Which best describes what is meant by the phrase value of innovation ?
A) It is important for a firm to add concrete value.
B) Structural changes are focused on finding new value.
C) Not all innovation is valuable, so finding profitable innovation is crucial.
D) How an organization is structured is directly related to how valuable it is.

Question

Quizplus · Accepted Answer

The phrase "value of innovation" refers to the importance of finding valuable and profitable innovations rather than just creating new things without any practical use or benefit. It emphasizes the importance of creating innovations that add value to the organization and its customers. The phrase "value of innovation" refers to the importance of finding profitable innovation rather than just any kind of innovation. Not all innovation is valuable, so it is crucial for firms to focus on finding innovation that will create concrete value for their organization. Options A, B, and D do not accurately reflect the meaning of the phrase.

Which Best Describes What Is Meant by the Phrase Value