INNOVATION AND CREATIVITY
INNOVATION IN ENTREPRENEURSHIP
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Product
|
|
|
Paradigm
|
|
|
Psychological
|
|
|
Process
|
Detailed explanation-1: -Technological innovations, such as personal computer and the internet are examples of radical innovations that have transformed the way the entire world functions and communicates.
Detailed explanation-2: -Consideration of the Internet as an information technology innovation is easily accepted, but managers will find that few studies based on traditional innovation diffusion theory have yet appeared.
Detailed explanation-3: -Paradigm Innovation is the shifting of an underlying mental model via a change, the common example being Henry Ford and the motorcar. A recent and more pertinent to this industry example is the iPhone.
Detailed explanation-4: -Disruptive Innovation refers to a type of innovation that creates a new market or deeply alters an existing market by introducing a new product, service, or that is significantly different from existing offerings.
Detailed explanation-5: -Sustaining, or incremental innovation. Breakthrough innovation. Disruptive innovation. Basic research. 07-Nov-2022