Innovation Theory: The Process Of Innovation And Entrepreneurship

Innovation Theory What is Entrepreneurship? In simplistic terms it is defined as the activity of setting up a business or businesses, taking on financial risks in the HOPE of profit. Why in the world would a person want to assume the financial risk on an opportunity that may or may not pan out? One could argue that it is best to obtain a quality education and go to work for an established company; however, an Entrepreneur is a person that sees how a company or an opportunity that hasn’t been successfully explored and they convince themselves that they can do it better than anyone or business can and this is how I will do it! Prior to an entrepreneur saying this is how I will do it, they must go through a process of innovation. My wife and I are no different, we spent the past three years formulating our business plan to provide our clients with first class services. The innovation theory that is applicable for our business venture is healthcare disruptive theory and I will explain how important it is innovation theory to the overall innovation and entrepreneurship competency framework.

Background

We were absolutely devastated to the point that we felt that our lives were crushed, because we didn’t know what to do with our daughter. At this point, my wife’s background was in finance and I was a career Airman in the United States Air Force actively pursuing a degree in Entrepreneurship. Additionally, we were beyond frustrated once we tried to get services for my daughter, due to being on countless of ABA company’s waiting list. It was evident that there is a need for therapist to provide services to people that our on the Autism Spectrum. This lead to my wife switching her professional focus to become a Registered Behavior Therapist (RBT) and ultimately I found my entrepreneurship calling to open up an ABA company and exhibit the healthcare disruptive