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The document discusses innovation and entrepreneurship in the global economy and 1980s America. It defines innovation as creating something new or revolutionary. While entrepreneurs are related to innovation, not all businesses are innovative. The 1980s saw a need for American heavy industry to transform and innovate due to deregulation, making change unavoidable. There are different entrepreneurial strategies for innovation that each require specific behaviors and carry different risks.
The document discusses innovation and entrepreneurship in the global economy and 1980s America. It defines innovation as creating something new or revolutionary. While entrepreneurs are rela…