Most things still remain to be done.

Today I leant what means Innovation as a company's competitive advantage.
New product.
New methods of production.
Opening of new markets.
Opening of new sources of supply.
New forms of organization.
Breaking up of existing monopolies and cartels or creation of new ones.

Take IKEA as a successful example, it owns all of the above mentioned factors.
How great a man Ingvar Kamprad is!

It was really a long course today from 9am to 1.30pm! We only took a break after the course was lasting for 3 hours!
But frankly speaking, professor Lars, who can make things simpified and clear, he incentives my interests in know-how.

The most expensive book I have ever bought is the IIE- reading and cases of Internship in International Entrepreneurship, 359 krs! Even if we know an entrepreneur should be cost consicous but we need to invest for resources and development as well. ^-^