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Discuss what are the four main types of innovation and their similarity and difference with each other.
the subject is Technopreneurship
Step by step
Solved in 2 steps
- 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 ofopportunity for innovation in business.Describe a firm you think as been highly innovative. Which of the four types of innovation - radical, incremental, disruptive, or architectural - did it use? Did the firm use different types over time?a) What are the benefits of organisations embracing innovation? b) What are some specific examples of innovations that the tourism and hospitality industries can adopt during the Covid-19 pandemic, and what are the advantages and disadvantages of these innovations currently?
- Describe and analyze Technological Innovation, but also assess Pros. and Cons. of any business Company or Start-up of your choice, or your own realistic or fictional Company (choose a different one from your Midterm Company).'Innovation is one of the most important functions of an entrepreneur'. Discuss.What is the importance of innovation? Cite the CONCRETE Example/s of how a future entrepreneur will personally apply it in their life.
- Justify that inventions keep evolving in an episodic form. Explain its characteristics. How did Toshiba take advantage of it in gaining market power in the global data storage industry? When can creative destruction grow as disruptive innovation?Give at least two challenges in of innovation and how do you succeedWhat is the Innovator's Dilemma and what is the danger to an incumbent company? How does a manager identify and cultivate disruptive technologies?
