Business Management Tasks QHT1 Western Governors University

A. Entrepreneurship a. Product Innovation continually pushes companies to create new products and improve on their existing products. Creating a culture of product innovations has many beneficial side effects. Product innovation can expand a companys market share, increase profitability and adapt quickly to change. b. Process Innovation is a change in the way a company produces a good or service. Maintaining a company culture of process innovation can create a flexible environment to produce the companies product. From volume production or mass customization, efficient customer service to efficient supply chain solutions. c. A Business Model Innovation culture brings with a constant effort to...