Explain the value of creativity, a bottom-up approach, internal contests, idea incubators, idea champions, and new-venture teams for innovation.
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- What is the importance of innovation? Cite the CONCRETE Example/s of how a future entrepreneur will personally apply it in their life.What is the role of technology in innovation? How important is technology in innovation? Cite the CONCRETE Example/s of how a future entrepreneur will personally apply it in their life.Distinguish between customer loyalty and profitability. Describe how to convert customers into innovation partners.
- Explain how this innovation solution(injuries and violence) would address the 5 characteristics (Relative Advantage, Trialability, Complexity, Compatibility, and Observability)S trategic management: Why do companies place such importance on innovation?Explain the concept and process of Disruptive Innovation. Discuss the key requisites for an innovation to be disruptive, and to illustrate the four steps in the process of disruptive 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?Distinguish four different roles that CEOs can adopt regarding innovation.1. Outline the difference between a business idea and a business opportunity? Why is this distinction important? 2. Define business concept statement, in your own words. Outline its main elements.
- Why is it so difficult to predict whether an innovationmight disrupt an industry and when it could happen?reasrch more about innovationand manager and give 3 example from the world of corporate management what new innovations are there in the market and how they are impacting the world at largeIdentify two (2) theories of innovation to explain why and how the innovation has occurred.