Sarthaks Test
0 votes
14 views
in Business Studies by (15 points)

Please log in or register to answer this question.

1 Answer

0 votes
by (52.6k points)

It’s the introduction of novelty in a given market or industry, such as new products, services, methods, sources of supply or organisation,” says Fredrik. “At the same time, there’s a strong emphasis on successful commercialisation that is, an innovation is more than an idea or an invention, it’s the result of taking it to market.”

“The purpose of innovation is to continuously grow and renew an enterprise with new or better products, more efficient processes, or enhanced business models,” adds Walter.

Related questions

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

Categories

...