Question.4813 - Week 5 discussionThis is the discussion forum for Week 5 of the semester. Only items you post here during the class week will be counted toward your discussion grade.You must answer the discussion questions with your own relevant and meaningful input. Also, you must reply to the inputs of at least 2 other students in the class. You should participate throughout the week so that others will be able to respond to your input and also you to theirs. Discussion Questions:1) Describe opportunity identification for the entrepreneur.2) In your own words, state what is meant by the term innovation.3) Name, and describe in detail one of the major misconceptions.
Answer Below:
Describe xxxxxxxxxxx Identification xxx the xxxxxxxxxxxxxxxxxxxxxxx identification xx the xxxxxxx by xxxxx entrepreneurs xxxxxxxxx evaluate xxx act xxxx potential xxxxxxxx ventures xx involves xxxxxxxx gaps xx the xxxxxx addressing xxxxx consumer xxxxx or xxxxxxxxx existing xxxxxxxx and xxxxxxxx This xxxxxxx is xxxxxxxx to xxxxxxxxxxxxxxxx because xx lays xxx foundation xxx successful xxxxxxxx ventures xxxxxxxxxxxxx typically xxxxxxxx opportunities xxxxxxx various xxxxx such xx personal xxxxxxxxxx market xxxxxxxx industry xxxxxx and xxxxxx or xxxxxxxx shifts xxxxxx One xxx aspect xx opportunity xxxxxxxxxxxxxx is xxxxxxxxxx an xxxxxxxxxxxxxxx mindset xxxxx observant xxxxxxx and xxxxxxx to xxxx calculated xxxxx Three xxxxxxx methods xx opportunity xxxxxxxxxxx include xxxxxxxxx Trends xxxxxxxxxxxxx keep x close xxx on xxxxxx economic xxxxxxxxxxxxx and xxxxxxxxx changes xxx example xxx rise xx remote xxxx led xx an xxxxxxxx in xxxxxx for xxxxxxxxx spaces xxx virtual xxxxxxxxxxxxx tools xxxxxxx Problems xxxx successful xxxxxxxxxx emerge xxxx the xxxx to xxxxx everyday xxxxxxxx For xxxxxxx Uber xxx Lyft xxxx created xx address xxxxxxxxxxxxxx in xxxxxxxxxxx taxi xxxxxxxx Identifying xxxxxx Gaps xxxxxxxxxxxxx can xxxxxxxxx underserved xx niche xxxxxxx where xxxxx is xxxxxx but xxxxxxx supply xxx example xxxxxxxxxxxx and xxxxxxxxxxx products xxxx seen x rise xx demand xxx to xxxxxxxx awareness xxxxx environmental xxxxxx Successful xxxxxxxxxxxxx go xxxxxx identifying xx opportunity xxxx also xxxxxx its xxxxxxxxxxx by xxxxxxxxx potential xxxxxxxxxxx financial xxxxx and xxxxxxxxxxx Once xx opportunity xx validated xxxx take xxxxxx by xxxxxxxxxx business xxxxx securing xxxxxxx and xxxxxxxxx strategies xx bring xxxxx idea xx market xx Your xxx Words xxxxx What xx Meant xx the xxxx InnovationInnovation xxxxxx to xxx process xx creating xxx ideas xxxxxxx products xx services xxxx provide xxxxx It xxxxxxxx improving xxxxxxxx solutions xx developing xxxxxxxx new xxxx to xxxxxxx customer xxxxx increase xxxxxxxxxx or xxxxxxx industries xxxxxxxxxx is xxxxx confused xxxx invention xxx they xxx distinct xxxxxxxx Datta xxxxxxxxxx While xxxxxxxxx refers xx the xxxxxxxx of xxxxxxxxx entirely xxx innovation xxx be xxxxx refining xxx improving xxxxxxxx ideas xxx example xxxxxxxxxxx were xxx an xxxxxxxxx mobile xxxxxx already xxxxxxx but xxx introduction xx touchscreen xxxxxxxxxx and xxx ecosystems xxxxxxxxxxxxxx how xxxxxx interact xxxx their xxxxxxx There xxx different xxxxx of xxxxxxxxxx including xxxxxxx Innovation xxxxxxxxx or xxxxxxxxxx new xxxxxxxx e x electric xxxxxxxx Process xxxxxxxxxx Improving xxx way xxxxxxxxxx operate x g xxxxxxxxxx in xxxxxxxxxxxxx Business xxxxx Innovation xxxxxxxx how xxxxx is xxxxxxxxx to xxxxxxxxx e x subscription-based xxxxxxxx like xxxxxxx Social xxxxxxxxxx Addressing xxxxxxxx challenges xxxxxxx new xxxxxxxxx e x microfinance xxx low-income xxxxxxxxxxxxx In xxxxxxxx innovation xx essential xxx staying xxxxxxxxxxx Companies xxxx fail xx innovate xxxx becoming xxxxxxxx as xxxxxxxx preferences xxx technological xxxxxxxxxxxx evolve xxxx and xxxxxxxx in xxxxxx One xx the xxxxx MisconceptionsOne xx the xxxxx misconceptions xxxxx entrepreneurship xx that xxxxxxxxxxxxx are xxxx not xxxx Many xxxxxx believe xxxx successful xxxxxxxxxxxxx possess xxxxxx traits xxxx as xxxxxxxxxxx ability xxxxxxxxxx or xxxxxxxxxx and xxxx these xxxxxxxxx cannot xx developed xxxxxxx research xxx real-world xxxxxxxx suggest xxxxxxxxx Entrepreneurial xxxxxx can xx learned xxxxxxx education xxxxxxxxxx and xxxxxxxxxxx Peschl xx al xxxxx some xxxxxxxxxxx may xxxxxxxxx have xxxxxxxxxxxxxxx that xxxxx with xxxxxxxxxxxxxxxx many xxxxxxxxxx business xxxxxx acquire xxxxx skills xxxx time xxxxxxxx education xxxxxxxxxx and xxxxxxxx experience xxxx significant xxxxx in xxxxxxx entrepreneurial xxxxxxxxx For xxxxxxxx figures xxxx Elon xxxx and xxxx Bezos xxxx not xxxx with xxxxxxxx acumen xxxx developed xxxxx expertise xxxxxxx continuous xxxxxxxx experimentation xxx adaptation xxxx entrepreneurs xxxx multiple xxxxx before xxxxxxxxxx demonstrating xxxx perseverance xxx learning xxxx mistakes xxx just xx important xx any xxxxxxxx traits xx conclusion xxxxxxxxxxxxxxxx is xxx limited xx those xxxx a xxxxxxx gift xxxx the xxxxx mindset xxxxxxxxx and xxxxxxxxxx anyone xxxx determination xxx strategic xxxxxxxx can xxxxxx a xxxxxxxxxx entrepreneur xxxxxxxxxxxxxxx A x Srivastava x Re xxxxxxxxxxxxxxx technological xxxxxxxxxxxx innovation x systematic xxxxxx of xxx literature xxx proposed xxxxxxxxx Technological xxxxxxxxxxx and xxxxxx Change xxxxxx H xxxx C xxxxxx N xxxxxxxxxxxxxxx thinking x signature xxxxxxxx for xx uncertain xx century xxx International xxxxxxx of xxxxxxxxxx Education xxxxxx V xxx role xx entrepreneurs xx advancing xxxxxxxxxxx lifestyles xxxxxxxxxx impacts xxx future xxxxxxxxxxxxx Journal xx Cleaner xxxxxxxxxxMore Articles From Entrepreneurship
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