EID100 Week 6: INNOVATION MIND MAP

1. isolation
   1. Example: Drivers on a highway, free lancers
2. Pure Meshwork
   1. No one is incharge but everyone is connected to each other through another person
      1. Example: Mutuals on Facebook
3. Pure Hierarchy
   1. One person in charge
4. Hierarchy and Meshwork
   1. Multiple Hierarchies can become interconnected and form a meshwork with multiple people in charge

Nota:

• Watch TEDx Talk by Chris Anderson:  https://www.youtube.com/watch?v=X6Zo53M0lcY 

1. Desire
   1. fuelled by social status, global recognition
      1. the need to improve oneself and to take what others have already accomplished and make it better
2. Light
   1. Shines light on the best person and makes that 'best' individual visible to others
3. Crowd
   1. *crowd accelerated innovation*
      1. watching others do well and have others watch you makes you want to 'step up your game'
         1. System is Refuelling

1. Incremental
   1. Taking something that is tried and tested and improving it, a bit, by adding to it
      1. Examples: Apple iPhone 5, 5S, 5C
2. Disruptive
   1. Changing De Facto standard- redefines the industry by creating a new market through the introduction of a new product/service
      1. Examples: Apple MacBooks, Intel Processers

1. Accelerator
   1. funding a new startup business via loans, government grants and investors
2. Incubators
   1. Helps startup business by providing resources, educating them about the workforce