Innovation and Entrepreneurship

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What is an innovation?

The implementation of a new or significantly improved product, process, marketing method, or organizational method

What is an important aspect of success in innovation according to the text?

Having the capabilities to manage good ideas

What does the text suggest about supply chain management and innovation?

Managing supply systems and upgrading them can stimulate innovation

Why do many small and medium-sized enterprises (SMEs) fail?

<p>They fail to see the need for change</p> Signup and view all the answers

What does the text imply about successful companies and core competencies?

<p>Core competencies can make it hard for successful companies to accept the need for change</p> Signup and view all the answers

What is an important aspect of success in innovation according to the text?

<p>Having a good idea and the capabilities to manage it</p> Signup and view all the answers

What does the text imply about the relationship between supply chain management and innovation?

<p>Innovation is dependent on strong supply chain management</p> Signup and view all the answers

Why do many small and medium-sized enterprises (SMEs) fail according to the text?

<p>Resistance to change and innovation</p> Signup and view all the answers

What is an innovation?

<p>Implementation of a new or significantly improved product, process, marketing method, or organizational method</p> Signup and view all the answers

What does the text suggest about successful companies and core competencies?

<p>Core competencies can hinder successful companies' ability to adapt to change</p> Signup and view all the answers

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