BUSI 490 Chapter 12 questions with 100% correct answers

BUSI 490 Chapter 12 Innovation - correct answer - involves using new knowledge to transform organizational processes or create commercially viable products and services Product Innovation - correct answer refers to new or better products or services Process Innovation - correct answer - by contrast, is typically associated with improving the efficiency of an organizational process, especially manufacturing systems and operations Radical Innovation - correct answer - produce fundamental changes by evoking major departures from existing practices Incremental Innovations - correct answer - enhance existing practices or make small improvements in products and process Business Incubators - correct answer a corporate new venture group that supports and nurtures fledgling entrepreneurial ventures until they can thrive on their own as stand-alone businesses BUSI 490 Chapter 12