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BUSINESS INNOVATION

Providing you with the essentials for business growth through innovation.

CAMACOL's MMFM: Powerful & Engaging
Small Business Week

Women's Forum on Excellence

Dr. Tracy Timberlake moderated with history-making entrepreneurs Kerry Raymond, Woodie Lesesne, Samantha Jacob and Isis Masoud for a unique session on how they continue to overcome  barriers and conquer hazards. More video coming soon

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Miami-Dade Chamber Prez shares message about Job creation 

UNDERSTANDING AND LEVERAGING INNOVATION

     Innovation by definition is the introduction of something new a new idea, method, or device. Using Wikipedia helps understand the word. Using experience helps to stimulate innovative ways you can build new levels of your business and personal success. 

     When it comes to innovation, we often immediately think of invention. That can be misleading.  What is the difference between innovation and invention?  Invention can refer to any product of the imagination. Innovation can refer to a change made to an existing product, idea, or field. Wikipedia’s example is “One might say that the first telephone was an invention, the first cellular telephone either an invention or an innovation, and the first smartphone an innovation."

 While a novel device is often described as an innovation, in economics, management science, and other fields of practice and analysis, innovation is generally considered to be the result of a process that brings together various novel ideas in a way that they affect society. In industrial economics, innovations are created and found empirically from services to meet the growing consumer demand.

Economist Joseph Schumpeter, who contributed greatly to the study of innovation economics, argued that industries must incessantly revolutionize the economic structure from within, that is innovate with better or more effective processes and products, as well as market distribution, such as the connection from the craft shop to factory. He famously asserted that "creative destruction is the essential fact about capitalism". 

In addition, entrepreneurs continuously look for better ways to satisfy their consumer base with improved quality, durability, service, and price which come to fruition in innovation with advanced technologies and organizational strategies.

Lesesne Media Group Night @ Venture cafe

The outreach team presented a forum focusing on the emerging urban tech, design and entertainment economies

Participants group shot &LMG Team
The LMG Team making a case
LMG NIGHT at Venture Cafe
Young innovators in the room
Giving suggestions
Watching, learning
Someone over there has a great idea
Taking in the data
Another group shot after the event
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