Asked by Ayanna Akbar on May 23, 2024
Verified
Almost 90 percent of executives believe that innovation is a strategic priority for their organizations.
Strategic Priority
A critical area or action that an organization identifies as essential to its success and allocates resources towards achieving.
Innovation
The process of creating and implementing new ideas, products, or methods to improve and solve problems.
- Identify the varied objectives of organizations, such as ensuring sustainability, fostering innovation, and promoting employee involvement.
Verified Answer
DT
Dilani TenishaMay 26, 2024
Final Answer :
True
Explanation :
Numerous surveys and studies have shown that a high percentage of executives, often around or above 90 percent, consider innovation to be a key strategic priority for their organizations, recognizing its importance in maintaining competitive advantage and driving growth.
Learning Objectives
- Identify the varied objectives of organizations, such as ensuring sustainability, fostering innovation, and promoting employee involvement.
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