1) Innovation by Industry and the Importance of Strategy. Explain a business organization that exhibits and demonstrates these concepts. You should develop a summary of the organizations strategy and how they use these concepts to compete. Support your answer with 3 references.

2) Are well-established firms or new entrants are more likely to: 1) develop, and/or 2) adopt new technologies? What are some reasons for your choice? (Support your response – i.e., Cite and use 3 references)

3) Research a current event that is related to “Justify why innovation is so important for firms to compete. Be able to identify the characteristics and sources of innovation”. Use electronic news agencies or journals to research a current event should be 1 to 3 years old. Include an industry example demonstrating the application of your researched current event Answer below questions.

A summary of the event.
A brief statement about the relationship of the current event to the topic.
As a manager, how would apply what you have learned to an organization.