Lecture

Why innovate?: The essence of innovation

Description

This lecture delves into the concept of innovation, exploring the definition of an innovative idea as the practical realization of a new method, device, or concept. It also discusses entrepreneurship and intrapreneurship, emphasizing the pursuit of opportunities regardless of current resources. The lecture further examines real-world examples of innovative business models, such as Uber and Airbnb, which challenge traditional paradigms. Additionally, it analyzes the network imperative in the digital age, highlighting different business models' scalability and performance metrics. The discussion extends to the correlation between business models and multipliers, showcasing how companies can achieve high scalability and success through innovative approaches.

About this result
This page is automatically generated and may contain information that is not correct, complete, up-to-date, or relevant to your search query. The same applies to every other page on this website. Please make sure to verify the information with EPFL's official sources.

Graph Chatbot

Chat with Graph Search

Ask any question about EPFL courses, lectures, exercises, research, news, etc. or try the example questions below.

DISCLAIMER: The Graph Chatbot is not programmed to provide explicit or categorical answers to your questions. Rather, it transforms your questions into API requests that are distributed across the various IT services officially administered by EPFL. Its purpose is solely to collect and recommend relevant references to content that you can explore to help you answer your questions.