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?

Answer 1

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EXPLANATION:

Sure, between start-ups or new company structures and IBM the state of innovation is different. It is because of the company's capital base and financial standing. IBM is usually a multinational technology firm that has acquired enormous wealth and income and therefore has a greater role than a start-up in innovation. The IBM also boasts economies of scale as compared to start-up creative absorption.The technologies ideally suited for SMEs include developments in the easy delivery of services such as the payment system or a responsive customer profile. Significant upgrades to major businesses, such as computer processors, smartphone phones and e-commerce platforms, include the technologies. The development of large companies is broader and will have an effect on the global distribution of services and improve globalization and the flat world.An important multinational company will outperform the innovation activity that improves the current state of the art technologies. This is attributable to the creative practice with which the invention provides comfort and service worldwide.

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