These three questions need to be answer by 27 FEB,. in a at least two paragraphs per questions with examples in a logical manner. font 12 double space in times new roman with references and in paragra

These three questions need to be answer by 27 FEB,. in a at least two paragraphs per questions with examples in a logical manner. font 12 double space in times new roman with references and in paragraphn citation.1.

1. What is technological innovation? Why is it important to firms?

2. How are the approaches to managing innovation the same and different for new and incumbent firms? Are these patterns the same in all industries?  If not, how do they vary across industries?

3. What role does the government play in fostering innovation? Is it necessary to have the government involved to have innovation?  Why or why not?