Conceiving of Innovative Business Models Typically Involves

question 7

Multiple Choice

Conceiving of innovative business models typically involves:

• A)Using analogies to transfer and adapt business models from other business sectors
• B)Using brain storming to generate creative ideas
• C)Deploying articficial intelligence
• D)Exploring the interface between custimewr need and the firm's resources and capabilities

---

Definitions:

Cultural Relativism

The concept that beliefs, values, and practices should be understood based on an individual's own culture, rather than judged against those of another.

Ethical Relativism

The doctrine that moral values and judgments are relative to the cultural or individual context in which they occur, and are not absolute.

Ethics

The branch of philosophy that deals with questions about morality, including concepts such as good and evil, right and wrong, virtue, and justice.

Values

The principles or standards of behavior considered important or desirable in a person or society, guiding decisions and actions.