Faced with a rich environment full of potential sources of innovation, individuals and organizations need a strategic approach to searching for opportunities. Which of the following is NOT true about searching for innovation opportunities?

Question $8$Answer

a$.$

Search strategies require a combination of exploit and explore approaches, but these often need different organizational arrangements.

b$.$

Bounded exploration involves radical search but within an established frame.

c$.$

Reframing innovation requires a different mindset, a new way of seeing opportunities $$ and often favours start$-$up entrepreneurs.

d$.$

Exploit innovation favours established organizations, and start$-$up entrepreneurs mostly find opportunities within niches in an established framework.

e$.$

Exploring at the edge of chaos favours established organization as it requires skills in trying to $$manage$$ processes of co$-$evolution.