Innovation is the specific tool of entrepreneurs, how they exploit change as an opportunity for a different business or service. Explain any FIVE (5) sources of opportunity for innovation in business.
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1. Innovation is the specific tool of entrepreneurs, how they exploit change as an opportunity for a different business or service. Explain any FIVE (5) sources of
opportunity for innovation in business.
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- Does innovation thrive best under market forces, or are non-market forces the way to go? Why or Why notIt is very true that the concepts of innovation and entrepreneurship are interrelated. Innovation isthe process of creating something new. Entrepreneurship identifies the opportunities in greatinnovations that creates opportunities, adds value, and keeps the value improving over a period oftime. The innovation process involves a series of key steps that organizations follow to foster andimplement innovation. Discuss the common steps involved in the innovation process in depth withrelevant references and examples.What are the five Cs of managing innovation, and how do they help direct a firms innovation activities?
- How do we define technology and innovation, and how are they related?How has Acer managed its technology and innovation processes?Explain how this innovation solution(injuries and violence) would address the 5 characteristics (Relative Advantage, Trialability, Complexity, Compatibility, and Observability)
- Why is innovation important to business & companies? and why is understanding innovation and entrepreneurship important to you for your future career and for you personally?"Discuss what are the four main types of innovation and their similarity and difference with each other. the subject is Technopreneurshiph ow can entrepreneurs overcome resistance to innovation within their organizations or industries?
- The world is constantly changing. Some of the businesses and organizations that were around a decade are now gone. Businesses that are successful continually change and adapt to survive. Discuss the following: •Discuss 3 elements of innovation that are important for organizational change.Analyse the contribution of innovation to business performance and discuss the benefits that can be gained as a result.The most common form of innovation is incremental; however, some innovations are more disruptive and turn the industry upside-down. True or False?