Many argue that innovation is invention taken to the marketplace and accepted. Explain in your own words the difference between invention and innovation – and explain how you might deal with an inventor that believes they want to become an entrepreneur. How would you deal with that person, toward what resources would you point them, how would you explain the difference between them as an inventor, and an entrepreneur?
Question #2
Innovator’s Dilemma (Student must write 100 words minimum for the entire question, which includes #2A and #2B and #2C and #2D. Penalties will be assessed if student fails to answer #2A and #2B and #2C and #2D)
Sub-Question #2A:
Describe Christenson’s idea of “Innovator’s Dilemma,” and then describe his idea of “Innovator’s solution.” Do you agree with these two concepts (why or why not)?
Sub-Question #2B:
How might you (or any entrepreneur or manager) benefit by thoroughly understanding these two concepts?
Sub-Question #2C:
How does innovation relate to creativity?
Sub-Question #2D:
How does innovation and creativity apply to entrepreneurship and new venture creation?
