ENTREPRENEURSHIP

INNOVATION AND CREATIVITY

INNOVATION IN ENTREPRENEURSHIP

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Below are types of innovation EXCEPT
A
innovation
B
invention
C
duplication
D
synthesis
Explanation: 

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: -Sustaining, or incremental innovation. Breakthrough innovation. Disruptive innovation. Basic research. 07-Nov-2022

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. Product innovation involves visibly improving a product’s performance and updating or upgrading its characteristics. Service innovation. Process innovation. Technological innovation. Business model innovation. Marketing innovation. Architectural innovation. Social innovation. 18-Sept-2022

There is 1 question to complete.