The Innovation Strategy for Changing Products and Technologies That Involves

question 34

Short Answer

The innovation strategy for changing products and technologies that involves managers putting in place processes and structures to ensure that new ideas are carried forward for acceptance and implementation is known as _____ .

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Definitions:

Partnerships

Cooperative relationships between people or groups, often formalized by agreements, working toward common goals or business ventures.

Intelligent Failure

The concept of learning valuable lessons from the experiments and endeavors that do not succeed, thereby contributing to future success through improved knowledge and understanding.

Valuable Knowledge

Information or expertise considered critical or highly beneficial for achieving competitive advantage and operational efficiency.

Process Inadequacy

Wrong (or missing) processes set up in the organization, causing communication breakdown.