1) As their Consultant, explain the innovation process to them and outline the two (2) reasons innovation would be a better option to commence their business.

2) Outline the three (3) basic steps for the innovation process.

3) Explain three (3) conditions that must be met, for the innovation process to be effective.

4) As an entrepreneur, you are tasked with the responsibility to make a presentation to the Board of Directors, on the Covid-19 vaccine. Your presentation must list the three (3) types of innovation involved with examples, and explain fully how these innovations added value to the society.

5) Outline three (3) types of risks associated with investments in innovation