1. Innovation in Business Social Entrepreneurship
Week 3
Abdullah Al Shukaili

2. Quiz 1 Will be in Week 4 Tutorial class ( 21/2/2017)
15% of total marks

3. Review questions Describe in 5 WORDS who is the entrepreneur?
What is the role of entrepreneurship in the economy?
What are the advantages of self-employment?
Where do you find business ideas?

4. Review questions
5) What is the difference between innovation and creativity?
6) Give examples of service and good business?
7) What are the options to start a small business?
8) What is the difference between sole and partnership business forms?
9) What are the obstacles to start a business?

5. What is Innovation
Innovation generally refers to changing processes or creating more effective processes, products and ideas.
For businesses, this could mean implementing new ideas, creating dynamic products or improving your existing services.

6. Innovation and entrepreneurship
Innovation is the entrepreneurship tools to change the opportunity for different business or different services, therefore entrepreneurship and innovation are inter-linked

7. Innovation and change Innovation in business sense can mean a lot
Developing new product
Developing new technology
Developing any new way of doing something
New way of delivering an existing product or services
New way of informing the customer about the product
Any new approach to manage the business and gain profit

8. Digital Business Models

9. Apple, the world's most valuable company, turns 40 this year
Apple, the world's most valuable company, turns 40 this year. Building its wealth on a history of innovations that changed daily life — from its leading role in the personal computer revolution of the 1970s and 1980s to the smartphone 

12. What is creative thinking?
Creative thinking is the process of coming up with new ideas or new approaches.
There is no innovation without creativity.
While creativity is the ability to produce new and unique ideas, innovation is the implementation of that creativity - that's the introduction of a new idea, solution, process, or product. 
Creativity improves the process of solving problems
Creativity is the capability or act of conceiving something original or unusual
Innovation is the implementation of something new.
If you have a brainstorm meeting and dream up dozens of new ideas then you have displayed creativity but there is no innovation until something gets implemented. Somebody has to take a risk and deliver something for a creative idea to be turned into an innovation.

13. Oman’s innovation system and global
Look to this report prepared by The Research Council in Oman ( TRC)
Global Innovation Index (GII), global indicator for the innovation
Oman is ranked 80th on the GII (2013)
Oman is ranked 73rd on the GII (2016)

14. What is a Social Entrepreneur?
Social entrepreneurs work to solve critical social problems and address basic unmet needs through entrepreneurship.
Active citizens can use their skills and expertise to tackle the most social and environment problems.

15. Social Entrepreneurship
Social entrepreneurship focus in community development and long term capacity building
Social entrepreneurship is important for the welfare of the society in:-
Generating and acting on new ideas
Providing new services in new way
Creating new organizations or ways of delivering services
No profit aim in social entrepreneurship

17. Taxonomy of enterprises
Multiple forms of social enterprises exist
Taxonomy of enterprises
Imitative nonprofit organizations
Innovative nonprofit organizations
Hybrid nonprofit organizations
For-profit organizations

18. Widespread Needs and Interests
Serve the social interest
Examples: charitable, religious, educational, scientific, literary, testing for public safety, fostering amateur sports, preventing animal cruelty

19. Outreach focus, rather than differentiation
Promote social value as a nonprofit
Are easily replicated without modification
Examples: schools, scientific research centers, sporting clubs
Typically introduced to a new geographic area