In more cases in Innovation, the process by which an establishments offer additional services aside from the usual business services is also a way of innovation.
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IDENTIFICATION:
1. In more cases in Innovation, the process by which an establishments offer additional services aside from the usual business services is also a way of innovation.
2. In the market mix, this is where innovation tools are all used in a one business operation.
3. This is one way to Kill innovation, where in financing innovation is not seen as an investment.
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- "Creativity and innovation are both necessary to identify gaps in the market. Creativity is the point of origination for innovation; one must be creative to be innovative. Innovation refers to a better way of doing something new that is commercialised in the market. An innovation strategy builds on creativity, invention, and technologies, acting within a value network, to commercialise new products and services effectively for its customers (Dorf and Beyers 2008 cited in Venter, Urban and Rwigema 2018: 63)." With reference to the above statement, critically examine the elements of an attractive innovation strategy in an organisation.It 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.Q1 The process of technological innovation is a complex set of activities that transforms ideas into scientific knowledge into physical reality and real-world applications. (a) Discuss FOUR (4) lessons that can be drawn from Xerox case from the perspective of management of technology.
- True or False 1. Entrepreneurship covers more than just inventions; it also requires innovationRun Detailed Analytical of Four-Leaf Clover. For the Missing Links and Incongruities (You have to find relevant business ideas in a selected industry.) I need detailed analysis of what is missing and how it will complement the industry current offerings; for incongruities need to find ideas that will enhance the industry by reducing cost or saving time for users. Need detailed analysis on how it will do that. For Innovation and Occurrence need a detailed report on how historically innovations and occurrences changed your selected industry with real examples. (I need at least 3 ideas in each head)How should I organize to enhance innovation outcomes in my firm? What determines when I should make vs. buy? Is there a viable business model in which I can effectively outsource innovation and just buy the ones I see as successful? Can I still "win" financially by making such purchases and acquisitions? If so, how? Firms like Netflix, or even personal brands such as Madonna and Justin Timberlake, have successfully managed across two time periods In effect, they have re-invented themselves to "fit" into a new competitive space. What can we learn from these firms or brands?
- The most common form of innovation is incremental; however, some innovations are more disruptive and turn the industry upside-down. True or False?All of the following illustrate potential shortcomings of using patents to promote innovation, except: Select the correct answer below: Patents may sometimes cover too much or be granted too easily. In fast-moving, high-technology industries, patents may be irrelevant by the time they're approved due to changing technology. O Not every new idea can be protected with a patent or a copyright. Patents don't allow for the inventor to earn a good return on an invention.Briefly explain the following terms giving examples. i. Technological fix ii. Technological push iii. Market Pull iv. Research & Development.
- The discussion about which company sizes (small or large) are better innovators from thebeginning presented a large polarization of views. Most studies and opinions indicate thatlarge economic entities, not small ones, have greater achievements in this area and aremore innovative. However, some economists, incl. R.W. Vossen argues that small firms'performance in the field of innovation is much higher than various statistics indicate. Thereasons for this are underestimating their achievements, the low number of patentssubmitted, and the lower degree of innovation of implemented products. And you, whatscale of companies do you think are more innovative?0% plagiarism, please write it own your own words. And stop rejecting the question it's not an essay. If you can't solve it's fine just let someone else. Question: what dose Al Wusta Cement Company offers. 1-products 2-prices 3-distribution channels 4-devices they employ to enhance customer loyalty 5-brand and design 6-business model 7-staff 8-technology 9-media activities and advertisementTechnological improvements along an S-curve tend to be ________, building on prior developments, and taking place within an existing paradigm. Select one: a. Comprehensive b. Incremental c. Extreme d. Radical This role of entrepreneurship in economic development is when entrepreneurs combine the factors of production, and also introduces new ideas and new combination of factors. Select one: a. Promotion of capital formation b. Creating social change c. Creating innovation d. Wealth creation and distribution