Traditionally,MNEs Developed Innovation Processes That Were Either Very Centralized (Resulting

question 27

Essay

Traditionally,MNEs developed innovation processes that were either very centralized (resulting in center-for-global innovation),or very decentralized (resulting in local-for-local innovation.)More recently,companies have developed two transnational innovation models.Describe the new models and the advantages they have over the older approaches to innovation.

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Definitions:

Heuristics

Simple, efficient rules, either hard-coded by evolutionary processes or learned, that help in decision-making, discovering, learning, or problem-solving with incomplete information.

Algorithms

A set of rules or procedures for solving a problem in a finite number of steps, often used in mathematics and computer science.

Criterion

A standard or rule by which something can be judged or measured.

Evaluation Solutions

The process of critically assessing and determining the effectiveness of strategies, interventions, or programs to solve specific problems or meet objectives.