Innovation-Entrepreneurship Framework

Question 1

What are the four points on the innovation-entrepreneurship framework?

Answer 1

Timing
Entrepreneur
Relationship
Innovation

Question 2

4 Innovation dilemmas

Answer 2

Technology push (technologists)
Market pull (users)

Product innovation (final product)
Process innovation (way product is produced)

Question 3

Difference between open and closed innovation

Answer 3

Closed relies an organisation’s own internal resources
Open involves deliberate import and export of knowledge. Exchanging ideas openly

Question 4

Three factors in choosing between imitate and innovate

Answer 4

Capacity for profit capture
Complementary assets
fast-moving arenas