Lack of creativity and innovation undermines a firm's ability to compete overseas and makes it vulnerable to foreign entry into its home market.

Question

Quizplus · Accepted Answer

A lack of creativity and innovation can hinder a firm's ability to adapt and differentiate itself in competitive international markets, making it less competitive and more susceptible to foreign competitors entering its domestic market.

Lack of Creativity and Innovation Undermines a Firm's Ability to Compete