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Organizing and Managing Innovation - Entrepreneurship and Business Innovation - Flashcards
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What is Incremental innovation?
What is Incremental innovation?
steady improvement of a product/service (often from incumbent firms)
Where can start-ups get financing from?
Where can start-ups get financing from?
- Personal financing/family and friends
- Debt financing
- Angel financing
- Venture financing
- Crowd financing
When looking at Porter’s 5 forces analysis, the automobile industry seems immune to new entrants. Explain why.
When looking at Porter’s 5 forces analysis, the automobile industry seems immune to new entrants. ...
- Economies of scale
- Learning curves
- Access to distribution channels
- Patents
- Unrecoverable up-front R&D expenditures
- Variety of overhead costs
- Other capital requirements
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