Innovation and exploiting opportunities
What is the process of innovation?
The process of innovation refers to the creation and implementation of new ideas, products, services, or processes in a successful way.
Innovation is the process of copying existing ideas, products, services, or processes.
Innovation is the process of implementing pre-existing solutions in different areas.
Innovation is the process of generating new ideas but not implementing them.
How can small businesses benefit from social innovation?
SMEs can benefit from social innovation by becoming involved in philanthropic activities without any expectation of financial returns.
Small businesses can benefit from social innovation by focusing only on short-term gains, not on creating long-term value for customers and society.
Social innovation can help SMEs to create value for customers and society.
None is correct.
How can small businesses benefit from green innovation?
None is correct.
Green innovation can help SMEs to improve their environmental performance and create sustainable products and services.
SMEs can benefit from green innovation by investing in expensive and complex environmental technologies without carefully assessing the return on investment.
Green innovation is only about recycling and not about creating new sustainable products and services.
Why creativity is so important for small businesses?
None is correct.
Creativity is important for small businesses because it allows them to imitate and replicate the ideas of large companies.
Creativity can foster innovation and improve productivity.
Creativity is important for small businesses because it allows them to indulge in creative endeavors without any practical application or measurable outcomes.
Why critical thinking is so important?
It allows to make decisions based on emotions and biases rather than facts and reasoning.
It Improves decision-making and problem-solving abilities.
It allows to make decisions based on the opinions of others without questioning or evaluating their validity.
None is correct.
