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why is innovation the key concept in entrepreneurship?​

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Answer:

why is innovation the key concept in entrepreneurship?

Innovation is important in entrepreneurship. In the highly competitive world that we live in, innovative ideas are what will separate you from the rest. ... In order to create an outstanding product, strong brand and to build your customer network, you need to innovate.

What is the concept of innovation to entrepreneurs?

Innovation is about the process and organisation needed to generate ideas in any context.” The ability to innovate in this sense isn't just a vital component of a thriving business, but can be seen as an essential aspect of entrepreneurship itself.

Explanation:

What is the key concept of entrepreneurship?

Entrepreneurship is the act of setting out on your own and starting a business instead of working for someone else in his business. While entrepreneurs must deal with a larger number of obstacles and fears than hourly or salaried employees, the payoff may be far greater as well.

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