4 Written Questions
4 Multiple Choice Questions
- an organiztion partners w one or more other firms to combine two sets of resources and capabilities as the source of innovation
- circumstances suggesting that new goods or services can be sold at a price exceeding the costs incurred to create, make, sell, and support them
- new means of producing, selling, and supporting goods and services.
- the process of taking entrepreneurial actions using a strategic perspective by combining entrepreneurial and strategic mgmt processes to enhance the firm's ability to innovate, enter new markets, and improve its performance
3 True/False Questions
entrepreneurs → people who recognize entrepreneurial opportunities and then take risks to develop an innovation to pursue them
internal innovation → firm uses its own resources and capabilities to create products
administrative innovation → a new way of organizing or handling the organization tasks firms use to complete their work.