This document discusses the relationship between innovation and entrepreneurship. It begins by quoting President Obama emphasizing the importance of entrepreneurship in creating economic opportunity. It then notes that while innovation and entrepreneurship are widely seen as important for business growth, there is no consensus on precisely defining the concepts or understanding their relationship. Researchers also debate the impact of entrepreneurship and innovation and what promotes them. However, as more professionals study and discuss this relationship, valuable insights are gained about how it benefits both business and society, as well as individuals making business decisions.

1. The Innovation-Entrepreneurship Relationship
Now, I know some have asked—given all the security and
political and social challenges we face, why a summit on
entrepreneurship? The answer is simple. Entrepreneurship—
because throughout history, the market has been the most
powerful force the world has ever known for creating
opportunity and lifting people up out of poverty.
—President Barack Obama, “Remarks to the Presidential
Summit on Entrepreneurship”
Both innovation and entrepreneurship are widely touted as
essential components of business and economic growth, as
reflected in the quote above. Discussion of the topics is almost
unavoidable in business and government circles. Because
growth in entrepreneurship and increased innovation are goals
that are often pursued simultaneously, a better understanding of
the relationship between innovation and entrepreneurship has
widespread practical implications for business. However,
professionals and researchers from every facet of business
continue to disagree on the precise definitions of both concepts,
much less the relationship between them. Researchers also
debate the overall impact of entrepreneurship and innovation
and the factors that promote them.
Nonetheless, as more professionals engage in this debate, the
academic and professional business communities gain valuable
insight into this important relationship. These insights have
implications not only for business and society as a whole but
also for individual business professionals who make decisions
on an everyday basis.
To prepare: Read and complete: The Hill Consulting Group
Leadership Self Assessment, the link is located in the weekly
resources area. Consider what your results suggest about your
ability to be innovative or your suitability for entrepreneurship.

2. Your response to this Discussion will be based upon your
results, your professional experience, and this module’s
Learning Resources.
By Day 3 of Week 5,post an analysis of the relationship
between entrepreneurship and innovation and the implications
of this relationship for individuals and organizations. Explain
how this relationship impacts your personal approach to risk
taking and the way your personal strengths reflect the
relationship between innovation and entrepreneurship.
Annotated Bibliography on Innovation
Scholarly research and writing are key components of the DBA
program of study, but this challenge of doctoral research may
seem daunting even to those with years of experience in
business. However, doctoral candidates can help ensure their
success by thinking of doctoral research and writing as an
orderly process designed to facilitate quality. Completing an
annotated bibliography is one of the early steps in the doctoral
process that allows candidates to organize and evaluate
resources for later use and allows the candidate to reflect
critically on the merits and relevance of each resource to their
topic of study.
Constructing an annotated bibliography is an effective tool that
can aid you later in the research process and, like every other
facet of academic writing, can best be achieved through ample
practice.
To prepare: Find four peer- or jury-reviewed articles on an
innovation related to your specialization. Evaluate each article
for the following:
· Reliability of evaluation of research methods and of the
theories and data on which the article is based
· Appropriateness for intended audience
· Authority or background of the author
· Limitations, depending on the scope, reliability, age of the

3. document, and bias
· Usefulness of the source for your purposes
The annotation does not have to be long (2–3 paragraphs), but
you should take into consideration the points listed above.
Use the APA Course Paper Template to complete this
assignment. The link to the template can be found in this
module's Learning Resources
By Day 3 of Week 5, submit a draft of your Annotated
Bibliography (2–4 pages total) for review. In addition, post a
copy of your Annotated Bibliography to the Module 3
Discussion 2 thread for peer review.
Include the following for each article in the Annotated
Bibliography:
· Full bibliographic reference (respecting APA rules about
referencing)
· Summary of document, including the main points, its purpose,
the theoretical perspective on which it is based, and the scope
· Evaluation of the source, critiquing the source briefly