Asked by Aa'Kyra Rivers on May 29, 2024
Verified
______ is the development of new or improved goods or services that are sold to meet customer needs, while ______ focuses on the enhancement and reuse of existing products and processes.
Product Innovation
The creation and introduction of new or significantly improved goods or services in the market.
Process Innovation
The implementation of a new or significantly improved production or delivery method, enhancing efficiency or quality.
- Distinguish between exploitative innovation and alternative innovation strategies.
- Acquire knowledge of the differing stages within the innovation process.
Verified Answer
BW
Learning Objectives
- Distinguish between exploitative innovation and alternative innovation strategies.
- Acquire knowledge of the differing stages within the innovation process.