Entrepreneurship and innovation
management 2025 update|comprehensive
questions and verified answers (complete
solutions)
📌📌
The ability of a firm to recognize the value of new external information and exploit
it for commercial use - - Absorptive capacity
📌📌- Technological spillovers
Benefits from research spill to other companies.
Protection like patents, mobility of the labor -
Hard to share, inside of empoyees' heads - 📌📌- Tacit knowledge
formal, written procedures - 📌📌- Explicit knowledge
1) Nature, 2) Intensity, 3) Effect on competences, 4) Destination - 📌📌-
Classification of innovation
Product/service innovation or process innovation - 📌📌- Classification of
innovation; 1) Nature
📌📌
Incremental: makes minor changes to existing practises
Radical: new and different from prior solutions - - Classification of
innovation; 2) Intensity
📌📌
Competence enhansing: builds up on existing technology
Competence destroying: replaces technology - - Classification of
innovation; 3) Effect on competences
📌📌-
Modular: improvements in individual components
Architectural: uses existing technology to create something new -
Classification of innovation; 4) Destination
📌📌
True limits of tech are unknown. Shape of the s-curve is influenced by several
factors. - - Limitations of s-curve models
📌📌
A product design that is adopted by the majority of producers, typically creating a
stable architecture on which the industry can focus its efforts. - - Dominant
design
the value of a product to a consumer increases with the number of that product
management 2025 update|comprehensive
questions and verified answers (complete
solutions)
📌📌
The ability of a firm to recognize the value of new external information and exploit
it for commercial use - - Absorptive capacity
📌📌- Technological spillovers
Benefits from research spill to other companies.
Protection like patents, mobility of the labor -
Hard to share, inside of empoyees' heads - 📌📌- Tacit knowledge
formal, written procedures - 📌📌- Explicit knowledge
1) Nature, 2) Intensity, 3) Effect on competences, 4) Destination - 📌📌-
Classification of innovation
Product/service innovation or process innovation - 📌📌- Classification of
innovation; 1) Nature
📌📌
Incremental: makes minor changes to existing practises
Radical: new and different from prior solutions - - Classification of
innovation; 2) Intensity
📌📌
Competence enhansing: builds up on existing technology
Competence destroying: replaces technology - - Classification of
innovation; 3) Effect on competences
📌📌-
Modular: improvements in individual components
Architectural: uses existing technology to create something new -
Classification of innovation; 4) Destination
📌📌
True limits of tech are unknown. Shape of the s-curve is influenced by several
factors. - - Limitations of s-curve models
📌📌
A product design that is adopted by the majority of producers, typically creating a
stable architecture on which the industry can focus its efforts. - - Dominant
design
the value of a product to a consumer increases with the number of that product
