Innovation-Entrepreneurship Framework Flashcards
1
Q
What are the four points on the innovation-entrepreneurship framework?
A
Timing
Entrepreneur
Relationship
Innovation
2
Q
4 Innovation dilemmas
A
Technology push (technologists)
Market pull (users)
Product innovation (final product)
Process innovation (way product is produced)
3
Q
Difference between open and closed innovation
A
Closed relies an organisation’s own internal resources
Open involves deliberate import and export of knowledge. Exchanging ideas openly
4
Q
Three factors in choosing between imitate and innovate
A
Capacity for profit capture
Complementary assets
fast-moving arenas
