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What are the main stimuli for financial innovation?

Deregulation, improved technology, growing competition, and volatile exchange and interest rates are the main stimulus for financial innovation.


What is a power statement?

a powerful statement has to have creativity and a strong meaning behind it.


What is the best contribution of enterpreneurship?

The best contribution of entrepreneurship lies in its ability to drive innovation and economic growth. Entrepreneurs create new products and services, addressing unmet needs and improving quality of life. Additionally, they generate jobs, stimulate competition, and foster a dynamic business environment, ultimately contributing to societal progress and increased prosperity. Through their risk-taking and creativity, entrepreneurs inspire others and promote a culture of resilience and adaptability.


Who is the father of accounting?

1.Ravinder Kumar Sharma The father of accountancy is named "Luca Pacioli."


What advantages and disadvantages imposed budget?

Imposed budgets can provide clear financial constraints, promoting discipline and ensuring that resources are allocated efficiently toward prioritized goals. They can enhance accountability and transparency, as departments must justify their spending. However, disadvantages include potential stifling of creativity and flexibility, as strict limits may hinder innovation or responsiveness to changing circumstances. Additionally, imposed budgets may lead to short-term thinking, with a focus on meeting budgetary goals rather than long-term strategic planning.

Related Questions

How are creativity innovation and entrepreneurship related?

Discuss the relationship between creativity,innovation and entrepreneurship


How are innovation and entrepreneurship related?

Discuss the relationship between creativity,innovation and entrepreneurship


What is meant by creativity and innovation?

Creativity and innovation is the act of thinking differently and uniquely. People who are creative and innovative are able to think for themselves and think in a way that is considered to be 'out of the box'.


What is the differences between creativity innovation and invention?

The difference between creativity, innovation, and invention is that creativity implies being imaginative which applies more to writing, while innovation is concerned with providing new use for something, and invention means coming up with a completely new idea or device.


How innovation and creativity influence entrepreneurship?

Innovation and creativity influence everything within the human condition, it's how we survived as a species. Starting corporate entities is just another outlet.


Where does technology usually develop from?

Technology usually develops from innovation and creativity.


What is JMIT's motto?

The motto of JMIT is 'Excellence Through Creativity and Innovation'.


Innovation and creativity?

Innovation and creativity are closely related concepts that play a significant role in various aspects of life, including business, technology, and the arts. Here are some key points to answer questions about innovation and creativity: Innovation is the process of introducing new ideas, methods, products, or services that create value or improve existing ones. It involves transforming creative ideas into practical and valuable solutions. Innovation can be incremental, making small improvements, or disruptive, completely revolutionizing an industry or field. Creativity is the ability to generate novel and imaginative ideas, often by connecting seemingly unrelated concepts or thinking outside the box. It is the foundation of innovation and can manifest in various forms, including artistic expression, problem-solving, and design thinking.


What are some super translations for the keyword "innovation"?

Some synonyms for the keyword "innovation" include creativity, originality, invention, and advancement.


What is the Apple in a Box Theory and how does it relate to the concept of innovation and creativity?

The Apple in a Box Theory suggests that thinking outside the box can lead to innovation and creativity. By breaking away from traditional or conventional ideas (the box), individuals can come up with new and original solutions (the apple). This theory emphasizes the importance of exploring unconventional perspectives and approaches to foster innovation and creativity.


What are the two essential components of innovation?

The two essential components of innovation are creativity, which involves generating novel ideas and solutions, and implementation, which involves bringing those ideas to market or putting them into practice to create value. Successful innovation requires both inventive thinking and effective execution.


What is the Difference between innovative and imitative enterpreneurs?

difference btw innovation and creativity