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there are three major types of innovation in entrepreneurship;
1. Breakthrough Innovation
2. Technological Innovation
3. Ordinary Innovation
Breakthrough innovations are extremely unique innovations that set to discover the basis of further innovation in an area. like steam engine, computer, internet, Nanotechnology, Airplane, artificial life etc.
Technological Innovations are actually advancement of existing technology at a meaningful level so that can be used for further innovations. Voice & Text messages, Jet Airplanes, iPhone etc.
Ordinary Innovations occurs most frequently. These innovations are usually better in technology or services to have a better market appeal. Ordinary innovation has more market pull than the technology Pull because Ordinary innovations are done after the market analysis. Examples are Football shows, New applications for PC, a better supply chain & distribution for customers, & thousands of new improved products we see around us.!
thanks!!
SIKANDAR ASLAM
MARDAN, KPK, Pakistan.
What else can I help you with?
What are the areas of entrepreneurship?
Entrepreneurship encompasses various areas, including small business development, social entrepreneurship, corporate entrepreneurship (intrapreneurship), and scalable startup ventures. It also spans sectors like technology, healthcare, e-commerce, and creative industries. Each area focuses on different objectives, such as profit generation, social impact, or innovation. Ultimately, entrepreneurship drives economic growth and job creation across diverse fields.
What is the Abbreviation of entrepreneurship?
The abbreviation of entrepreneurship is commonly represented as "Eship." This shorthand is used to denote the practice and mindset of starting new businesses or ventures. It encapsulates the innovative spirit and ris taking inherent in entrepreneurial activities. "Eship" serves as a succinct label for the dynamic field of creating and managing enterprises.
What is unproductive entrepreneurship?
Unproductive entrepreneurship refers to entrepreneurial activities that do not create significant economic value or contribute to innovation and job creation. Instead, it often involves efforts that focus on rent-seeking, where entrepreneurs exploit existing market conditions or regulatory frameworks for personal gain without enhancing overall productivity. This type of entrepreneurship can lead to inefficiencies in the economy and may divert resources away from more productive ventures. Ultimately, unproductive entrepreneurship can hinder economic growth and development.
Types of entrepreneurship?
Entrepreneurial activities are substantially different depending on the type of organization and creativity involved. Entrepreneurship ranges in scale from solo projects (even involving the entrepreneur only part-time) to major undertakings creating many job opportunities
What is personal entrepreneurship?
Personal entrepreneurship refers to the process of individuals taking initiative to create, develop, and manage their own business ventures, often driven by personal passion or ambition. It involves identifying opportunities, assuming risks, and leveraging personal skills and resources to achieve financial independence and personal fulfillment. This type of entrepreneurship emphasizes self-motivation, innovation, and the ability to adapt to changing circumstances. Ultimately, it empowers individuals to shape their own economic futures and contribute to the broader economy.
How are innovation and entrepreneurship related?
Discuss the relationship between creativity,innovation and entrepreneurship
How are creativity innovation and entrepreneurship related?
Discuss the relationship between creativity,innovation and entrepreneurship
What is the relationship between technological innovation and entrepreneurship?
lelationship between innovation and techology
What is Lester Center for Entrepreneurship's motto?
The motto of Lester Center for Entrepreneurship is 'Leading Through Innovation'.
Can you give me a sentence using the word entrepreneurship?
Entrepreneurship and innovation differ in the fact that entrepreneurship requires organizing and managing an enterprise, instead of only contributing.
What is the relationship between Innovation leadership and entrepreneurship?
yo mumma.
Competition can promote entrepreneurship development.discuss?
innovation bringthforth a good enterpreneur
Innovation is the hallmark of entrepreneurship discusscritically critically?
Innovation is often seen as the cornerstone of entrepreneurship, as it drives new ideas, products, and services that can disrupt markets and create value. However, equating entrepreneurship solely with innovation can be misleading; many successful entrepreneurs focus on optimizing existing solutions or improving operational efficiencies rather than solely inventing new ones. Additionally, the sustainability of innovative ventures often relies on effective execution and market understanding, suggesting that innovation alone does not guarantee success. Thus, while innovation is crucial, it must be complemented by strategic planning, market insight, and adaptability to truly define successful entrepreneurship.
What are some examples of entrepreneurship in economics and how do they contribute to economic growth and innovation"?
Entrepreneurship in economics refers to individuals starting and running businesses. Examples include creating a new product, service, or technology. These ventures contribute to economic growth by creating jobs, generating income, and driving innovation.
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.
What is the motto of Universiti Tun Abdul Razak?
Universiti Tun Abdul Razak's motto is 'Innovation. Leadership. Entrepreneurship.'.
How can i use entrepreneurship in a sentence?
The teenager showed initiative and entrepreneurship by offering dog-walking services at the nearby nursing home, where the elderly loved their dogs, but could not exercise them.In order to stimulate the lagging local economy, the council offered generous grants to support programmes in innovation and entrepreneurship.
