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Why it’s necessary to generate innovative business ideas instead of duplicating available ideas?
Step by step
Solved in 2 steps
- 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?"List and discuss some sources of new ideas that can be studied to come up with a good and bright business idea.Answer the following questions, thoroughly. 1. What is the disadvantage of unanticipated means of generating business ideas?2. How may the best business idea be determined? 3. List down at least three business ideas which you think has the potential to succeed, if adapted. Why do you think it has the potential to succeed?
- Discuss what is a Business Model. Discuss everything you understand about Business Model, the tools, and why this is very important for companies and for startups?Why is it necessary to evaluate every business model, and how can our business solution give the organization useful information?Why do leading firms fail to recognize and react to potentially disruptive innovations? How can a firm avoid the kind of blindness that leads to disruption?
- what is the relevance of gaining competency in Innovation and Creative Idea to establishing a business acumen?What are the five Cs of managing innovation, and how do they help direct a firms innovation activities?How does the management of technology and innovation help a firm create value? Why should the firm strive to have a unique value proposition?