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Session 1 (Cycles of Change (The Business Cycle (Expansion &…
Session 1
Cycles of
Change
The Business Cycle
Expansion & Recession
Product Life Cycle
Growth, Maturity, Decline
Long Wave Economics
Create economic growth
Virtuous Cycle
Good outcome
Vicious cycle
Bad outcome
Innovation
Timeframes
Short Term
Existing product extension
Quick returns
Medium Term
Re-launch or new product
high investment
Long Term
Completely New
Long term investment
Disruption
Challenge
Established Ways
Creative Destruction
Joseph Schumpeter
Business
Incubators
Support New
Businesses
Facilities
Training
Coaching
Mentoring
Networking
Seed Capital Financing
Not For Profit
Startup
Accelarators
Support New
Businesses
Mainly Tech Comapnies
Rapid Movement
Education & Mentoring
Rapid Commercialisation
For profit
Capitalism
Never Stationary
New Consumer
Goods
New Markets
New Production
Methods