ENTREPRENEURSHIP

Detailed explanation-1: -Innovation is the manifestation of creativity into a usable product or service. In the entrepreneurial context, innovation is any new idea, process, or product, or a change to an existing product or process that adds value to that existing product or service.

Detailed explanation-2: -The scientist-entrepreneur embraces a healthy relationship with risk. They don’t need to have all the answers before taking action. They don’t let perfection be the enemy of success.

Detailed explanation-3: -Knowledge, imagination, attitude, resources, habitat, and culture are the key factors for entrepreneurial success. Here’s how to weave them together in your organisation and build momentum for innovation.

Detailed explanation-4: -Coasting, opportunity comes to them (or it doesn’t) Conservative (very moderate use of resources, protecting existing resources) Aggressive (proactive, all-in, actively seeks opportunity) Innovator/Revolutionary (attains growth through innovation)