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This question contains two parts; be sure to answer both.
First, describe the seven components in creating an effective innovation system.
Next, explain how you would implement each of the seven components at the company you manage, Apps For All, which specializes in creating easy-to-use smartphone apps that help business people manage their daily schedule, contacts, and sales leads.
Stockholders
Individuals or entities that own equity shares in a corporation, giving them certain rights and privileges, such as the right to dividends.
Net Present Value
Net Present Value (NPV) is a financial metric used to evaluate the profitability of an investment, calculated as the difference between the present value of cash inflows and outflows.
Option To Wait
The flexibility to delay an investment or project to gather more information or wait for favorable conditions.
Discount Rate
The discount rate applied in DCF analysis to calculate the current worth of anticipated future cash flows.
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