What attributes are important measures of a firm's innovative prowess?

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Quizplus · Accepted Answer

Speed, quality, and efficiency of innovation are important indicators of a firm's ability to innovate. This shows that the company not only comes up with new ideas but also brings them to the market quickly, while ensuring that they meet high standards of quality. This helps the company stay ahead of competitors and maintain a strong market position. The other options, such as the "wow" factor of innovation and the pursuit of perfection, are important factors as well, but are not as critical as the ability to innovate quickly and effectively. The ability to imitate as well as innovate is important, but it is not a measure of a company's innovative prowess in and of itself.

What Attributes Are Important Measures of a Firm's Innovative Prowess