Which of the following statements is true about a product innovation charter (PIC)?

Question

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A product innovation charter (PIC) is designed to provide guidance to the business units on the role of innovation. It is a document that outlines the mission, objectives, scope, and boundaries for the innovation project. It is typically prepared by the executive team or project leaders and helps to align the innovation strategy with the business strategy. While a PIC can be seen as a kind of vision statement, it is applied at a micro level, specifically for the innovation project.

Which of the Following Statements Is True About a Product