Introduction
Innovations are essential in the entrepreneurship sector. They redefine business processes maximizing value for consumers and business people. However, despite this importance, some businesses continue to struggle with revolutionizing their operations to reflect modern practices. Resource limitations and expertise to facilitate new knowledge are the most common bottlenecks hindering new ways of doing things in the industry. At the same, front runners make significant progress as they offer applicable solutions to consumers and streamline their organizational processes. This analysis seeks to understand various approaches to innovation to address current gaps in innovation.
Ekore, J. O., & Okekeocha, O. C. (2012). Fear of entrepreneurship among university graduates: a psychological analysis. International Journal of Management, 29(2), 515-524. http://ir.library.ui.edu.ng/handle/123456789/4602.
The target audience for this article is the youth in Sub-Saharan Africa. The authors note that despite the availability of entrepreneurship opportunities, young people shy away from them due to various psychological issues. The audience can read the article to adjust their attitude toward entrepreneurship. The authors are affiliated with the University of Ibadan, Nigeria. Ekore J. O specializes in psychology, while Okekeocha has an interest in entrepreneurship. They have authored other academic papers in their respective fields.
The article’s findings indicate that youth attitudes significantly determine how they approach starting a business. The findings also imply that the lack of young people in entrepreneurship inhibits innovations as no new thoughts are adopted. The study’s major strength is the use of a large sample size of students from various universities in Nigeria. The sample is representative as it includes students from diverse fields, including sciences, arts and engineering.
While the audience is the youth from Sub-Saharan Africa, the study can be employed in the current research to make comparisons of youth attitudes toward entrepreneurship in other parts of the world. Young people generally fear venturing into business. Perhaps this is one of the reasons why innovations in the sector are dwindling. It can be used as a basis for subsequent studies investigating youth attitudes in business and innovation.
Graetz, F., & Smith, A. C. (2010). Managing organizational change: A philosophies of change approach. Journal of change management, 10(2), 135-154. https://doi.org/10.1080/14697011003795602
This article by Graetz & Smith (2010) is appropriate for a wide range of audiences. The authors investigate the role of organizational change in catalyzing innovation. The findings indicate that contrary to the conventional belief that change is a one-off event, it is continuous and never-ending. Other results indicate that organizations must approach change from a multidimensional view as it has tremendous implications on their capacity to exploit and explore.
The knowledge from this source is useful for this research as it will facilitate the analysis of innovation from a change perspective. It can also help academic audiences build their knowledge of the link between organizational change and innovation. The limitation of the article is that it might fail to address contemporary business issues. Some sources date as far back as 1977 and might fail to address recent developments in entrepreneurship.
The authors are interested in organizational change procedures and their effect on entrepreneurship. They have written other articles on different topics related to business management. They have headed various institutional departments, implying that they thoroughly understand the topic. The presentation of findings and extensive literature review shows they are credible academicians with a good comprehension of business management.
Hunter, M. (2012). On some of the misconceptions about entrepreneurship. Economics, Management and Financial Markets, 7(2), 55. https://www.proquest.com/openview/353f9dc7e0ea9c87af1b1f9c5fb44f3e/1?pq- origsite=gscholar&cbl=136107.
The author of this article has written several books and commentary papers on entrepreneurship. He is involved in business consultancy and has founded several startups in the past. His experience in business management spans 30 years. In this article, he offers a different perspective on entrepreneurship, with potential entrepreneurs being his target audience. Most people start businesses to achieve breakthroughs; this article can provide helpful information to such audiences.
The article’s limitation is its overreliance on qualitative evidence. The author does not provide statistical support for his claims. Some can, however, argue that his vast experience in the industry offers him the authority to express these sentiments. The findings indicate that the media has over-glorified entrepreneurship making people venture into business for the wrong reasons. This hinders progress in the industry since the new entrants lack clear objectives.
This study can leverage the author’s views to develop an authoritative paper. Hunter (2012) contends that entrepreneurs must have a proper attitude in addition to innovation. He argues that there are no entrepreneurs but rather people who act entrepreneurially. This research can examine entrepreneurship from the author’s unique view.
Li-Ying, J., & Nell, P. (2020). Navigating opportunities for innovation and entrepreneurship under COVID-19. California Management Review, 63(1), 1-6. https://cmr.berkeley.edu/2020/06/innovation-entrepreneurship/
This article is appropriate for a wide range of audiences. It is beneficial for entrepreneurs affected by the COVID-19 pandemic. Since the effects of the virus affect other sectors of the economy, it is also useful for various sections of consumers. Li-Ying has written articles in academic journals; his interests are innovation, entrepreneurship and technology. Nel is an equally accomplished scholar who specializes in business and economics. He has numerous publications in reputable journals.
Published only two years ago, this article paints a picture of the current entrepreneurship environment. One of the limitations is that the findings are inconclusive since the world has yet to recover from the pandemic fully. The source can be used in this research to help identify business innovations to overcome the pandemic. Further, it can be a roadmap to overcoming future pandemics.
The findings indicate that while the COVID-19 pandemic has far-reaching negative implications, it has some positive effects. The most crucial implication is that the pandemic has fostered working relationships with the government and stakeholders in the private sector. It has also accelerated transformative technologies that would have taken many years to be adopted. In school settings, lessons have quickly shifted to online platforms previously unutilized.
Vojak, B. A., Price, R. L., & Griffin, A. (2012). Serial innovators: How individuals create and deliver breakthrough innovations in mature firms. Research-Technology Management, 55(6), 42-48. https://doi.org/10.5437/08956308X5506899
In this article, the authors discuss how specific individuals, known as serial innovators, contribute to product development and revenue generation. They postulate that organizations must support such individuals as they offer solutions in ways that customers generate customer value. Company employees do not operate in a vacuum; top management has to offer requisite support to facilitate further innovations. From the discussion, serial innovators show specific characteristics that leaders should identify and nurture.
The article uses a formal tone and structure, making it appropriate for an academic audience. This source will be useful in this study as it offers meaningful qualitative insight into entrepreneurship. It also makes appropriate references from credible sources to support claims. The authors have different backgrounds in entrepreneurship and innovation. They have in-depth entrepreneurship knowledge and the relevant authority to prepare the article. They have all jointly or singularly published other chapters on the same topic.
The research findings indicate that serial innovators share similar characteristics despite the industry. They posit that these employees are the powerhouses that lead meaningful developments. Consequently, startups can borrow a leaf from leading organizations on how to facilitate innovation. The major limitation of this study is that it is mainly qualitative. It lacks figures to support the researchers’ claims.
Conclusion
This article analysis includes articles examining different areas of entrepreneurship and innovation. The authors seem to agree that the survival of a business is largely dependent on change. Indeed, innovations distinguish modern businesses and those of the 19th and 20th centuries. To ensure their survival and relevance, entrepreneurs must progressively adopt changes. The articles summarized above offer different perspectives crucial to the upcoming research.
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