An examination of innovation and imitation with regards to organizational theory.
Written in 2008; 1,596 words; 6 sources; MLA; $ 52.95
Paper Summary:
This paper discusses the differences between innovation and imitation in entrepreneurship. It specifically looks at these concepts in the light of organizational theory. The paper concludes that both imitation and innovation are ways by which knowledge can be diffused within the organization or, often in the present, between different organizations.
From the Paper:
"Indeed, the knowledge exchange between peers can virtually go both ways at any given time. If we take, for example, a start-up software producing company, most of the individuals employed in this organization will be software developers. Between them, we are likely to have two different types of characters. We will have the innovators, those who study new approaches, find new solutions and implement them in their day-to-day work (although at some point they can also be imitators, drawing on the ideas from books etc. although here we need to make a distinction between learners and imitators), and we will have the imitators, who will base their work in the company on the knowledge that the former diffuse within the organization."
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