To avoid the problems of too few new-product ideas and the failure of many good ideas,management should install an innovation management system that collects,reviews,evaluates,and manages new-product ideas.

Question

Quizplus · Accepted Answer

An innovation management system can help reduce the problems of too few new-product ideas and the failure of good ideas by systematically collecting, reviewing, evaluating, and managing new-product ideas. With such a system in place, companies can more effectively monitor their innovation pipeline, identify promising product ideas, prioritize development efforts, and allocate resources. Ultimately, this can lead to a more consistent and successful innovation process.

To Avoid the Problems of Too Few New-Product Ideas and the Failure