Acting Entrepreneurially - Value Innovation

9 important questions on Acting Entrepreneurially - Value Innovation

The concept of value innovation is well suited to evaluating how to _______ and where to ______.

compete, invest

How does the value curve compare products or services?

by using a diagram to rate a range of factors on a scale from low to high 

What are some factors that are compared on the value curve?

product/service features, benefits, pricing, or other things important to the business
  • Higher grades + faster learning
  • Never study anything twice
  • 100% sure, 100% understanding
Discover Study Smart

Diagramming each competitor on a single graph can identify ____ and highlight _____________ for entrepreneurs and can identify possible changes in the _____ proposition that entrepreneurs can create.

gaps, opportunities, value

What are the 4 factors that you should align to deliver value innovation within the venture?

what to eliminate, reduce, raise, and create 

If you can identify factors to _________, you can save the expenses of money and time and redirect these resources into other factors that are truly valuable to customers.

eliminate

________ certain factors will will present an opportunity to be more efficient and effective than competitors.

Reducing

By _______ factors that can elevate values that matter for customers, you can differentiate yourself from competitors and improve your competitive advantage.

Raising

If you have the ability to ______entirely new features or benefits to be delivered by your products or services, then you are unique and highly valuable to costumers.

create

The question on the page originate from the summary of the following study material:

  • A unique study and practice tool
  • Never study anything twice again
  • Get the grades you hope for
  • 100% sure, 100% understanding
Remember faster, study better. Scientifically proven.
Trustpilot Logo