INNOVATION AND CREATIVITY
INNOVATION IN ENTREPRENEURSHIP
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Experience
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Demographics
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Accidents
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Looking toward the past
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Detailed explanation-1: -Research indicates that younger audiences do not take the time to seek product information before they make a purchase. An effective search engine optimization (SEO) strategy must recognize the three basic types of search engine results, natural or organic listings, paid or sponsored listings, and paid inclusion.
Detailed explanation-2: -Firms need to continue to innovate because customer needs . What will happen to a firm if it continues to produce the same products in a saturated market? Its revenues will grow slowly.
Detailed explanation-3: -Disruptive innovations are new technologies, products or services that eventually surpass the existing dominant technology or product in a market.
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