovators and inventors have great persistence. Discuss two examples of where Soichiro Honda showed “great persistence”? 4. List examples of where teamwork is displayed in the Soichiro Honda case study. 5. It is said that when innovative people are faced with change, they see opportunity where other people see a threat. Discuss an example of this in the Honda case summary. 6. Explain what is meant in the case summary when it mentions “Hondaism”. 7. List and describe the four barriers to innovation as outlined by Lundin and Tan. Find an example of each one from any of the case studies your tutorial group have discussed.