1/ Why is it critical that entrepreneurs and all businesses innovate? What are t

Question

1/ Why is it critical that entrepreneurs and all businesses innovate? What are the reasons that make it difficult for enterprises to simply stand still and accept the status quo? Note that these are not puny little notions. The reasons are based on large-scale changes in the economy and “macro” changes in the business environment.

2/ Why does your author stress “Successful innovation” and not just innovation for the sake of “newness”?

3/ There are two major types of innovation discussed in your text. Name them accurately and be able to identify their key differences.

Explanation / Answer

Innovation is important element for an entrepreneurship and business due to following reasons-

Related Questions

Navigate

• Browse (All)
• Browse 1
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.