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A business idea is a concept envisioned by individuals or teams that can be monetized through the delivery of products or services. ... Examples of innovation
In his sequel with Michael E. Raynor, The Innovator's Solution, [14] Christensen replaced the term disruptive technology with disruptive innovation because he recognized that most technologies are not intrinsically disruptive or sustaining in character; rather, it is the business model that identifies the crucial idea that potentiates profound ...
Many examples show that the traditional bank oriented finance system is a severe hindrance to innovative entrepreneurship as it tends to be very risk averse. Innovation clusters need players who help translate creativity into commercial innovation which means on the one hand placing the emphasis on opportunities rather than on safe investment ...
The best small business ideas that are cheap to start require little or no training because you already have expertise in the field or industry. Online businesses are typically the most affordable ...
Thomas Edison with phonograph in the late 1870s. Edison was one of the most prolific inventors in history, holding 1,093 U.S. patents in his name.. Innovation is the practical implementation of ideas that result in the introduction of new goods or services or improvement in offering goods or services. [1]
Based on this multi-industry study, Christensen introduces the theory of "disruptive innovation", popularising the idea in business parlance. Christensen then argues that the following are common principles that incumbents must address: Resource dependence: Current customers drive a company's use of resources