Question

Innovation activities differ between startups and IBM, or do they? Discuss innovation activities that are better suited for small firms and large firms. What innovation activity would allow a small firm to outperform a multinational firm?

Need some assistance to discuss this topic for the FUTURE, not past technology.

Answer 1

On the larger overall view, the innovation of an established business like IBM differs from a start-up of the day. The activities that innovation of a small business is based on an idea which in the case of IBM is already an established business that is built on an idea where the other innovations have to be in line with the primary vision. The innovations for the small firms are better suited as:

· The smaller businesses can develop the needed utilities for the innovation with a great degree of freedom above IBM which is already established set up.

· IBM has to invest heavily for an innovation which has a huge impact on the business that the small firm has an advantage upon on the cost and infrastructure angle,

· The manpower needs for the innovation in IBM would be of great effect to train the new and old ones about it which are neither cost-friendly nor easy for such a huge organization like IBM as its for a firm with few people.

A small business can outperform a multinational firm with a technological innovation which is essential and easy but new. The old or multinational brands may find it difficult to adopt due to its size which the smaller can do as its ongoing and growing. So the activity of making the innovation applicable and adaptable in a short time like a mobile phone application with innovative offering can reach fast and be adopted easily to counter any large multinational. For example, the Innovation of chat Applications like Zoom made teleconferencing easy between multiple people of various locations which were difficult for Skype to adopt as the protection and the security levels of Skype a larger firm has its methods.