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PART 1 Question 1 Question 2 Question 3 Question 4 Choose FOUR questions from this section, illustrating your answer with examples where appropriate. Each question is worth 10 marks so you should allocate your time accordingly. Use examples to distinguish between the following terms: 'discovery', 'invention and innovation'. Explain the main differences between the following types of innovation: product innovation, service innovation and process innovation. Explain the different stages of an enterprise life cycle, illustrating them with a simple diagram The economist, William Baumol (1990) identified three different forms of entrepreneurship: 'productive', 'unproductive' or 'destructive' entrepreneurship. Using simple practical examples, explain the main differences between these forms. Human creativity is often based around the re-combination of existing ideas. Select and describe TWO practical examples which show how re-combining ideas can lead to a technological or social innovation. Identify and explain each of the stages of Tuckman and Jensen's (1977) model of team development. Define the concept of design thinking' (Brown, 2008) and explain its importance to entrepreneurs and innovators. Describe FIVE key characteristics of business incubators, illustrating each characteristic with a brief example. Question 5 Question 6 Question 7 Question 8