A key to effective innovation by the entrepreneur is:
A)dedicating at least 20% of pre-tax revenues to R & D.
B)always looking for new product and service ideas.
C)hiring managers with a track record for innovation.
D)None of these

Question

Quizplus · Accepted Answer

Always looking for new product and service ideas is a key to effective innovation by the entrepreneur. This involves continuously scanning the market for emerging trends and insights, and experimenting with new concepts and prototypes to see what resonates with customers. Dedication of funds to R&D and hiring managers with an innovative track record can also support innovation, but the entrepreneur's personal mindset and actions play a crucial role in driving innovation.

A Key to Effective Innovation by the Entrepreneur Is