INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
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Question
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Harvesting
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Innovation
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Opportunity
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Risk
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Detailed explanation-1: -What Is Product Innovation? Product innovation is the process of creating a new product-or improving an existing one-to meet customers’ needs in a novel way. There are three key types of innovation: Sustaining innovation, in which a business consistently provides the highest quality products to its best customers.
Detailed explanation-2: -A business process innovation is a new or improved business process for one or more business functions that differs significantly from the firm’s previous business processes and that has been brought into use by the firm.
Detailed explanation-3: -Automobiles. The automobile industry and its companies release new vehicle lineups every year, often with fresh features, designs or technology. Cellular phones. Televisions. Computers. Watches. Clothing. Bike locks. Suitcases. More items •21-Jul-2022
Detailed explanation-4: -Sustaining, or incremental innovation. Breakthrough innovation. Disruptive innovation. Basic research. 07-Nov-2022