Describe the innovation process.

What will be an ideal response?


ANSWER: The innovation process begins with a conscious, purposeful search for new opportunities, followed by an analysis of the sources of new opportunities. Innovators must go out and look, ask, and listen. Most successful innovations are simple and focused, and they create new customers and markets.

Business

You might also like to view...

When assessing future hospitality work, which statement is the most likely or accurate?

a. The next generation resembles the current generation in work ethic. b. The next generation will be more psychologically motivated than the current generation. c. The next generation of employees will be more diverse than the current generation. d. Baby boomers will have minimal effect on the available workforce.

Business

Personal property that is most often exempt from satisfaction of judgment debts does not include equipment that the debtor uses in a business or trade

Indicate whether the statement is true or false

Business

An employee who falsified sales figures at his company explained, "I felt I had no choice.". The employee's conduct is best explained by:

a. A lack of ethics training. b. The company culture. c. The failure to screen him out. d. None of the above

Business

Social security tax applies only until an annual covered maximum wage is reached. What was that wage in 2012?

A) $84,600 B) $90,400 C) $110,100 D) $119,000

Business