What Does It Mean That "Innovators Try to Anticipate the Future

question 56

Essay

What does it mean that "innovators try to anticipate the future"? What are the economics consequences of this effort?

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Definitions:

Financial Reporting

The process of producing statements that disclose an organization's financial status to management, investors, and the government.

WorldCom

A former American telecommunications company that became infamous for its massive accounting scandal, leading to its bankruptcy in 2002.

Enron

An American energy company known for one of the largest cases of corporate fraud and bankruptcy in history.

Sarbanes-Oxley Act

A U.S. law enacted in 2002 to protect investors by improving the accuracy and reliability of corporate disclosures.