Things to take note of Flashcards
1
Q
What are the similarites between inovation, entreprenership and imitation?
A
<i>RA MVC</i>
- Market Orientation:
All of them are influenced by the market and aim to solve a problem or provide value to customers.
- Market Orientation:
- Value creation
They involve creating products and services that are valuable to customers - Adaptability and Flexibility
They are all subject to change based on market feedback - Risk and Uncertainty
All of them involve risk and their outcomes are not certain. - Competitive advantage
They all can provide competitive advantages over competitors