Question: As the founder and owner of an upstart electronics firm, you see the need to develop a framework for managing innovation and entrepreneurship. Explain:
• How you will encourage your employees to think like entrepreneurs.
• How you will identify, select, and evaluate potential breakthrough ideas.
• Your system for ongoing monitoring and assessment of the external environment.
• How you will determine if an idea represents a breakthrough or incremental innovation.
• Your checklist of criteria for rating innovative idea.