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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 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.
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.
What characteristic often associated with entrepreneurship is?
A characteristic often associated with entrepreneurship is resilience. Entrepreneurs frequently face challenges, setbacks, and failures, and their ability to bounce back and adapt is crucial for long-term success. This perseverance enables them to learn from experiences, pivot when necessary, and maintain their commitment to their vision despite obstacles. Resilience not only helps entrepreneurs navigate difficulties but also fosters innovation and growth within their ventures.
What is the definition of group entrepreneurship?
The definition of group entrepreneurship is a collaborative approach to enterprise creation. It can provide benefits to a community.
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
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.
What has the author Christine Ennew written?
Christine Ennew has written: 'Services Marketing' 'Entrepreneurship and innovation among GP fundholders'
