INNOVATION AND CREATIVITY
INNOVATION IN ENTREPRENEURSHIP
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Product
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Paradigm
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Psychological
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Process
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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