ENTREPRENEURSHIP

INTRODUCTION TO ENTREPRENEURSHIP

DEFINITION OF ENTREPRENEURSHIP

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
(p. 24) The process for developing and commercializing an innovation is known as the product-evolution process.
A
True
B
False
C
Either A or B
D
None of the above
Explanation: 

Detailed explanation-1: -Innovation product development is the process of applying digital product engineering to a business’s innovation goals, thereby transforming innovative ideas into reality. It entails all activities involved in turning a concept for new and better user experiences into real-world products.

Detailed explanation-2: -Product development and commercialization is the supply chain management process that provides structure for developing and bringing to market new products jointly with customers and suppliers.

Detailed explanation-3: -Commercialization is the process of bringing new products or services to market. The launch or commercialization of a new product is considered the final stage of new product development (NPD).

Detailed explanation-4: -1: Research. Observations and experiments during research activities often lead to discoveries, innovations, and inventions. 2: Innovation disclosure. 3: Intellectual property assessment. 4: Protection. 5: Commercialization assessment. 6: Spin-out or partnership. 7: Licensing. 8: Revenue. More items

There is 1 question to complete.