What Are Three Benefits to the Use of Contingency Funds

question 22

Essay

What are three benefits to the use of contingency funds?

---

Definitions:

Dynamically Continuous Innovation

Dynamically continuous innovation involves significant changes to existing products or processes, making improvements while not requiring consumers to learn entirely new behaviors.

Discontinuous Innovation

A type of innovation that creates a significant change and often creates a completely new market or drastically alters an existing one.

Continuous Innovation

The ongoing introduction of improvements and enhancements to products, services, or processes that add value to the organization and its stakeholders.

New Consumption Patterns

Emerging trends in the way consumers purchase and use goods and services, often driven by changes in technology, culture, or economic factors.