When We Refer to "Democratizing" of Innovation,we Mean That

question 26

Multiple Choice

When we refer to "democratizing" of innovation,we mean that:

• A)the new product development teams should report directly to the top management.
• B)the new product development teams should be treated like startup companies.
• C)customers can be treated as the best source of new-product ideas.
• D)the product development cycle should be minimized.

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Definitions:

Design Thinking

A creative problem-solving approach that focuses on understanding user needs and challenges to develop innovative solutions.

Organizations

Groups or institutions with a common interest or activity, structured systematically to achieve specific goals.

Design Thinking

A problem-solving approach that involves empathy with users, creativity in the generation of insights and solutions, and rationality in analyzing and fitting solutions to the context.

Desirability

The attractiveness or appeal of a product, service, or idea to potential customers or users, influencing their willingness to purchase or adopt it.