you need to address the concept of innovation as it relates to global business. discuss the three principles of innovation that have to do with economic growth, the need for a market economy, and the necessity of property ownership.

you need to address the concept of innovation as it relates to global business. discuss the three principles of innovation that have to do with economic growth, the need for a market economy, and the necessity of property ownership.

Action Items

1. Review the grading rubric (below) for this assignment & business brief sample.

2. Review what Hill wrote about innovation on pages 69 and 70 of the textbook: (not very important will attach later)

Innovation and Entrepreneurship are the Engines of Growth
Innovation and Entrepreneurship require a Market Economy
Innovation and Entrepreneurship require Strong Property Rights

3. Identify a company that you feel is innovative or began as an innovative endeavor. This can be any company that you know about, one that you work for or have worked for, or one that you research to become familiar with. (chose a well known & well reputed international company that easy to info about)

Note: You must know or have learned enough about the company and its history of innovation or current innovative practices.

4. Prepare a 2-page brief about innovation with respect to this company:

*Describe how this company is innovative or began as an innovative endeavor.
*Describe what innovation you would now propose for the company and explain your rationale for the proposal you make.
*Describe the implications your proposal would have internationally.

5. Support your work with references to your readings with propper citations.