Things to take note of Flashcards

1
Q

What are the similarites between inovation, entreprenership and imitation?

A
<i>RA MVC</i>
    1. Market Orientation:
      All of them are influenced by the market and aim to solve a problem or provide value to customers.
  1. Value creation
    They involve creating products and services that are valuable to customers
  2. Adaptability and Flexibility
    They are all subject to change based on market feedback
  3. Risk and Uncertainty
    All of them involve risk and their outcomes are not certain.
  4. Competitive advantage
    They all can provide competitive advantages over competitors
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