How does LS define these terms?
Learning Goal: I’m working on a entrepreneurship writing question and need an explanation and answer to help me learn.question1 /In Chapter 2 of LS, it places great importance on ensuring that startup managers understand the terms most relevant to their company. The terms are Institution, Product, and Uncertainty. How does LS define these terms? question2/ In Chapter 3 of WIW, they write – Namely, you can take on impossible tasks if you just realize that no matter how good, every rule can (and is all but meant to) be broken. Give 3 examples of rules that have been broken by innovation (try not to restate what we discussed in class but come up with new rules).