3.2.4. Innovation and Competitive Edge

Try these first

1. 1.

   What is the definition of innovation?

   Hint

   Think about how new technologies are often developed.

2. 2.

   Name one company that is known for its innovation.

   Hint

   Consider companies that have changed their industry.

3. 3.

   What is a competitive edge?

   • A new technology
   • An advantage over competitors
   • A type of strategy

   Hint

   Think about what makes companies successful.

4. 4.

   True or False: Innovation only benefits existing companies.

   • True
   • False

   Hint

   Consider the role of startups in the industry.

5. 5.

   Analyze how technological innovations could disrupt traditional industries in the next decade.

   Hint

   Think about current trends that indicate changes in consumer behavior.

6. 6.

   Design a hypothetical software product that leverages innovation to solve a current market problem.

   Hint

   Reflect on issues faced by communities that could be improved with technology.