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Q: Describe the process of Creating an innovative environment?
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Q: Why it’s necessary to generate innovative business ideas instead of duplicating available ideas?
A: Solution of the above question is explained below:
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Q: What is deep learning?
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From the viewpoint of the entrepreneur, describe different methods of generating/sources the new ideas for an innovative business?
Step by step
Solved in 2 steps
- What is the importance of innovation? Cite the CONCRETE Example/s of how a future entrepreneur will personally apply it in their life.Why it’s necessary to generate innovative business ideas instead of duplicating available ideas?Activity: Answer the following questions, thoroughly. 1. Why “sound business idea” is important to the entrepreneur? 2. How may business ideas be generated? 3. In what way may a person’s acquaintance be a source of business ideas?
- What is market segmentation of a business plan?How would you describe the growth of this industry entrepreneurial project (Health Consulting Office with gym and health restaurant)How does the management of technology and innovation help a firm create value? Why should the firm strive to have a unique value proposition?
- How do we define technology and innovation, and how are they related?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).Propose some innovative business ideas using the bricolage concept that will address the environmental problem in the first phases of business with a lack of resources and Analyze the competitive environment for the potential business idea using Porter 5 forces matrix.
