There are a number of phases relevant used by most start ups other than those who follow the lean start-up approach. Under normal circumstances, entrepreneurs prefer to blend together the set-up, start-up and growth phases to release and continually revise products and services prototypes in response to customer feedback. Critically discuss in length using relevant examples and referencing what entrepreneurs need to consider during: a. The set-up phase of their business development. b. The growth phase of their business development. (10 marks) (10 marks)

There are a number of phases relevant used by most start ups other than those who follow the lean start-up approach. Under normal circumstances, entrepreneurs prefer to blend together the set-up, start-up and growth phases to release and continually revise products and services prototypes in response to customer feedback. Critically discuss in length using relevant examples and referencing what entrepreneurs need to consider during: a. The set-up phase of their business development. b. The growth phase of their business development. (10 marks) (10 marks)

Principles of Management

OER 2019th Edition

ISBN:9780998625768

Author:OpenStax

Publisher:OpenStax

Chapter18: Management Of Technology And Innovation

Section: Chapter Questions

Problem 12CRQ: How does the management of technology and innovation help a firm create value? Why should the firm...

See similar textbooks

Similar questions

How does an entrepreneurial firm identify and utilize a value prosposition?
What other uses and functions does Input Accel serve, and how will this be useful to Novartis over the long term? (You may want to visit the EMC/Captiva website. https://www.emc.com. for more information on Input Accels capabilities.)
How does an organization enhance its agility? When is more agility needed in the firm?
What are the four areas that need to be managed by the firm if it is going to take advantage of the technology it has and the technology it needs to create?
Followship is critical to MTlâ€”how does the quality of followship in the organization impact the ability of leadership to create value?
Why is it important to develop a business plan? What should such a plan include?
What actions can help a firm grow?
Look at the Acer case at the beginning of the chapter and respond to the following items. 2. What goals did they accomplish?
Give an example for why a firm would pursue each of the three grand strategies.
What are the three grand strategies, and why would firms pursue each of them?
What are firm resources and capabilities, and what information does VRIO provide about them?
What are the five Cs of managing innovation, and how do they help direct a firms innovation activities?