011 - Entrepreneurs Flashcards
(4 cards)
1
Q
What is the role of entrepreneurs?
A
Change agents who create new ventures, new value, new norms or new organisations.
2
Q
What distinguishes inventions from innovations?
A
Inventions are new ideas, innovations deliver value.
3
Q
What are the two types of innovations?
A
Incremental or radical.
4
Q
What forms can innovations take?
A
New products or processes (or improvements).
