Discuss with relevant examples the four (4) different types of innovation in the automotive industry.please provide detailed answer.
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Discuss with relevant examples the four (4) different types of innovation in the
automotive industry.please provide detailed answer.
Step by step
Solved in 3 steps
- Discuss the common steps involved in the innovation process in depth withrelevant references and examples.Are network effects good or bad for innovation? Explain.Use your own words to describe what is “disruptive innovation”. If you consider the industry structure (i.e., the 5 forces), is disruption innovation considered as the threat of new entrance, threat of substitutes, or Rivalry among existing competitors and why? Please list five (5) disruptive innovations in other industries (not automobile or related industries, as we will discuss the industry in detail later)
- Give at least two challenges in of innovation and how do you succeedWhat is innovation? What are different types of innovation? Explain with real life examples from your own daily routine life.Discuss what are the four main types of innovation and their similarity and difference with each other. the 4 main types of innovation are Product, Process, Marketing, and Organisational