BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: –Technology-related trends and conditions can be placed into three categories: technology diffusion and disruptive technologies, the information age, and increasing knowledge intensity.

Detailed explanation-2: -Using Industry Life Cycle in Analysis Porter’s five economic forces change as an industry matures. For example, rivalry is most intense between companies in a sector during the growth stage.

Detailed explanation-3: -Strategic innovation is an organization’s process of reinventing or redesigning its corporate strategy to drive business growth, generate value for the company and its customers, and create competitive advantage. This type of innovation is essential for organizations to adapt to the speed of technology change.

Detailed explanation-4: -Strategic innovation has a strong direct positive effect on the company’s performance. It indicated that strategic innovation is essential for organizations to drive business growth, generate value for the company and its customers, and create a competitive advantage.