INNOVATION AND CREATIVITY
INNOVATION IN ENTREPRENEURSHIP
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
technology is the driving force of innovation and success.
|
|
|
creativity relies on dreams and blue-sky ideas
|
|
|
innovation is planned and predictable
|
|
|
Make the product, process, or service customer-based
|
Detailed explanation-1: -The correct answer is duplication. This is because duplication is the exact copying of the existing project, idea or product and therefore it is not an innovation. Innovation involves coming up with new ideas or developing existing ones into better ones so that they can look new.
Detailed explanation-2: -Often, innovating involves approaching an existing idea or product from a new perspective with the goal of improving it. Although experts hardly agree on a definitive set of innovation types, there are generally three categories: product, process, and business model innovation.
Detailed explanation-3: -Radical innovation. As the name suggests, a radical innovation really changes the circumstances of a brand, whether in terms of market or of business dynamics. Incremental innovation. Disruptive innovation. Technological innovation. 20-Jun-2022
Detailed explanation-4: -Product innovation. Service innovation. Process innovation. Technological innovation. Business model innovation. Marketing innovation. Architectural innovation. Social innovation. 18-Sept-2022