ENTREPRENEURSHIP

Detailed explanation-1: -A competitive advantage is anything that gives a company an edge over its competitors, helping it attract more customers and grow its market share. A competitive advantage can take three primary forms: Cost advantage–producing a product or providing a service at a lower cost than competitors.

Detailed explanation-2: -Innovative entrepreneurs are people who are constantly coming up with new ideas and inventions.

Detailed explanation-3: -In the new-old approach, the entrepreneur is able to start with an existing product and build upon it. On the other hand, with the new-new approach, the entrepreneur has to apply an added level of creativity, and often technical skill-set, to come up with an innovative new product or service.

Detailed explanation-4: -Creative thinking. Creative thinkers revel in the freedom to come up with big ideas and to let those ideas percolate and bloom. Time management. Networking. Communication. 05-Apr-2019