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The book "Innovation and Entrepreneurship" presents several innovative ideas. One of the key ideas is the importance of understanding and responding to external influences such as changes in regulations or technology. The book uses the example of the deregulation of Interstate banking, which changed the banking industry by removing barriers to entry and allowing smaller startups to compete. This illustrates the idea that external forces can create opportunities and present new risks, and businesses must be ready to take advantage when industries inevitably expand or falter.
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Take the mystery out of entrepreneurship and innovation with this book. The author provides a series of case studies to demonstrate that the best inno...
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Industries and markets are always changing, often because of external influences like changes in regulations or technology. Businesses must be ready to take advantage when industries inevitably expand or falter. The deregulation of Interstate banking changed the face of banking by removing many of the obstacles that prevented entry except for a select few. This deregulation increased entry rates and allowed smaller startups to get into the game. External forces can create opportunities and present new risks, so they must be monitored just like every other influence.
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