Publication Type
News Article
Version
publishedVersion
Publication Date
9-2004
Abstract
Innovators experiment with things to come up with new ideas to improve the quality of existing products, develop differentiated or new products and re-organise business processes to lower costs. In a big corporation, there might be a whole R&D department where innovators are employed to design new blueprints so the company can constantly make new offerings. But innovators can also be found in small enterprises tinkering with recipes, for example, to win new customers. Innovators no doubt derive pleasure from their creative work. Yet, in modern economies, they must be employed in a firm that successfully translates their innovative activity into profits so that they can be adequately remunerated for their effort.
Keywords
Innovation, business enterprises, Singapore, education
Discipline
Asian Studies | Education | Technology and Innovation
Research Areas
Macroeconomics
Publication
Asiaone
First Page
1
Last Page
2
Publisher
Singapore Press Holdings
Embargo Period
8-19-2021
Citation
HOON, Hian Teck.
The making of an innovator. (2004). Asiaone. 1-2.
Available at: https://ink.library.smu.edu.sg/soe_research/2486
Copyright Owner and License
Publisher
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.