Help
Options
Didn't know it?
click below
click below
Knew it?
click below
click below
Don't Know
Remaining cards (0)
Know
retry
shuffle
restart
0:00
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Vocab. 3.02
| Term | Definition |
|---|---|
| Competitive advantage: | The edge achieved by businesses that offer something better than their competitors |
| Creative destruction: | A term coined by Austrian economist Joseph Schumpeter to describe how new goods and services can hurt existing goods and services |
| Creativity: | The ability to generate unique ideas, approaches, and solutions |
| Curiosity: | The desire to learn |
| Demographics: | The physical and social characteristics of the population |
| Determination: | Staying with something until it is finished; not giving up easily |
| Flexibility: | The ability to adapt to changes as they occur |
| Innovation: | Something new, such as a new product, method, strategy, or process |
| Open-mindedness: | A willingness and ability to consider new ways of thinking |
| Paradigm innovation: | A type of innovation that is a significant change in the way a product is viewed by users and society at large |
| Paradigms: | The values, assumptions, and beliefs that make up the way people see things |
| Positioning innovation: | A type of innovation that occurs when the purpose of a product is changed |
| Problem-solving skills: | The ability to find solutions to obstacles or problems |
| Process innovation: | A type of innovation that occurs when a business changes a method or how something is done |
| Product innovation: | A type of innovation that occurs when a business either creates or improves a product |
| .Risk-taking ability: | Understanding and accepting the responsibility of not knowing the outcome of your actions |
| Trends: | The general direction(s) in which people or events are moving |
Created by:
djj.dg
Popular Business sets