In an Economy of Change,continuous Innovation Is Necessary

question 77

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:

Free-Running Rhythm

An internal body clock rhythm that operates without external cues such as light, typically observed in constant conditions, reflecting the natural cycle of an organism.

Circannual

Referring to biological processes or behaviors that occur on a yearly cycle, such as migration or hibernation.

Circadian

relates to biological processes that occur on a roughly 24-hour cycle, influencing sleep-wake patterns, hormone release, and other body functions.

Ultradian

Referring to recurrent periods or cycles repeated throughout a 24-hour day, such as the stages of sleep.