Difficult terms

Question 1

Disruptive innovation

Answer 1

disruptive innovation is an innovation that creates a new market and value network or enters at the bottom of an existing market and eventually displaces established market-leading firms, products, and alliances.

Question 2

Boundary-spanning

Answer 2

Boundary spanning is a process of developing external relationships by spanning the boundaries for the accomplishment of the business objectives. It refers to a situation where an individual or an organization crosses the boundaries of a social group.

Question 3

holistic perspective

Answer 3

a holistic approach means providing support that looks at the whole person, not just their mental health needs. The support should also consider their physical, emotional, social, and spiritual wellbeing.

Question 4

Serendipity

Answer 4

If you find good things without looking for them ( good luck in finding valuable things unintentionally)

Question 5

Paradox

Answer 5

A seemingly absurd or contradictory statement or proposition which when investigated may prove to be well founded or true

Question 6

focal firm

Answer 6

The company which rules or governs the supply chain, provides the direct contact to the customer, and designs the product or service offered.