Question

Which of the below are the most likely approaches used to form entities in order to create and launch an innovation?

O Existing company, new startup, and a collaboration between an existing company and a new startup
O All of these options are correct.
O A new startup, collaboration between two new startups, and a divestiture (selling off subsidiary business)
O A new startup, a collaboration between two existing companies and franchise

Answer 1

The most likely approaches used to form entities in order to create and launch an innovation are existing company, new startup, and a collaboration between an existing company and a new startup.

Step-by-step explanation:

The most likely approaches used to form entities in order to create and launch an innovation are:

1. Existing company: An existing company can form a separate division or department within its organization to focus on innovation. This allows the company to utilize its existing resources, infrastructure, and expertise to develop and launch new ideas.
2. New startup: A new startup is a popular approach for entrepreneurs who want to build a business around a specific innovation or idea. By starting from scratch, these startups can have the flexibility to create a business model that aligns with their innovation goals.
3. Collaboration between an existing company and a new startup: This approach involves combining the resources and expertise of an existing company with the fresh ideas and innovation of a new startup. This collaboration allows for the sharing of knowledge, resources, and risks, which can lead to successful innovation.

Therefore, the correct option is O Existing company, new startup, and a collaboration between an existing company and a new startup.