Identify and describe five of the innovation principles.
Answer to relevant QuestionsIn your own words, state what is meant by the term innovation.How can asking the right questions help an entrepreneur evaluate a new venture? What types of questions are involved?1. What happened? What mistake did Bill make in terms of the new venture?2. How could this problem have been prevented? Defend your answer.3. What lesson about new-venture assessment does this case provide? Be complete in ...How can a prospective franchisee evaluate a franchise opportunity? Explain.What are the benefits and drawbacks of equity and of debt financing? Briefly discuss both.
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