ENTREPRENEURSHIP

INNOVATION AND CREATIVITY

INNOVATION IN ENTREPRENEURSHIP

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A company gets ideas by reading trade publications and attending trade shows. What source of innovation is this company using?
A
Observations
B
Experience
C
Accidents
D
Demographics
Explanation: 

Detailed explanation-1: -Synthesis is the combining of existing concepts into a new formulation.

Detailed explanation-2: -This moment is traditionally referred to as the “insight” stage of the creative process, or what some have playfully dubbed the “Eureka!” moment.

Detailed explanation-3: -The invention involves the creation of something entirely new, while innovation involves the improvement or modification of something that already exists. Creativity, on the other hand, is the ability to generate new ideas or concepts.

Detailed explanation-4: -The Unexpected. This is indeed the Eureka moment where something unexpected happens that leads to a new product or service. Incongruities. Process Needs. Industry and Market Structure. Demographics. Changes in Perception. New Knowledge. 04-Mar-2015

There is 1 question to complete.