Entrepreneurship reviewer

Which of the following describes innovation?

• changing or creating more effective and systematic processes, products, services

• powerful instrument of entrepreneurs through which they convert opportunities into business/different services

• all of the above

Another element of innovation is the set of planned ---------- ---------
that are required to make innovation happen.

TRUE OR FALSE: Innovation diffusion is the "the adoption
and implementation of new ideas, processes, products, or
services"

• true

• false

No competition in your market

• blue ocean strategy

• red ocean strategy

(type of innovation) Downgrades an existing innovation

• disruptive

• incremental

• modular

(type of innovation) Refines and improves an existing design, mostly just improvements in its components

• incrementai

• incremental

• modular

• radical

(type of innovation) Totally developing a new design by using new components configured and incorporated into a design in a new way

• modular

• radical

• incremental

• disruptive

Who invented the "bureaucratic management theory"?

• max weber

• f.w. taylor

• henri fayol

• hindi yan entrep

Act of creating something new and unique

Four elements of the diffusion of innovation?

• innovation, communication, time, social system

• innovation, rate of adoption, information, diffusion