Product innovation can enable process innovation.

Question

Quizplus · Accepted Answer

Product innovation can lead to the development of new processes or the improvement of existing processes that support the creation, production, and delivery of the new or improved product. By introducing new or improved products that require new or modified processes to produce or deliver, firms can drive process innovation internally or within their supply chain partners. Therefore, product innovation and process innovation are interconnected and can reinforce each other.

Product Innovation Can Enable Process Innovation