Radical Innovations

question 73

Multiple Choice

Radical innovations

• A) often result in quick profits.
• B) often occur because of technological change.
• C) usually apply simultaneously to products and processes.
• D) are a form of contentious innovation.

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Definitions:

Business Plan

A detailed document outlining the objectives, strategies, financial forecasts, and market research for a new or existing business.

Road Map

A plan or strategy intended to achieve a specific goal, laid out with steps or milestones.

Feasibility

The measure of how viable or possible it is to achieve a proposed project or plan, often assessed in terms of cost, time, resources, and technology.

Value Proposition

The unique value a product or service offers to customers, distinguishing it from competitors.