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Question 3Innovations must be radical and disruptive in order to be viable for new company creation.1 pointTrueFalse

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Question 3

Innovations must be radical and disruptive in order to be viable for new company creation.
1 point

  • True
  • False
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Solution

The statement "Innovations must be radical and disruptive in order to be viable for new company creation" can be analyzed as follows:

  1. Understanding the Terms:

    • Radical Innovation refers to breakthroughs that create new markets or significantly alter existing ones.
    • Disruptive Innovation introduces a cheaper and more accessible product that may not initially meet the needs of the highest-end customers but eventually displaces established competitors.
  2. Evaluate the Context:

    • While radical and disruptive innovations can lead to significant new market opportunities, many successful companies are built on incremental improvements or innovations in existing products or services.
  3. Conclusion:

    • It is not necessary for innovations to be radical or disruptive for a company to be viable. Companies can thrive through incremental changes, efficiency improvements, or better customer service.

Final Answer

False. Innovations do not have to be radical and disruptive to be viable for new company creation.

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