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Question
Continuous innovations are described as:A.having the least disrupting influence on established consumption patterns.
B.having some disruptive influence on established consumption patterns.
C.having no disruptive influence on established consumption patterns.
D.having to establish new consumption patterns due to the creation of a previously unknown product.
Answer
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Adaptations necessary to meet changes in market demand are difficult because an organization resists change.
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First movers suffer a cost disadvantage as they are not able to move down the experience curve.
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The knowledge needed to generate innovation cannot be easily learned from a textbook.
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The U.S. Chamber of Commerce and Small Business Development Centers are good places to get information and assistance in starting a new business.
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