In an Economy of Change,continuous Innovation Is Necessary

question 43

Essay

In an economy of change,continuous innovation is necessary.Most companies rarely innovate,some innovate occasionally,and a few innovate continuously.Comment on why a company should continuously develop new products.

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Definitions:

Sleep

A naturally recurring state of mind and body, characterized by altered consciousness, relatively inhibited sensory activity, and inhibition of nearly all voluntary muscles.

Rest

A period of relaxation, sleep, or inactivity, especially after a period of work or strenuous activity, allowing for recovery and rejuvenation.

External Stimuli

Any factor, force, or influence from outside the body that can evoke a physiological or psychological response.

Metabolism

The chemical processes that occur within a living organism to maintain life, involving energy production and utilization.