Asked by Walter Enrique on Jul 14, 2024
Verified
The grocery store FullBasket Goods has made changes to its existing workflow. FullBasket Goods accepts only debit cards and cash as payment for the purchased items, and it does not provide shopping bags to its customers. Which of the following kinds of innovations is FullBasket implementing in this scenario?
A) Efficiency-enhancing innovation
B) Performance-improving innovation
C) Market-creating innovation
D) Disruptive innovation
Efficiency-Enhancing Innovation
Innovations that significantly improve the productivity and performance of processes, systems, or technologies, often leading to cost reductions and improved outcomes.
Workflow Changes
Adjustments or transformations in the sequence of activities or processes within an organization aimed at improving efficiency, productivity, or operational effectiveness.
- Identify the differences between performance-improving innovations, efficiency-enhancing innovations, and innovations that create new markets.
Verified Answer
Learning Objectives
- Identify the differences between performance-improving innovations, efficiency-enhancing innovations, and innovations that create new markets.
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