Companies can survive over the long run without innovation.

Question

Quizplus · Accepted Answer

Innovation is a key factor for a company to stay competitive and adapt to changing market conditions. Without innovation, companies risk being outpaced by competitors, becoming outdated, and losing market share. In today's fast-paced economy, companies must continuously innovate to remain relevant and grow. Therefore, companies that fail to innovate are likely to struggle or fail in the long run.

Companies Can Survive Over the Long Run Without Innovation