What are the three reasons for understanding how the process of innovation works?
What will be an ideal response?
Answer: (1) Product obsolescence: Existing products become obsolete as consumers' needs change or competitors add better features. (2) Frequent failure of new products: Constant innovation is necessary because most new products your company introduces will not be accepted by enough consumers to be successful. (3) Long development time: Some products take years to take shape.
Explanation: Most innovative products are not radically new, whereas others may be so wildly ahead of their time as to seem impractical today.
You might also like to view...
A telemarketer who was trying to get Chloe to change her Internet usage plan asked her, "Are you ready to switch now?" This scenario indicates that he was using the ________ closing method.
A. direct request B. assumptive C. alternative choice D. benefit summary E. balance sheet
All stakeholders need to agree upon the requirements before the start of the project
Indicate whether the statement is true or false
The 1966 Supreme Court opinion relating to the Miranda rights holds that:
a. persons accused of a crime must be informed of their right to remain silent b. persons accused of a crime must be informed of their right to be represented by counsel c. persons accused of a crime must be informed that statements they make can be used as evidence against them d. all of the other specific choices are correct e. none of the other specific choices are correct
Explain how a company can operate at multiple stages of global corporate citizenship at any one point in time.
What will be an ideal response?