search engine in the Internet and founded Google, which is now the world's largest internet service company. This is an of O a firm that uses closed innovation. O an exception to the long tail business model. O a business that entered the industry during its maturity stage.
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- Part One: Indicate whether the following sentences are true or false: levels of innovation can be classified as incremental/radical innovation or sustaining/discontinuous innovation. Incremental /radical innovation focuses on the newness and impact of innovation.To have successful innovation, you will need to practice, teach, and facilitate creativity with the teams you will be working with. As you read Chapter 4: Creativity, Innovation, and InventionLinks to an external site. from the Openstax Entrepreneurship online text, you will start to understand and develop the creative process that other successful innovators have mastered and currently use. Instructions Read Chapter 4: Creativity, Innovation, and InventionLinks to an external site. from the Openstax Entrepreneurship online text. Answer the following questions Is creativity the presence, or the absence of structure? Explain your answer. Why would a model for creativity be useful? Why does the model for innovation stress that it does not end with problem solving? Why does the section on invention focus so much on building a team? Aren’t most inventors and truly creative people famous for working solo? What were your three main takeaways from this chapter?True or False 1. Entrepreneurship covers more than just inventions; it also requires innovation
- . Chapter 7 discusses types of innovation. Is shopBeacon best described as a continuous, dynamicallycontinuous, or discontinuous innovation?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.https://blog.hypeinnovation.com/digital-transformation-are-you-ready-to-transform-and-change-your-innovation-approaches?hsCtaTracking=33422a0f-ec57-452b-80ec-d944277169c6%7Cf6d55840-e4c8-4ace-9a26-179275a2bfe2 summaries the article given in 150 words, please. [ this is my answer I am not sure if all the important points is in here. this summary is very important please help ] Answer: Digital business transformation is an organizational change journey to adopt digital technologies and business models to improve performance. McKinsey in 2011 identified that 72% of transformation programs fail to deliver on their targets. Zara, owned by Inditex, has been exceling at insight capture, says Amitai Etzioni. To achieve MVT we need to rethink business systems and the whole go-to-market potential, says IMD COO Jim Boulden, COO of IMD. The key to innovation is experimentation and this needs flexibility, to adapt, be agile, to test ideas, says Etzionsi. For Zara,. the quality and timeliness…
- 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?Likert scale (5- strongly agree, 4- agree, 3 - neutral, 2- disagree,1- strongly disagree) questions about: 1. Positive Mental Attitude of an Entrepreneur 2. Creative Mindset of an Entrepreneur 3. Persuasive Communication Ability of an Entrepreneur 4. Intrinsic Motivation and Drive of an Entrepreneur 5. Tenacity and ability to learn from failure training of an Entrepreneur
- 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.For a startup it is better to have generalists or specialists.justify answerInnovation management is a crucial element for organizations striving to stay competitive in a rapidly evolving business landscape. Successful innovation involves the systematic cultivation of new ideas, products, processes, or business models that contribute to growth and adaptability. Effective innovation management requires fostering a culture that encourages creativity, risk-taking, and continuous learning. Organizations must invest in research and development, collaborate with external partners, and leverage emerging technologies to stay at the forefront of their industries. Balancing the pursuit of disruptive innovations with the need for incremental improvements is key to sustaining a dynamic and forward-thinking organization. Question: How can organizations strike a balance between fostering a culture of innovation and managing the inherent risks associated with experimentation and change?