Suggestions for Responding to Peer Posts Compare the introduction approach for the product your peer chose to the approach for your own product introduction. How did this affect the success of the product in his or her case versus your own product that you chose? What other factors might have contributed to his or her products success, failure, or slow acceptance? How familiar are you with the product he or she chose? #1 - It may sound kind of risky but I think this idea would really work because it makes sense. Introducing a Debit and Credit card app that all swiping. The reason this may be considered innovative is because it is a new idea that expands a persons ability to use their personal banking actually use the phone to pay for purchases. Please do not steal my idea for there is an actual template being constructed and underway for t break, and even get demagnetized.....has that happen to you before? Very embarrassing when you have to leave your purchases to go to the Shamika The Debit and Credit Card application should be introduced to the virtual market by an entreprenuer approach. I think from the research I have collected, this approach will allow the opportunity to gain wins and create an improved way to purchase goods and services. The only backlash would be that retailers and businesses would have to purchase equipment in order to take such payment. In saying that, the losses would be defined as not wanting to upgrade which keeps the person at risk to loss, theft, or damage. It makes sense if a person loses a phone they report it stolen but guess what?, not the card. As when you access the app, your pin number must be entered in order to get the scan code. So even if your phone is stolen, you would not have to report your debit or credit card because you can just go back home and get it to buy another phone if needed. Shamika #2 - As I researched products to give myself ideas, I came across the self-stirring coffee mug. At first I thought it was a joke until I saw there was a link to purchase it on Amazon. The first thing that came to my mind was how much I hate the residue at the bottom of cup from my hot chocolate. As ridiculous as this product might sound I think it is innovative and just plain genius for many reasons. First and foremost, it's a unique and never before seen or made item. Second, it shows how we can play around with technology; kind of like a sneak peek to our future's utensils. Third, it's definitely a new method of mixing your favorite drink, whether it's cold or hot.The self-stirring coffee mug was invented by Evelots Corporation that invents many novelty type items. Before I stumble across it, I never heard of the mug and because I'm usually the last to hear about things I asked everyone I knew if they ever heard of it. Each individual replied, no and they would buy it or at least want one. I checked out the reviews on Amazon and majority of them were satisfactory commons. The few that disliked it was not because of the specialty of it, but because the battery life is short and the rotary keep sticking. Like many of their products such as their button extenders, ab wheel, and dryer balls are more like crafty, helpful gadgets, and conveniences on life kind of purchases.I think because it is an intrapreneurship product it wasn't pushes to be advertised widely. I think that may have hindered the ability of how much profit it could be actually making. I say this because most people will buy it for themselves or someone else, if they knew it was out there. Consumers in general will keep it even if they're displease with it just because they don't want to ship it back or tell their friend that they don't like it. I think it should be more advertised because it's something a lot of people would at least be interested in, whether it's for a purchase or just to see it on a commercial.Entrepreneur products are more likely to be advertised everywhere because they want to guarantee the success of their product. A corporation like Evelots own many products and work with many businesses to help substance their profits. I feel that it is both an advantage and disadvantage for intrapreneur products. The advantage is they are usually inexpensive items and could be found at a variety of vendors. The disadvantage is the products might not reach as much potential customers because they don't get advertised like other popular well-advertised items. During my research I discovered many products that was very innovative but I never heard of or seen. Somewhere down the line someone decided that it wouldn't sell enough to cover the advertisement fees so they ended up just being sold on sites like Amazon. Samatha Black #3 - Christina Harrison Having a good idea for an industry would be to come up with a new type of house paint that would have a red benefit people that use this paint to have a safe, easy and fast way to go from room to room, leaving out the da vapors that are let off from paints by replacing chemicals with that of compounds that would form the same kin Introducing this new product to a do-it-yourself store, will show how safe it is to improve or change any look t responsible for the creation of this new paint, also the manufacture will continue with their research to see wha Using intrapreneurship can help manufacturers to understand what structures and cultures that would use odorl employees. Disadvantage would be having no control over any activities or the cost of this invention can show The challenges faced with any new innovation would be showing how any new product be good for any enviro consumers would be able to afford the new type of paint is one good idea. Making advertisement and showing consumers a good idea on this product so they would want to buy and use in the homes, especially those that a Advanced Entrepreneurship (MGMT422-1503A-02) Unit 1 - Discussion Board (Intrapreneurship & Entrepreneurship) Deliverable Length: 4-6 paragraphs Assignment Description The purpose of the Discussion Board is to allow students to learn through sharing ideas and experiences as they relate to course content and the DB question. Because it is not possible to engage in two-way dialogue after a conversation has ended, no posts to the DB will be accepted after the end of each unit. Library Research Assignment Using the library, Internet, or any other available resources, to define the term innovation. Then, research what you think is an example of an innovative product or service. Include the following within your discussion: What is your product, and why do you feel the product you have selected is innovative within its industry? How was the product introduced to the market, and which approach was usedentrepreneurship or intrapreneurship? What were the advantages or disadvantages resulting from using the particular approach? What were the challenges faced in bringing the innovation to market? I came up with something different called \"BlueSmart Suitcase\" http://www.forbes.com/sites/michellegreenwald/2015/01/12/top-11-innovative-products-and-services-of2014/ iPhone or BlueSmart Suitcase Intrapreneurship & Entrepreneurship Unit 1 Discussion Board (Please Revise) Innovation is bringing creativity to life. An innovation can be small, large, complex, or simple. Innovations are not just technical achievements, but designs as well. The industry, style, and type of an innovation are all irrelevant; the impact is what determines its qualification. Innovation links to the growth and performance through the improvements in quality, productivity, efficiency, market share, and competitive positioning. It adds value by altering old practices and forms. Businesses that don't innovate may be demolished by the ones who do. An innovative product is a product that makes that leap into the benefits to costs quota in some area of venture (What is innovation, n.d.). The iPhone is a great example of an innovative product. The iPhone is a multimedia and internet enabled smartphone designed and marketed by Apple, Inc. The success of the phone is centered on the flexible features it provides. The functionality and features of the device are enough to show superiority over all other smartphones, enough to attract user without the need of additional effort from promotions to boost the desire of the device. The main task is to make its characteristic known to the public and make the device available for customers without disappointment, which has been a huge success in the past. The iPhone has innovative attributes that are not available with other smartphones. With every new iPhone launch more people want to have the device with them, therefore the sale of the device is making history (The innovative product known as iPhone, 2011). The device was introduced to the market by Steve Jobs, however it was nearly six months later before the device was available to the public. The iPhone was known to be revolutionary with an innovative design. It gained a burst of attention because it required very little hardware. AT&T became an exclusive distributor of the device. The approach used in introducing it was intrapreneurship. Since Steve Jobs used AT&T to introduce the device, he was behaving like an entrepreneur, but with a larger business (Fidlin, 2011) . One of the big disadvantages of releasing the iPhone with AT&T is that many customers would have to switch their current mobile subscription to AT&T in order to get an iPhone. This could cause them to obtain early termination fees with their current carrier, deposit fees with AT&T, and possibly higher monthly rates. The customers already with AT&T wouldn't have a problem getting the phone, other than a possible increase in monthly charges. Apple faced many challenges when trying to bring the device to the market. They had to obtain operating permits from the FCC, patents on all their software, and the short battery life. With new each release, a new issue arises with problems with the phone. With the first iPhone there was the problem with the proximity sensor on the phone not being good enough, resulting in dropped calls. Not to mention the strain on the battery life on the phones wouldn't support many of the features available. The third generation iPhone had a plastic back which resulted in overheating and melting. The icons would often show the wrong applications or disappear. And with the iPhone 4 when people hold the phone their hand covers the antenna resulting in dropped calls, as well as the volume rocker not working correctly. As with any device there are going to be problem when it's introduced to the market. It's up to Apple to correct these problems and make the customer happy and keep coming back for the next generation ( Problems with iPhone, 2010) . Fidlin, D. (2011). The history of the iPhone. Retrieved November 7, 2011 from http://www.ehow.com/about_5377961_history-iphone.html Problems with Iphone. (2010). Retrieved November 7, 2011 from http://www.buzzle.com/articles/problems-with-iphone.html The innovative product known as iPhone. (2011). Retrieved November 7, 2011, from http://www.212articles.com/the-innovative-product-known-as-iphone/ What is innovation? (n.d.). Retrieved November 7, 2011 from http://www.bia.ca/what-isinnovation.htm Unit IP A Topic that remains from the Discussion Board is \"\"BlueSmart Suitcase\" or iPod Assignment Description Part 1: Product Idea Using your product example from the previous Discussion Board post, begin your paper with the following: What is your product, and why do you feel the product you have selected is innovative within its industry? How was the product introduced to the market, and which approach was usedentrepreneurship or intrapreneurship? Give a brief description of some advantages, disadvantages, or challenges resulting from using the particular approach? Part 2: Business Model Then, create a scenario that illustrates what might have happened had the following occurred: The intrapreneurial product been brought to market through entrepreneurship. The entrepreneurial product been brought to market through intrapreneurial means. Explain the different risks, skill sets, organizational assets, funding, and keys to success that would have been necessary to accomplish this different approach. Deliverable Length: 3-5 pages Advanced Entrepreneurship (MGMT422-1503A-02) Unit 1 - Discussion Board (Intrapreneurship & Entrepreneurship) Deliverable Length: 4-6 paragraphs Assignment Description The purpose of the Discussion Board is to allow students to learn through sharing ideas and experiences as they relate to course content and the DB question. Because it is not possible to engage in two-way dialogue after a conversation has ended, no posts to the DB will be accepted after the end of each unit. Library Research Assignment Using the library, Internet, or any other available resources, to define the term innovation. Then, research what you think is an example of an innovative product or service. Include the following within your discussion: What is your product, and why do you feel the product you have selected is innovative within its industry? How was the product introduced to the market, and which approach was usedentrepreneurship or intrapreneurship? What were the advantages or disadvantages resulting from using the particular approach? What were the challenges faced in bringing the innovation to market? I came up with something different called \"BlueSmart Suitcase\" http://www.forbes.com/sites/michellegreenwald/2015/01/12/top-11-innovative-products-and-services-of2014/ iPhone or BlueSmart Suitcase Intrapreneurship & Entrepreneurship Unit 1 Discussion Board (Please Revise) Innovation is bringing creativity to life. An innovation can be small, large, complex, or simple. Innovations are not just technical achievements, but designs as well. The industry, style, and type of an innovation are all irrelevant; the impact is what determines its qualification. Innovation links to the growth and performance through the improvements in quality, productivity, efficiency, market share, and competitive positioning. It adds value by altering old practices and forms. Businesses that don't innovate may be demolished by the ones who do. An innovative product is a product that makes that leap into the benefits to costs quota in some area of venture (What is innovation, n.d.). The iPhone is a great example of an innovative product. The iPhone is a multimedia and internet enabled smartphone designed and marketed by Apple, Inc. The success of the phone is centered on the flexible features it provides. The functionality and features of the device are enough to show superiority over all other smartphones, enough to attract user without the need of additional effort from promotions to boost the desire of the device. The main task is to make its characteristic known to the public and make the device available for customers without disappointment, which has been a huge success in the past. The iPhone has innovative attributes that are not available with other smartphones. With every new iPhone launch more people want to have the device with them, therefore the sale of the device is making history (The innovative product known as iPhone, 2011). The device was introduced to the market by Steve Jobs, however it was nearly six months later before the device was available to the public. The iPhone was known to be revolutionary with an innovative design. It gained a burst of attention because it required very little hardware. AT&T became an exclusive distributor of the device. The approach used in introducing it was intrapreneurship. Since Steve Jobs used AT&T to introduce the device, he was behaving like an entrepreneur, but with a larger business (Fidlin, 2011) . One of the big disadvantages of releasing the iPhone with AT&T is that many customers would have to switch their current mobile subscription to AT&T in order to get an iPhone. This could cause them to obtain early termination fees with their current carrier, deposit fees with AT&T, and possibly higher monthly rates. The customers already with AT&T wouldn't have a problem getting the phone, other than a possible increase in monthly charges. Apple faced many challenges when trying to bring the device to the market. They had to obtain operating permits from the FCC, patents on all their software, and the short battery life. With new each release, a new issue arises with problems with the phone. With the first iPhone there was the problem with the proximity sensor on the phone not being good enough, resulting in dropped calls. Not to mention the strain on the battery life on the phones wouldn't support many of the features available. The third generation iPhone had a plastic back which resulted in overheating and melting. The icons would often show the wrong applications or disappear. And with the iPhone 4 when people hold the phone their hand covers the antenna resulting in dropped calls, as well as the volume rocker not working correctly. As with any device there are going to be problem when it's introduced to the market. It's up to Apple to correct these problems and make the customer happy and keep coming back for the next generation ( Problems with iPhone, 2010) . Fidlin, D. (2011). The history of the iPhone. Retrieved November 7, 2011 from http://www.ehow.com/about_5377961_history-iphone.html Problems with Iphone. (2010). Retrieved November 7, 2011 from http://www.buzzle.com/articles/problems-with-iphone.html The innovative product known as iPhone. (2011). Retrieved November 7, 2011, from http://www.212articles.com/the-innovative-product-known-as-iphone/ What is innovation? (n.d.). Retrieved November 7, 2011 from http://www.bia.ca/what-isinnovation.htm Unit IP A Topic that remains from the Discussion Board is \"\"BlueSmart Suitcase\" or iPod Assignment Description Part 1: Product Idea Using your product example from the previous Discussion Board post, begin your paper with the following: What is your product, and why do you feel the product you have selected is innovative within its industry? How was the product introduced to the market, and which approach was usedentrepreneurship or intrapreneurship? Give a brief description of some advantages, disadvantages, or challenges resulting from using the particular approach? Part 2: Business Model Then, create a scenario that illustrates what might have happened had the following occurred: The intrapreneurial product been brought to market through entrepreneurship. The entrepreneurial product been brought to market through intrapreneurial means. Explain the different risks, skill sets, organizational assets, funding, and keys to success that would have been necessary to accomplish this different approach. Deliverable Length: 3-5 pages