Innovation is a term that is frequently heard in the business world today. Respond to the following...

70.2K

Verified Solution

Question

General Management

Innovation is a term that is frequently heard in the businessworld today.

Respond to the following questions in 500 600 words.
Why is innovation so important to an organization?
What is the entrepreneurial mindset, and how does it relate toinnovation?
What are the two types of internal innovations? How are theydifferent from each other? Explain, using one example of eachtyp

Answer & Explanation Solved by verified expert

3.6 Ratings (435 Votes)

Innovation The development of new product is called as innovation as where the product and services would be unique with creative ideas and high end technology Importance of innovation in an organization The importance of innovation in an organization is explained below Through innovation the company selects on different ideas and adapt towards the best which fits the business and execute on the same for the See Answer

Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:

Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!

Become a Member