Provide A 500-Word Minimum Reflection ✓ Solved

Provide a 500 word minimum reflection

Course Name: InfoTech in a Global Economy

Book Title: Entrepreneurship in the Global Economy

Provide a 500 word (or 2 pages double spaced) minimum reflection. Use of proper APA formatting and citations. If supporting evidence from outside resources is used those must be properly cited. Share a personal connection that identifies specific knowledge and theories from this course. Demonstrate a connection to your current work environment.

You should NOT provide an overview of the assignments assigned in the course. The assignment asks that you reflect how the knowledge and skills obtained through meeting course objectives were applied or could be applied in the workplace.

This is a Practical Connection Assignment.

So far the Topics covered in this course:

  • Week #1: Global Technology: Changes and Implications: Summary of a Forum · Topic: Perspectives on Global Technology
  • Week #2: Global Technology: Changes and Implications: Summary of a Forum · Topic: Charting a Path into the Future
  • Week #3: Mastering Blockchain · Topic: Blockchain 101
  • Week #4: Mastering Blockchain · Topic: Blockchain – Outside of Currencies
  • Week #5: Entrepreneurship in the Global Economy: Engine for Economic Growth · Topic: Government: Boss, financial partner, regulator – Entrepreneurs in mixed economies
  • Week #6: Entrepreneurship in the Global Economy: Engine for Economic Growth · Topic: Electronic innovation and the government: David Sarnoff creates the RCA empire

Requirements: 2 pages

Paper For Above Instructions

In today’s rapidly changing global economy, the intersection of technology and entrepreneurship serves as a transformative force for individuals and organizations alike. The course “InfoTech in a Global Economy” provided an in-depth exploration of modern technologies and entrepreneurial strategies, emphasizing their relevance in my current work environment. Through this reflection, I will connect the ingredients of this course to my professional role and elucidate how the acquired knowledge can empower effective strategies in real-time applications.

One of the potent themes that pervaded the coursework was the concept of change as a constant in technology. Particularly during Week #1’s discussion on global technology and its implications, the focus on understanding technological shifts proved invaluable. The necessity for organizations to remain agile and responsive to change resonated deeply with my work as a project manager in the software industry. We often deal with shifting client requirements and emerging technologies that redefine the scope of our projects. By applying the frameworks discussed in class, I am able to approach project planning with a mindset that embraces flexibility, ensuring our team can pivot as needed without losing sight of our end goals. This adaptability is not just beneficial; it is essential in maintaining competitive advantage in today’s tech-driven marketplace (Schilling, 2020).

The discussions on blockchain technology, particularly in Weeks #3 and #4, also sparked significant insights applicable to my role. Understanding blockchain principles allowed me to advocate for decentralized ledger solutions in our organizational processes. This understanding connected closely with the topic of "Mastering Blockchain - Outside of Currencies." The emerging applications of blockchain in supply chain management and customer relationship management have triggered strategic conversations within our team about enhancing transparency and efficiency. By integrating these innovative solutions, we can mitigate risks associated with fraud and documentation errors, leading to improved operational efficiencies (Tapscott & Tapscott, 2017).

Another major takeaway from the course stemmed from Week #5’s examination of entrepreneurship as a critical engine for economic growth. We discussed how government roles evolve alongside entrepreneurship within mixed economies. As I work in a startup environment, awareness of governmental regulations and incentives has become increasingly relevant. The discourse enlightened my understanding of navigating these frameworks to leverage available resources such as grants and tax incentives offered to tech enterprises. As a result, myself and my team feel empowered to seek opportunities for strategic partnerships with governmental organizations to spur innovation (Acs, 2019).

Furthermore, the final week’s exploration of electronic innovation and its historical context helped me appreciate the pioneers of technology, such as David Sarnoff, and their influence on modern entrepreneurial ecosystems. Recognizing the parallels between past innovations and today’s electronic advancements fosters an appreciation for calculated risk-taking in my profession. Reflecting on theories of innovation, I have gained insights into how to strengthen our business model by embracing creativity and a forward-thinking attitude which is crucial to remaining relevant in our sector (Davis & Dyer, 2020).

In conclusion, the knowledge and skills gained from the “InfoTech in a Global Economy” course have had an impactful influence on my approach to challenges and opportunities in my work environment. The lessons learned regarding global technology dynamics, blockchain, and entrepreneurship encourage me to drive change proactively and strategically while harnessing innovation. This practical connection between academic theories and real-world applications fosters not only personal growth but also a competitive edge for our organization in the fast-evolving tech landscape.

References

  • Acs, Z. J. (2019). The Entrepreneurial Ecosystem: Theory, Practice and Policy. Economic Research Policy, 3(2), 356-374.
  • Davis, G. F., & Dyer, J. H. (2020). The Culture of Innovation: An Overview. Organizational Dynamics, 49(1), 100733.
  • Schilling, M. A. (2020). Strategic Management of Technological Innovation. New York: McGraw-Hill Education.
  • Tapscott, D., & Tapscott, A. (2017). Blockchain Revolution: How the Technology Behind Bitcoin Is Changing Money, Business, and the World. Penguin.
  • Yin, Y., & Zhang, J. (2021). Innovation and Entrepreneurship in the Era of Digitalization: An Overview. Journal of Business Research, 124, 591-596.
  • Rogers, E. M. (2010). Diffusion of Innovations. New York: Free Press.
  • Kotler, P., & Keller, K. L. (2016). Marketing Management. Pearson.
  • Feng, Y. (2020). The Role of Blockchain Technology in Innovation. Technological Forecasting and Social Change, 144, 198-203.
  • Park, S. H. (2020). Entrepreneurial Innovation and Economic Growth: A Global Perspective. International Journal of Entrepreneurship, 24(2), 1-15.
  • Christensen, C. M. (2013). The Innovator’s Dilemma: When New Technologies Cause Great Firms to Fail. Harvard Business Review Press.

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