Which of the following statements is not true about innovation?
A) Innovation as a competitive weapon can simultaneously create and destroy value.
B) Successful innovation allows a firm to extract temporary monopoly profits.
C) Innovation has to be high-tech in order to be a potent competitive weapon.
D) Process innovations are made possible through advances such as the Internet.

Question

Quizplus · Accepted Answer

It is important to note that innovation need not be high-tech in order to be a potent competitive weapon. It needs to be novel, useful, and successfully implemented in order to help firms gain and sustain a competitive advantage.

Which of the Following Statements Is Not True About Innovation