Asked by Divine Diamante on Jun 10, 2024

verifed

Verified

Innovation and intrapreneurship are to two important aspects of technology for managers.

Intrapreneurship

Refers to the practice of fostering entrepreneurial behavior within an existing organization, allowing employees to pursue innovative ideas or projects with the potential to generate new revenue or improve efficiency.

Innovation

The process of creating new ideas, products, or methods, often leading to improvements or contributing to significant changes in society.

  • Understand the role of innovation and technology in business management.
verifed

Verified Answer

KM
Kristal McCathernJun 14, 2024
Final Answer :
True
Explanation :
Innovation and intrapreneurship are crucial components of technological progress for businesses, and managers play a crucial role in encouraging and fostering these activities within their organizations. By promoting an environment of experimentation, risk-taking, and creativity, managers can help their teams to develop pioneering new products, services, and processes that can drive competitive advantage and growth.