The Innovation Management System Approach Yields Two Favourable Outcomes: It

question 127

Short Answer

The innovation management system approach yields two favourable outcomes: it helps create an innovation-oriented company culture,and it ________.

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Definitions:

Just-In-Time Performance

A strategy focusing on minimizing inventory and producing goods exactly when needed to meet demand, aiming for efficiency and waste reduction.

Mass Customization

An approach to manufacturing that combines the flexibility and personalization of custom-made products with the low unit costs associated with mass production.

Tax Losses

Financial losses that can be offset against other gains or income for tax purposes, potentially reducing the overall tax liability.

Cash Flow

The aggregate of funds entering and exiting a corporation, significantly impacting its liquidity levels.