Entrepreneurship and Innovation

Question 1. Outline and discuss the concepts of innovation management and entrepreneurship (4 marks). In your discussion, consider the similarities of and differences between the concepts (4 marks). Illustrate your discussion with two examples from the business domain (2 marks). Question 2. Discuss what the main challenges are for the adoption and diffusion of a new, radical innovation, using relevant theories to support your discussion (8 marks). Illustrate your discussion with examples (2 marks). Question 3. Outline and discuss five key elements that identify large innovative organisations (5 marks). In your answer, explain why these elements are important for developing corporate innovation (3 marks). Illustrate your discussion with examples (2 marks). Question 4. Disruptive technological innovations can create ‘new market space’ within an industry. Outline and discuss the process of creating new market value (4 marks). Also discuss various strategies that may lead to creating ‘new market space’ (4 marks). Illustrate your discussion with examples (2 marks).