Innovation/Entrepreneurial Mishaps

User Generated

lnaxrr21

Business Finance

mgt 411

Description

Write a 525- to 700-word paper in which your team identifies 2-3 organizations that have missed opportunities for innovation and/ are on the verge of closing down because a more innovative competitor has overtaken the market.

Analyze innovative strategies that were missed by the organization, and explain how the organization either ignored or missed opportunities for innovation.

List and discuss 2-3 innovative strategies that the organization could use today to potentially rebuild its entrepreneurial culture.

Format your paper consistent with APA guidelines.

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Explanation & Answer

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Running head: INNOVATION/ENTREPRENEURIAL MISHAPS

Innovation/Entrepreneurial Mishaps
Student’s Name
Institutional Affiliation

1

INNOVATION/ENTREPRENEURIAL MISHAPS

2

Innovation/Entrepreneurial Mishaps
When companies miss out on opportunities for growth through innovation, detrimental
consequences are bound to be observed. In a world where most business aspects are driven by
innovation, firms must at all times ensure that they take opportunities for growth through
innovation. This is mainly because such failure can lead to failure of the business. In the past, there
have been many companies that have failed to take these opportunities and had their operations
reduce to the verge of closing down. These businesses failed du...


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