(Optional) Describe the need for entrepreneurial innovation.
Description should include
- the definition of innovation
- the relationship between entrepreneurship and innovation
- the reasons for the necessity of innovation in society
- to differentiate a product/service
- to introduce a new product/service to meet a community demand
- to enhance a product/service
- to reach or create new markets.
Process/Skill Questions:
- What causes someone to improve an existing product?
- How is innovation linked to performance and growth in business?
- How do organizations cultivate an environment that supports innovation?
- How can innovative goods and services create new markets?