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:

Memory Chips

Electronic components used in devices for the purpose of data storage and processing.

Ordering Quantity

If this term refers to "Economic Order Quantity," it is a decision tool used in supply chain management to determine the optimal order size that minimizes total inventory costs.

Inventory Value

Inventory Value is the total cost associated with the goods and materials held by a company to produce or sell for profit.

Clothiers

Businesses or individuals specializing in the selling of clothing.