Write a report in which you discuss and evaluate the sources of innovation. The report will be given to senior management of your chosen company. You should include the following:
Identify sources of innovation
Assess trends and forecasts that are affecting (or will affect) your industry
Evaluate possible disruptive innovation.
Support your paper with a minimum of three (3) peer reviewed articles published in the last five years. In addition to these specified resources, other appropriate scholarly resources, including older articles, may be included.
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SAMPLE SOLUTION
Determine Innovation Sources
Introduction
Innovation is the process of applying novel ideas to create positive value for a business entity. This may entail development of a new system, process, service or enhancing existing mechanisms. Innovation may also take the form of suspending an outdated or inefficient system, product, or practice. In contemporary business environment, innovation is one of most sought tool of success due to the increasing rate of market competition. Corporates depend on innovation to remain a step ahead of their competitors. Customer needs keep changing along with technology and so the service…
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